Business Stories for April 2012
Stories for Thursday, April 26
Whirlpool Corp. earnings fall 45%
Whirlpool Corp., which operates a kitchen appliance plant in Greenville, said Thursday that first-quarter net earnings fell 45 percent to $92 million, or $1.17 per share, from $169 million, or $2.17 per share, during the same period last year. The company attributed much of the change to lower tax credits ...
Stories for Wednesday, April 25
Investment strategist insists job growth key to recovery
If U.S. companies find the right products to export and produce them more efficiently than before, the economy will move forward, said KeyBank’s Chief Investment Strategist Bruce McCain.The economy hasn’t become self-sustaining almost three years since the most recent recession ended, McCain said at an investor presentation in Kettering Wednesday.Business ...
Pact aims to lure distribution jobs, logistics parks
DAYTON — A intergovernmental pact to lure new distribution businesses to the area could lead to new logistics parks, the executive director of the Montgomery County Transportation Improvement District (TID) said Wednesday.Dayton, Vandalia, Tipp City, Montgomery and Miami counties and others are considering banding together to draw more distribution and ...
Three ‘pop-up’ businesses poised to open in downtown Dayton
DAYTON ― Three “pop-up” businesses will open by May 4 in downtown Dayton.The businesses — the second phase of an initiative to fill downtown storefronts called Activated Spaces, according to the Downtown Dayton Partnership — are:• American π (pie symbol), 37 S. St. Clair St., a gift and accessories boutique ...
Has the economy made you curb your spending habits?
Have you bought a new car recently or made another major purchase with your credit card?Have your spending habits changed as a result of your outlook on the economy?If so, we’d like to hear your story.Please contact Dayton Daily News reporter Randy Tucker at (937) 225-2437 or rtucker@DaytonDailyNews.com.
Credit union to receive BBB Torch Award
DAYTON — The local Better Business Bureau announced Wednesday that Wright-Patt Credit Union Inc. will receive the BBB’s third annual Torch Award at the BBB’s Eclipse Integrity Awards May 8 at the David H. Ponitz Sinclair Center at Sinclair Community College.The local Torch Award is dedicated to the legacy of ...
Teradata to welcome new hotel next year
MIAMI TWP., Montgomery County — Teradata officials are looking forward to the opening of the Hilton Garden Inn, one of two hotels planned at Austin Landing. The information technology company’s headquarters is next to where construction has begun on the hotel-conference center, expected to open in March 2013. “I envision ...
Software maker buys Miller Valentine HQ
MORAINE — Dallas-based software developer Tyler Technologies will buy Miller-Valentine’s headquarters building between Dryden Road and Interstate 75, Moraine city officials said Wednesday. About a quarter of the 40,000-square-foot building will be leased by Miller-Valentine for about 40 of its Dayton-area employees, said Ed Blake, chief executive of Miller-Valentine’s commercial ...
Stratacache debuts vending machine video technology
Stratacache, the Dayton-based provider of digital sign, content distribution and video acceleration technologies, will debut its new translucent digital sign product for vending machines today at the National Automatic Merchandising Association’s OneShow in Las Vegas.PrimaSee Vending is a translucent digital display that showcases high-definition video advertisements embedded within the glass ...
Prefer prepaid bank cards to debit cards?
Do you prefer prepaid banks cards to debit or credit cards?The Dayton Daily News is seeking people who use prepaid bank cards instead of traditional debt and credit cards for their financial needs.If you would like to share your story, please contact staff writer Cornelius Frolik at cfrolik@DaytonDailyNews.com or by ...
Stories for Tuesday, April 24
Bioscience companies seek skilled workers
Bioscience companies are coming to Ohio expecting to find qualified workers, and industry advocates are working to keep pace with their growing demand.From 2004 to 2010, more than 400 biology, medicine or science-related companies began operations in the Buckeye State.The industry employs about 62,500 people throughout the state, including about ...
Eco-friendly bridge made in Dayton stars in D.C. ceremony
WASHINGTON — When District of Columbia Mayor Vincent Gray launched his city’s sustainability initiative Tuesday, he did so in front of a 685-foot-long bridge made of composite material manufactured in Dayton.The pedestrian bridge, part of a 20-mile trail that connects 16 waterfront neighborhoods in the nation’s capital, is the cornerstone ...
Winery planning distillery
MORROW — Valley Vineyards, which two months ago unveiled its new line of Cellar Dwellers craft beers brewed at the winery, has applied for a state license to add a microdistillery.Joe Schuchter, director of sales and marketing a third-generation member of the family that founded Valley Vineyards at 2276 E. ...
Gudorf Law group buys building in Clayton
DAYTON — Gudorf Law Group LLC said Tuesday has purchased a 7,500 square foot building at 8143 N. Main St. in Clayton near Samaritan North Hospital and the interchange of Interstate 70 and Ohio 48. The firm purchased the buildingr to allow for future expansion.The building is 16 years old ...
EMTEC hosts shale gas technology seminar
The Edison Materials Technology Center will host a short course about alternative energy technologies in the shale gas era on May 24 at the Engineers Club of Dayton.Jack Brouwer, an energy expert from the National Fuel Cell Research Center at the University of California Irvine, will present the program. His ...
Hobart owner reports lower net income, but raises forecast
Illinois Tool Works, which owns Hobart operations in Troy, reported net income of $486 million, or 98 cents per basic share, for the first quarter of 2012, below the $623 million, or $1.22 per basic share, for the same quarter in 2011.The Glenview, Ill.-based company reported total revenues of $4.55 ...
AK Steel reports nearly $12M loss
Middletown steelmaker AK Steel Corp. Tuesday reported a net loss of $11.8 million, or a loss of 11 cents per share, for the first quarter of 2012, well below net earnings of $8.7 million, or 8 cents a share, reported for the same quarter in 2011.Net sales for the quarter ...
Stories for Monday, April 23
New owner of Sweeney's Seafood plans changes
CENTERVILLE — Sweeney’s Seafood Restaurant, a fixture in downtown Centerville for 18 years, has been sold by Ron and Christine Sweeney to new owners, who will keep the restaurant’s name and are planning to expand its hours and menu offerings. Lisa Long of Springboro, the restaurant’s new co-owner and manager, ...
Third Frontier will allot start-up funds
Ohio Third Frontier Commission officials will vote Wednesday on applications for $6 million in funding for start-up companies that want to commercialize technologies developed by Ohio colleges and universities.The $6 million Tech Validation and Start-Up Fund is available for fiscal year 2012. It includes $3 million each in technology validation ...
ACCO Brands shareholders vote to increase merger with MeadWestvaco
LINCOLNSHIRE, Ill., — ACCO Brands Corp. said Monday that its shareholders overwhelmingly approved a proposal to issue the ACCO Brands common stock necessary to complete the merger of MeadWestvaco Corp. Consumer & Office Products business with a wholly owned subsidiary of ACCO Brands. The MeadWestvaco division is based in Kettering.“We ...
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