Business Stories for December 2010
Stories for Friday, December 31
Ohio’s economy still stuck in no-growth cycle, expert says
It may be a brand new year, but state officials say Ohioans can expect the same old stagnant job market for some months to come. Officials at the Ohio Department of Job and Family Services say job losses may be bottoming out, but the recovery will continue to be weak ...
Stories for Thursday, December 30
NCR changes Medicare add-on for retirees
DAYTON — NCR Corp. is changing its supplemental plan to Medicare for retirees older than age 65, effective Feb. 1, the company confirmed Thursday.NCR mailed letters Dec. 14 notifying retirees of the change, spokeswoman Anne Marie Agnelli said.NCR, which moved its headquarters from Dayton to Georgia in 2009 and 2010, ...
Barber college owner says move prompted by police harassment
DAYTON — The owner of a 51-year-old downtown business says it will close today and move to the Dayton Mall area.Dayton Barber College owner Todd LeMaster says police constantly harassed students after a student’s arrest on suspected felony drug trafficking nearly two years ago.“They ran my customers off,” he said. ...
Kindred Healthcare reports increase revenue
LOUISVILLE, Ky. — Kindred Healthcare, Inc., which runs a long-term acute care hospital at Elizabeth Place, this month announced its consolidated revenues for 2011 will be about $4.8 billion, up from about $4.2 billion this year, according to a news release.Kindred employs about 54,700 employees in 40 states. Kindred Hospital ...
Stories for Wednesday, December 29
High stocks may mean best December since '91
NEW YORK — Stocks finished higher Wednesday as the market continued on pace for its best December in nearly 20 years.The Standard and Poor’s 500-stock index — the market measure used by most professional investors — has gained 6.7 percent this month. If it closes Friday at this level or ...
11 doctors join Kindred Hospital Dayton
DAYTON — Kindred Hospital recently announced the addition of 11 physicians to its medical staff.They include:• Median Ali, M.D., pulmonary and critical care medicine• Michele L. Evanson (formerly Meltzer), D.O., internal medicine• Patrick U. Mezu, M.D., internal medicine• Keren Ray, D.O., internal medicine• Anne Reddington, D.O., internal medicine• Edgar R. ...
Stories for Tuesday, December 28
New eatery poised to open at site closed for 16 years
DAYTON — A former Church’s Chicken restaurant that closed 16 years ago is poised to reopen in late January as Diamond D’s Diner at 2301 Germantown St., according to the new restaurant’s owner, Barbara Vinzant, of Trotwood. Diamond D’s Diner will serve chicken, fish, soups, salads, vegetables and other items ...
Obama’s adviser pick may help Ohio
President Obama’s upcoming selection of a new top economic advisor could be a double-edged sword for struggling Ohio, according to noted academic economists in the state.The replacement for Lawrence Summers could lift the Midwestern economy if Obama selects a person “who believes in open markets, in helping American companies compete ...
UD names director of student investment forum
DAYTON — The University of Dayton says it has appointed Larry Heller, a financial industry veteran, to lead the school’s student investment forum.Heller, as executive director of R.I.S.E. XI, will work with Matthew Shank, dean of UD’s School of Business Administration, to expand the partnerships that support the forum, officials ...
Greene County business shifts its focus
JAMESTOWN — GLD Enterprises Commercial Writing will focus on business copywriting and public-relations consulting services, the result of a year of retooling by the company’s management, according to a news release.Gery Deer, owner and managing copywriter, said the firm in the past has provided business writing and public relations. The ...
Downtown piano bar files for bankruptcy
DAYTON — The company doing business as Greg’s Piano Bar at the Barclay Building, 139 N. Main St., filed for Chapter 7 bankruptcy Dec. 17 in U.S. Bankruptcy Court.The business, which opened in 2006, closed its doors on May 31, according to the bankruptcy filing.The company, JE Barnard LLC, listed ...
Stories for Monday, December 27
Goodwill program puts computers back to work, creates jobs
DAYTON — A program aimed at putting used computers back into use locally has diverted more than 600,000 pounds of computers and equipment from local landfills.The program, a partnership between Goodwill Easter Seals Miami Valley and Dell ReConnect, allows consumers to drop off any brand of used computers and accessories ...
Angie’s List recognizes local company
KETTERING — Henley Home Services said in a news release it has been awarded the 2010 Angie’s List Super Service Award.Fewer than 5 percent of all the companies rated on the nation’s leading provider of consumer reviews on local service companies receive the award, Henley Home officials said.Henley Home Services ...
Stories for Sunday, December 26
Local shoppers enjoy day-after-Christmas promotions
MIAMISBURG — Local merchants approached the day after Christmas with extended hours and door-buster specials similar to the Black Friday promotions that kicked off the holiday shopping season the day after Thanksgiving.Signs advertising discounts of 60 percent to 70 percent on leftover holiday merchandise were commonplace at Dayton Mall, where ...
After-Christmas sales draw shoppers to malls, stores in search of bargains
Christmas is over, but the holiday shopping season continued in full swing Sunday as thousands of Miami Valley residents hit the stores and shopping malls to return clothes that didn’t fit and redeem gift cards.The week after Christmas can account for up to 15 percent of retailers’ holiday sales. And ...
Stories for Saturday, December 25
Restaurant industry bounces back, fills jobs
In nearly every corner of the Miami Valley during 2010, vacant buildings that once housed restaurants sprang back to life as new eateries.At least 18 restaurants either opened or launched significant renovations in the Dayton area in locations that had been lifeless for six months or more during 2010.Jarrod Clabaugh, ...
Entrepreneurs redo, revive old restaurants
Kimberly Collett searched every nook and cranny of downtown Dayton before deciding that a small, aging building that operated as a Wympee burger joint and coffee shop for more than 70 years before closing in 2009 presented “hands-down the best deal” for her to sign a lease and open a ...
What happens to all those abandoned ‘big box’ stores?
The Miami Valley has 28 retail properties with 50,000 square feet or more vacant. Many of them include abandoned “big box” stores — often left by retailers who have moved to larger superstores nearby. For Sunday’s Dayton Daily News, our reporters are looking into how communities can deal with so ...
Dog treat company, college students collaborate to help disabled get work
DAYTON — Seven Cedarville University mechanical engineering students have a big senior project on their hands: develop devices that quadruple the output of a Dayton dog biscuit business that employs developmentally disabled workers.But in trying to make the business profitable and more efficient, the students must make sure about 100 ...
Region’s economy diversifying, in transition, as new year begins
Product distribution, aerospace technology and health care are key segments of the Dayton region’s economy and jobs future for 2011 and beyond.Caterpillar, the construction and mining equipment maker, plans to open a distribution center in Clayton early in 2011 and hire as many as 600 people.Construction is to start in ...
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