Business Stories for October 2010
Stories for Saturday, October 23
Most local banks report deposits drop; consumer, business loan demand soft
DAYTON — Deposits in more than 30 banks operating in Greene, Miami, Montgomery and Preble counties dropped by about $200 million in 2010 versus 2009, reflecting the lingering effects of the recession, according to the Federal Deposit Insurance Corp.Of the Dayton metropolitan area’s top banks, only a few increased their ...
Collaboration deemed critical to region’s economy
TRENTON — Collaboration is key to moving the economy forward in Butler County, presenters said Friday during a forum at MillerCoors Brewery.The Dayton Development Coalition hosted the Butler County Economic Development Forum to give an update on jobs, development plans and opportunities at Wright-Patterson Air Force Base.Collaboration is “what it’s ...
Stories for Friday, October 22
Real estate bargains available at auction in Clayton on Nov. 4
CLAYTON — The troubled multimillion-dollar development, The Village of North Clayton that was once touted as the city’s future center, will be auctioned at a starting bidding price of $650,000 next month.In an agreement between project developer North Clayton Development LLC and Huntington National Bank, the auction will begin at ...
Local paper producers encouraged by ruling
DAYTON — Area paper producers on Friday welcomed a unanimous International Trade Commission (ITC) decision to impose duties on Chinese and Indonesian coated paper imports. NewPage Corp., based in Miami Twp., the United Steelworkers and others filed antidumping and countervailing duty petitions against China and Indonesia about a year ago. ...
KeyCorp sees profits climb in 3Q
KeyCorp said Friday it ended its third quarter in the black with earnings that far outstripped Wall Street projections.The Cleveland-based bank reported a profit attributable to common shareholders of $178 million, or 20 cents per share.During the same quarter last year, the company posted a loss to common shareholders of ...
Kettering florist will close
KETTERING — Simply Floral, a florist shop at 22 W. Stroop Road near Far Hills Ave., plans to close permanently on Dec. 15.Regina Ellis, co-owner of the store, said she and Tori West opened Simply Floral five years ago after the closure of nearby Groby’s Garden Center, where they ran ...
Stories for Thursday, October 21
Area job growth looks strong as Caterpillar earnings surge
CLAYTON — As Caterpillar’s earnings rise, so does the company’s potential impact on the Dayton area. Caterpillar, the world’s largest maker of mining and construction equipment, said Thursday its third-quarter earnings climbed 96 percent to $792 million, largely on the strength of sales in developing countries. Sales in North America ...
Local company wins $43M contract
VANDALIA — Projects Unlimited Inc., a manufacturer of aviation electronics for the defense industry, landed a new contract worth $43 million tied to the production of the H-1 and V-22 aircraft, Chris Wyse, the company’s president and chief operating officer, said Thursday.It’s more good news for a company that is ...
Local company announces $43M contract
VANDALIA — Projects Unlimited Inc., a manufacturer of aviation electronics for the defense industry, is celebrating a new contract worth $43 million tied to the production of the H-1 and V-22 helicopters, Chris Wyse, the company’s president and chief operating officer, said Thursday.It’s more good news for a company that ...
LCNB’s Wilson to chair national bank group
Local banker Stephen Wilson has been elected chairman of the American Bankers Association for 2010-2011, according to a news release.Wilson, who has been in the financial services industry more than 30 years, is chairman and chief executive of LCNB Corp. and its subsidiary, LCNB National Bank in Lebanon. LCNB has ...
Space Command head to address AFIT graduates
WRIGHT-PATTERSON AIR FORCE BASE — Gen. C. Robert Kehler, commander of the Air Force Space Command, is the keynote speaker for the Oct. 28 graduation of Air Force Institute of Technology students completing the newest cyber warfare courses.Kehler is President Obama’s nominee to become commander of the U.S. Strategic Command.More ...
Wright-Patterson awards contract work valued at $287 million
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force has awarded contracts with a combined value of more than $287 million for aircraft maintenance work and a research agreement.Lockheed Martin Corp. received a $162.9 million contract, plus a $115.7 million modification to a prior contract, to provide new engines and other ...
Local company announces NJ distribution facility
Workflow One, which filed for Chapter 11 bankruptcy protection late last month, has opened a production and distribution facility in Cranbury, N.J., the Dayton-based company said Thursday.The marketing products company said the nearly 200,000-square-foot facility will “add to the company’s capabilities” in digital printing, bindery, distribution and mailing services.The company ...
Stories for Wednesday, October 20
More STEM students needed, AF official says
DAYTON — The nation needs to step up efforts to interest young children in science and technology so they can ultimately fill future jobs in government and business, an Air Force Institute of Technology official said Wednesday.Rick Raines, who as director of AFIT’s Center for Cyberspace Research is helping shape ...
CareSource growth only beginning
DAYTON — If the region’s economic gloom has a silver lining, CareSource may very well be it. The nonprofit Medicaid provider has added about 100 jobs so far this year, in part to keep pace with record Medicaid enrollment driven by job losses and the poor economy. And with Medicaid ...
Insurer to add 500 jobs in Dayton
DAYTON — The health care overhaul puts CareSource at the cusp of “transformational” change that’s expected to create 590 jobs at the nonprofit and could make the nation’s third largest Medicaid provider a source of insurance for many middle-class Ohio households.The nonprofit expects at least 500 of the new jobs ...
Ohio getting nearly $40 million for GM plant clean-up
Ohio will receive nearly $40 million of the $773 million settlement to clean up former General Motors sites, including the former GM assembly plant in Moraine. Michigan will receive the largest share, at $158.7 million, followed by New York ($153.8 million), Ohio ($39.4 million) and Indiana ($25.2 million). The other ...
Manufacturing, machinery picking up again in Dayton
As far as All World Machinery Supply is concerned, manufacturing is getting stronger in Dayton.In fact, manufacturing is coming back enough to justify the opening here of the company’s fourth branch nationally, said Mark Bassett, the industrial equipment supplier’s Midwest regional sales manager.The company — whose leaders hope will have ...
Trade show exhibitors like how 2010 is going
VANDALIA — Exhibitors at the Dayton Tooling & Manufacturing Association’s annual trade show said Wednesday they’re getting more business.“We’re doing better,” said Steve Staub, of Staub Manufacturing Solutions (the former Staub Laser Cutting). “We’ve definitely outpaced where we were last year at this time.”Staub is up to 16 employees from ...
Ex-GM site to receive $25M for cleanup
The Obama administration has reached a deal on a $773 million environmental trust, the largest of its kind in U.S. history, to clean up dozens of former General Motors sites spread over 14 states, including the former GM assembly plant in Moraine, officials said Wednesday. The trust includes $25.8 million ...
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