Business Stories for July 2011
Stories for Sunday, July 31
Schools’ energy deal could save taxpayers $11.5M
The Southwestern Ohio Educational Purchasing Council, which serves 73 Miami Valley school districts, negotiated a deal with DPL Energy last week that could save local school districts an estimated $11.5 million in energy costs over four years.“It’s a win-win,” said Bob Yux, Centerville City Schools assistant superintendent. “It’s a savings ...
Stories for Saturday, July 30
Beware of scammers offering advance-fee loans
Scammers promoting advance-fee loans target people down on their luck and desperate for money. They’re advertised in local publications and online through professional-looking websites and classified sites using attractive terms such as “easy credit” and “guaranteed.”Generally, advance-fee loan websites require victims to complete loan applications requesting information, such as bank ...
Dayton-based fund buys half of pet care company
DAYTON — Cybeck Capital Partners LLC, a private-equity fund and turnaround firm based in Dayton, has acquired a 50 percent stake in a California-based franchisor of pet-care services.Cybeck bought half of Fetch! Pet Care, a Walnut Creek, Calif.-based company, in June.Harry Loyle, managing director of Cybeck, declined to say how ...
Troy manufacturer among Honda’s top suppliers once again
TROY — Honda of America in Ohio and Indiana has about 5,000 suppliers. When a company is named one of a handful of Honda’s “suppliers of the year,” it’s doing something right.When a company walks away with that honor three times in six years, it’s unusual indeed.Precision fabricator and machinist ...
Composites manufacturing companies move to Dayton
Being based in Dayton, Ohio, is one thing that immediately sets apart Composite Technology Investors LLC (CTI), the company’s principals say.Many composite materials firms are based in Southern California or elsewhere, closer to big names in the aerospace industry.But CTI owns two manufacturers that work with composites — Vector Composites ...
Stories for Friday, July 29
Cooler spring impacts DPL
A cooler spring and planned generation plant outages cut DPL Inc.’s second-quarter results by nearly half.DPL reported net income of $31.7 million, or 28 cents per diluted share, for the second quarter this year, well below the $61.4 million, or 53 cents per diluted share, reported for the same quarter ...
In-state travel helped generate tourism jobs
DAYTON — One of the few bright spots in Ohio’s anemic jobs recovery has been employment in the state’s leisure and hospitality sector, which added 10,600 new jobs last month – more than any other category.State and local officials say much of that hiring is the result of a steady ...
Connor Group buys more apartments in North Carolina
DAYTON — The Connor Group, a real estate investment firm based in Centerville, on Thursday expanded into Charlotte, N.C., with the purchase of the 309-unit Alexander Place Apartments.The company operates in six markets – Atlanta, Cincinnati, Columbus, Dallas, Dayton and North Carolina.The Connor Group has purchased more than $140 million ...
Key player in health care projects promoted
CINCINNATI — Chris Hopper, who played a key role in the construction of Atrium Medical Center, Miami Valley Hospital’s new patient tower and a $50 million expansion currently under construction at Miami Valley Hospital South, has been promoted to project executive in the new Cincinnati office of Skanska USA’s building ...
One Call Now adds two to board
TROY — One Call Now, a message notification service, said Friday it has added executives John F. Dix and Sean Geehan to its board.Leib Lurie, the company’s co-founder and chief executive, said the fast-growing company was “fortunate” to have the experience of Geehan and Dix as it plans its future.Dix ...
First Financial posts 2Q profit
First Financial Bancorp — which recently announced plans to acquire Liberty Savings Bank and boost its Dayton presence — said Friday it ended its second quarter with a profit.For the period ended June 30, the Cincinnati-based bank said it earned $16 million, or 27 cents per share, compared with $17.8 ...
Standard Register reports deeper losses
Standard Register Corp. reported far wider losses for the second quarter of 2011 compared to the second quarter last year, but lower losses for the first half of this year compared to the same period last year.The document services company reported a net loss of $910,000, or three cents per ...
Lower generation affects DPL earnings
DPL Inc. reported net income of $31.7 million, or 28 cents per diluted share, for the second quarter of 2011, well below the $61.4 million, or 53 cents per diluted share, reported for the same quarter last year.For the six months that ended June 30, 2011, DPL reported net income ...
Anheuser-Busch sues local Teamsters
The largest beer producer in the United States is suing the International Brotherhood of Teamsters and a Teamsters local for what it calls misuse of an Anheuser-Busch trademark in a local labor dispute between the Teamsters and a drinks distributor.Anheuser-Busch Inc. filed the lawsuit Wednesday in federal court.Local beverages distributor ...
$30,000 loan OK’d to help company
MORAINE — By the end of the year, a West Carrollton metalworking company plans to more than double capacity in a 25,000 square foot building in Moraine. On Thursday night, Moraine City Council approved a $30,000 loan to Cat-Wood Metal Works, helping to finance the move. The loan will be ...
Stories for Thursday, July 28
Downtown project gets big state tax break
DAYTON — The development consultant for the Centre City building downtown said Thursday’s award of a $1.8 million state tax credit is “a major step forward” to convert the 21-story building into 98 apartments and retail and office space.“Developments always have hurdles,” said Tom Fortin, development consultant for building owner ...
Anheuser-Busch sues local union
Anheuser-Busch Inc. is suing the International Brotherhood of Teamsters and a Teamsters local for what it says is use of the Anheuser-Busch trademark and logo in a local labor dispute between the Teamsters and an Anheuser-Busch distributor.The lawsuit was filed Wednesday in Dayton’s federal court.Local beverages distributor Heidelberg Distributing Co. ...
MVH patient tower earns LEED designation
DAYTON — Miami Valley Hospital has been awarded LEED Silver certification for its 12-story, $135 million patient tower, according to a news release.The hospital said it is the first hospital in southwest Ohio to receive such certification.To receive the certification for the 178-bed building, the hospital:• through its construction team ...
Time Warner Cable posts higher 2Q net income
NEW YORK — Time Warner Cable Inc., the Dayton area’s dominant cable TV service provider, said Thursday that its second-quarter profit rose 23 percent, boosted by strong results in its business services and higher revenue from residential users.The nation’s second-largest cable company said its net income rose to $420 million, ...
DPL declares stock dividends
DAYTON — DPL Inc.’s board of directors declared a quarterly dividend of 33.25 cents per common share, payable Sept. 1 to holders of record on Aug. 16.The board of DPL’s Dayton Power and Light Co. declared quarterly dividends on DP&L preferred stocks as follows: 93.75 cents per share on both ...
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