Business Stories for April 2012
Stories for Monday, April 30
GE Aviation expects to add 200 more area jobs
GE Aviation Systems’ $50 million investment on the University of Dayton campus bodes well for the company and the area, the company’s president and chief executive said Monday. In the past five years, GE Aviation has added 400 jobs at its three Dayton-area plants. In 2013, the company’s new Electrical ...
Wright-Patt buyouts open doors
WRIGHT-PATTERSON AIR FORCE BASE — Wright-Patterson had 281 civilian employees officially leave Monday after they took an early retirement or incentive payment, an Air Force spokesman said.Those employees’ positions will be filled by those who were facing layoffs. The number of civilian positions cut will remain at the 598 announced ...
Restaurants still optimistic despite skittish consumers
American consumers were more reluctant to part with their cash in March, but the nation’s restaurant owners reported a great month and are as optimistic as they’ve been since before the recession, according to data released Monday.Dayton-area restaurant owners reflect the schizophrenic nature of the nation’s economic measurements: Young’s Dairy ...
Dayton airfares remain a bargain
Cincinnati/Northern Kentucky International Airport had the highest average airfare in the nation in the fourth quarter of 2011, a report Monday from the U.S. Department of Transportation said. The average airfare at the airport was $502. Dayton appears to hold a competitive edge with an average airfare of $356, the ...
Stories for Friday, April 27
15 AFIT workers transfer jobs
WRIGHT-PATTERSON AIR FORCE BASE — Fifteen employees of the Air Force Institute of Technology will be transferred into other jobs on base as AFIT shuts down its Center for Systems Engineering, base officials said Friday.The transfers are to be done by the end of the federal fiscal year Sept. 30, ...
Local banks report growth
A slowly improving economy is helping area community banks, but record low interest rates and low quality loans are putting pressure on the companies’ bottom lines, bank officials said.This week wrapped up first quarter earnings season for the area’s publicly traded community bank companies, including First Financial Bancorp of Cincinnati, ...
Trucking, health jobs most in demand in area
Job seekers in the Dayton-Springfield area are most likely to find opportunities in health care and trucking, based on analysis of online help wanted advertisements posted from February to March.Kettering Health Network, one of Montgomery County’s largest employers, posted 464 job advertisements during the month. That was the most by ...
The Greene adds marketing firm as tenant
Fahlgren Mortine, a Columbus-based marketing and communications firm, has moved its Dayton-area office to The Greene in Beavercreek from 9049 Springboro Pike in Miami Twp., the company said.The 6,000-square-foot office is on the center’s south side near the Von Maur store. Sixteen employees work there.Fahlgren Mortine established a presence in ...
15 Air Force Institute of Technology employees to transfer out
WRIGHT-PATTERSON AIR FORCE BASE — Fifteen employees of the Air Force Institute of Technology will be transferred into other jobs on base as AFIT shuts down its Center for Systems Engineering, base officials said Friday.The transfers are to be done by the end of the federal fiscal year Sept. 30, ...
Piketon nuclear plant gets $150M boost
WASHINGTON — A proposed uranium enrichment plant received a boost Tuesday when a Senate subcommittee agreed to include $150 million in a federal spending bill for research and development at the plant, located in Piketon about 90 miles southeast of Middletown.The Senate Energy and Water Subcommittee included the money in ...
Tri-State Red Cross names new CEO
The Greater Cincinnati-Dayton Region of the American Red Cross today announced Patricia Mann Smitson as its new chief executive.Currently a partner in law firm Thompson Hine, Smitson will oversee the 36-county Red Cross region that encompasses southwestern Ohio, northern Kentucky and southeastern Indiana. She will assume her new role on ...
Procter & Gamble 3Q net income slips
CINCINNATI — Procter & Gamble Co. said Friday its third-quarter net income slipped 16 percent as price increases and an uptick in revenue did not offset high costs for raw material and others related to a restructuring.The world’s largest consumer product company also reduced its 2012 guidance due to volume ...
Stories for Thursday, April 26
Hotel industry showing rebound
After seeing large drops in room sales and occupancy rates during the economic downturn, the hotel industry in Dayton and Ohio is rebounding back to pre-recession levels, according to data analyzed by the Dayton Daily News.Business and leisure travel continues to show signs of moderate growth, and hotel room rates ...
Construction boom helps WPAFB Medical Center redo
WRIGHT-PATTERSON AIR FORCE BASE — A $90 million renovation of Wright-Patterson Medical Center will cost the government $25 million less than the Air Force budgeted for the project in stimulus dollars, officials said.A highly competitive construction market has led to intense competition for work, said William T. Butt Jr., president ...
Bank to close 9 more branches
First Financial Bancorp plans to close eight area bank branches June 29, including previously reported branch closings in Lebanon and Lewisburg. The Cincinnati-based banking company said Wednesday in its first-quarter earnings release nine total locations would close, eight of which are in Ohio and one in Indiana. Branches in Dayton, ...
Calif. firm eyes Kettering site
A Los Angeles-based developer of the former General Motors assembly plant in Moraine is considering another automotive plant in the Dayton area, one that already has a busy tenant.Industrial Realty Group is investigating the purchase of the Tenneco plant at 2555 Woodman Drive in Kettering, industrial property developer Chris Semarjian ...
First Financial plans to close 8 area branches
First Financial Bancorp plans to close eight area bank branches June 29, including previously reported branch closings in Lebanon and Lewisburg.The Cincinnati-based banking company said Wednesday in its first-quarter earnings release nine total locations would close, eight of which are in Ohio and one in Indiana. Branches in Dayton, Centerville, ...
Dayton airport traffic rises
Passenger traffic at Dayton International Airport grew 2 percent in March to nearly 110,000 travelers, compared with 107,700 passengers the previous March, according to the statistics released by airport officials.Meanwhile, total cargo shipments through the airport ballooned 43 percent to 1,159 tons.So far this year, passenger traffic at the airport ...
Pending home sales in Ohio rise
The number of pending home sales in Ohio rose in March for the 11th consecutive month, a statewide realtors group said Thursday.Ohio’s March Pending Home Sales Index of 121.4, a forward-looking indicator based on contract signings, rose 14.9 percent from the March 2011 index of 105.7. In addition, the 2012 ...
Time Warner Cable earnings rise 18 percent
Time Warner Cable Inc., the dominant service provider in the Dayton area, said Thursday that its first-quarter profit rose nearly 18 percent on increased demand for its residential broadband services.The company said it earned $382 million, or $1.20 a share, in the January-March period, compared with a profit of $325 ...
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