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Business Stories for January 2011

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Stories for Monday, January 31

Procter & Gamble close office, two plants in Egypt

CINCINNATI — Consumer products maker Procter & Gamble Co. has closed its two plants and a general office in Egypt because of the political turmoil there.Spokeswoman Robyn Schroeder says in Cincinnati that the company closed general offices in Cairo last Wednesday, telling employees to work from home, then closed the ...

Online help-wanted ads increasing

DAYTON — Ohio employers posted more than 18,000 new online help-wanted ads last month as demand for labor continued to strengthen across the state, although unemployment remained stubbornly high.The surge in online vacancies in Ohio represented more than 16 percent of the Midwest’s total increase of 112,900 new listings, according ...

Hot Head opens burrito restaurant in Beavercreek; more on the way

The Kettering-based Hot Head Burritos chain has more locations on the way in the Dayton area, elsewhere in Ohio and in surrounding states, according to the restaurant chain’s co-founder, Ray Wiley.Hot Head opened a new restaurant at 3195 Dayton-Xenia Road, Suite 850 on Jan. 26 in the Beavercreek Plaza near ...

$6.6M in state loans approved for proton research center

MIAMI TWP., Montgomery County — Optivus Proton Therapy Inc. cleared the final hurdle Monday in securing $6.6 million in state loans to assist in building its proton beam therapy research and development headquarters.The $16 million project — not to be confused with Optivus’ previously announced $170 million proton beam radiation ...

8 household items to use for a cheaper workout

You don’t need to spend a cent to stay in shape. Tips from fitbie.com include how common items can be used for workouts, including:Water bottles. Depending on the size, when filled with water, bottles can be substituted for ½ to 2-pound dumbbells. For more resistance, try filling them with sand. ...

MVH, Urbana University offer nurses master degree program

DAYTON — Miami Valley Hospital and Urbana University this month signed an agreement that will let nurses at Miami Valley and other Premier Health Partners hospitals pursue a master of science degree in nursing at the hospital’s downtown Dayton campus. The program allows nurses to earn a master’s degree in ...

LCNB announces first-quarter dividend

LEBANON — LCNB Corp. says it has declared a first-quarter dividend of 16 cents per common share.The parent of LCNB National Bank will pay the dividend on March 15 to shareholders of record as of March 1, the company said.The company has 26 offices in Butler, Clermont, Clinton, Hamilton, Montgomery ...

Stories for Saturday, January 29

Look who’s hiring: Goodrich Corp.

Goodrich Corp.What they do: Supplier of braking systems for commercial, regional, business and military aircraft. Products include aluminum wheels, as well as electric and hydraulically actuated aircraft brakes with steel or carbon friction materials.“We don’t do tires,” according to Christy Stringer, Goodrich’s manager of talent management. “We also don’t own ...

What BBB accreditation means and how businesses can get it

Since 1925, the Better Business Bureau has been the authority on marketplace trust. Businesses and charities earning BBB Accreditation contractually agree to adhere to the BBB’s high standards of ethical business behavior. These standards are a comprehensive set of policies, procedures and best practices focused on how you should be ...

Independent retailers get ‘significant boom’ after banner year for vinyl sales

DAYTON — Vinyl record sales boomed in 2010, and several area independent music retailers are benefitting from the trend.Vinyl was the fastest-growing music format in an otherwise distressed year, according to data from Nielsen SoundScan. The throwback format increased 14 percent, selling more copies in 2010 than any other year ...

Low auto loan rates driving business for banks

Interest rates for auto loans have continued to drop, especially for luxury buyers, observers say.In December, the average auto loan carried an APR of 4.16 percent, according to Edmunds.com. This marked a 0.33 percent decline from November and a drop of 0.55 percent from December 2009, the website said.An estimated ...

Stories for Friday, January 28

Mercy Health employees opt not to unionize

SPRINGFIELD — Most Community Mercy Health Partner employees in Springfield chose not to unionize after years of waiting for labor unions and Catholic hospitals to work out their differences and allow a vote.About 6,500 employees of Catholic Health Partners cast their vote Thursday on whether to be represented by Service ...

Sinclair, Time Warner Cable talks stretch on

NEW YORK — Sinclair Broadcast Group and Time Warner Cable agreed to another extension in their negotiations over programming fees.The companies are wrangling over how much Time Warner Cable Inc. will pay Sinclair for the rights to include Sinclair’s broadcast stations in Time Warner channel lineups. Their previous contract, which ...

Local real estate pros honored

DAYTON — The Dayton Area Board of Realtors on Thursday recognized several people for their contributions to the community and the real estate industry. Those honored at a ceremony at DABR’s 1515 S. Main St., headquarters include: Teresa Stewart as affiliate of the year. Stewart, who works for Sterling Land ...

Green on agenda at convention center

A two-day conference on green energy and attendant jobs will be held in Dayton in two weeks.Hosted by Green Energy Ohio and the Dayton Development Coalition, “Ohio Leads the Way: Green Market and Green Jobs” will be held at the Dayton Convention Center Feb. 11-12.The first day of the convention ...

Stories for Thursday, January 27

West Carrollton company fined by EPA for discharges into creek

A West Carrollton papers plant has agreed to cut total dissolved solids in wastewater discharged into Owl Creek, pay a fine and “come into compliance with state water quality standards,” the Ohio Environmental Protection Agency said Thursday.The company, Ahlstrom, at 1 S. Elm St., West Carrollton, also agreed to perform ...

Sogeti partnering with WSU for employee training

IT services provider Sogeti will house a training program for new employees at Wright State University, a university professor said Thursday morning.Dubbed “Sogeti University,” the program will begin at Wright State on Monday, Vikram Sethi, director of WSU’s Institute of Defense Studies and Education, said in an email to the ...

DPL Inc.’s board declares stock dividends

DAYTON — DPL Inc.’s board of directors declared a quarterly dividend of 33.25 cents per common share, payable on March 1 to shareholders of record Feb. 15.That translates to an annual dividend rate of $1.33 per share.The board of Dayton Power and Light Co., a DPL subsidiary, declared these quarterly ...

Time Warner Cable’s 4Q profit up 22 percent

NEW YORK — Time Warner Cable Inc., the Dayton area’s dominant cable TV service provider, said Thursday its fourth-quarter profit climbed 22 percent from a year ago as advertising and commercial subscription revenue rose. It is also lifting its quarterly dividend 20 percent to 48 cents per share. The country’s ...

Stories for Wednesday, January 26

Area foreclosure rate ranks high in nation

DAYTON — One in every 43 homes in the Dayton area faced some sort of foreclosure action last year, placing the area in the top third of 206 U.S. metro areas for that activity, a California firm that tracks foreclosures said in a report released today.RealtyTrac Inc. of Irvine, Calif., ...

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