Business Stories for July 2010
Stories for Monday, July 26
DPL earnings expected to improve for second quarter, analysts say
DAYTON — DPL Inc. will report earnings per share of 49 cents for the three months ended June 30, up from 37 cents for the second quarter of 2009, according to analysts surveyed by Yahoo! Finance.DPL, owner of Dayton Power and Light Co., expects to release its second-quarter financial results ...
Appleton sells packing operations for $58M
Appleton has completed the sale of its Performance Packaging operations to a newly formed company named NEX Performance Films Inc., the paper producer said late last week.NEX Performance Films is owned by Mason Wells, a Milwaukee-based private equity firm. The purchase price was approximately $58 million.Appleton said it intends to ...
Stories for Sunday, July 25
Dayton among top U.S. cities for exports and related jobs
Dayton is among the top 100 metropolitan areas for exports and export-oriented jobs, according to a new study unveiled today, July 26, by the Brookings Institution.Using data gathered from 2003-2008, Dayton was ranked No. 16 among the nation’s top 100 metropolitan regions for exports as a percentage of total GMP ...
Local companies see exports as sure way to grow business
Trent Fisher, owner of robotics maker SAS Automation, knows what to do with economic downturns: Ride them out.So in 2001, Fisher opened a sales office in Germany, even though his Xenia firm, which makes pincers or “hands” placed on the ends of some robotic arms, was then just five years ...
Stories for Saturday, July 24
Widow grows HVAC firm with trust, acquisitions
BETHEL TWP., Miami County — When she woke up on Saturday, April 14, 2007, Julie Broerman was a wife, mother and career woman with experience in bank management and marketing for local businesses.The next day, Julie was a widow and the head of the heating, air conditioning and ventilation company ...
Changes could cost Ohio's egg, hog industries
Ohio’s egg and hog industries, which together generated more than $1 billion in sales in 2008, recently negotiated compromises with the Humane Society of the United States on controversial housing practices for farm animals.The agreement, reached behind closed doors in late June and brokered by Gov. Ted Strickland, headed off ...
Is animal welfare compromise good for Ohio?
Within days of the news that agribusiness groups and the Humane Society of the United States had compromised over farm animal housing, livestock farm consultant Tom Menke said he received calls pitching potential egg and hog farm locations just over Ohio’s borders in Indiana and Pennsylvania.Unlike Ohio, those two states ...
Be on guard so you don’t get caught in any oil spill scams
Although it’s reported the Gulf oil spill may be stopped, local residents and businesses may feel its effects for months to come. Recovery efforts continue and create opportunities for scammers to make easy money by deceiving those trying to find work, file claims with BP or donate money or volunteer ...
Region’s top employers now government, health care
DAYTON — If not for jobs in government, public education and health care, the Dayton region would be in worse shape.A 10-year look at the area’s top employers starkly contrasts a region that thrived on mass-production manufacturing jobs in 2000 to one where a single manufacturer is in the 2009 ...
Training programs provide hope for manufacturing jobs
Ten years ago, Lucious Plant’s biggest problem at Montgomery County’s Job Center was finding enough qualified workers to fill the glut of job openings.Those days are gone.“The difference is over these last few years we shed all those jobs, we saw the contraction of manufacturing and it left behind smaller ...
GE sizing up Dayton for $51M research facility
University of Dayton officials will soon get their chance to convince General Electric that the school’s growing research arm is reason to locate GE’s new $51 million facility in the city’s aerospace hub. “There is nobody like us that has a dedicated research staff of 415 people. That is a ...
UD’s ties with GE could attract jobs
DAYTON — Local officials who want to see GE locate a new research facility in the city’s recently designated aerospace hub believe it could become a magnet to attract more businesses downtown.“GE is a big dog, and where GE is, there are a lot of folks who want to supply ...
Passenger traffic up for most of Dayton airport’s key airlines
DAYTON — Passenger boardings showed double-digit increases in June for Dayton International Airport’s busiest airlines, with one notable exception: AirTran Airways was down by almost 12 percent for the month.Delta Air Lines had 30,848 boardings at Dayton as the airport’s busiest carrier for the month, up by 21.5 percent from ...
Stories for Friday, July 23
New retailer headed by former Elder-Beerman CEO opening stores in area
NILES — Linens & More For Less! — a new national retailer headed by former Elder-Beerman CEO Fred Mershad — will open its first store today, Friday 23, in northeastern Ohio.The home-decor chain’s first 30,000-square-foot store is in Howland Commons at Niles’ Eastwood Mall Complex.A store at the Dayton Mall ...
A.O. Smith Corp. increases quarterly cash dividend
MILWAUKEE — A.O. Smith Corp.’s board of directors approved an 8 percent increase in the company’s quarterly cash dividend, setting it at 21 cents per share.The dividend is payable on Aug. 16 to shareholders of record July 30, A.O. Smith (NYSE: AOS) announced on Friday, July 23.The company’s products include ...
Retired Air Force officer is new chairman of Ohio Aerospace Institute
CLEVELAND — Peter Hennessey, a retired Air Force brigadier general whose career included two years at Wright-Patterson Air Force Base, has been elected chairman of the Ohio Aerospace Institute’s board of trustees.The nonprofit organization, which supports and promotes the state’s aerospace industry, announced Hennessey’s election on Friday, July 23.He is ...
Shumsky rolls out 'Brand on Demand' program
DAYTON — Shumsky Enterprises is rolling out a proprietary inventory management process that lets customers buy more product at its online store in relatively small quantities, the company announced Thursday, July 22. Shumsky, based at 811 E. Fourth St., said its new trademarked “Brand on Demand” program recognizes clients’ desire ...
NCR reports improved earnings
Higher orders and revenue are pushing NCR Corp. into profitability.NCR reported $31 million in net income for the second quarter of 2010, above the $23 million reported for the same quarter last year. That amounted to earnings of 12 cents of net income for each basic share for the most ...
Stories for Thursday, July 22
Home sales, prices climb during first half of year
Home sales in Dayton and across the state grew and prices climbed during the first half of this year, a state association said Thursday, July 22.Between January and June, 5,687 homes and condos were sold in greater Dayton, up 15.3 percent from the first half of last year, according to ...
Ohio OKs $1.8 million in grants for Dayton-area technology development
COLUMBUS — The State Controlling Board has approved $1.8 million in state grants to help underwrite commercialization of a composite material as well as support services for technology startup businesses, state Sen. Jon Husted, R-Kettering, said Thursday, July 22.The Controlling Board this week approved a $500,000 Third Frontier program grant ...
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