Business Stories for April 2012
Stories for Monday, April 23
3 economic development groups in Ohio among nation’s best, report says
Site Selection magazine has named three economic development organizations in Ohio as among the best in the nation.The magazine on Monday awarded honorable mentions to the Wayne County EDC in Wooster, Columbus 2020 and the Cincinnati USA Partnership.Local economic groups were first ranked according to new jobs, new jobs per ...
Bon-Ton touts Goodwill sale results
Bon-Ton, the parent company of Elder-Beerman department stores, said Monday it collected nearly three million pounds of clothing and textiles during its most recent Goodwill sale.The donations have an estimated value of $17 million. Goodwill Industries International will sell the donated clothing and the like in its stores, and the ...
Teradata announces private cloud capabilities
Teradata on Monday announced new private cloud computing capabilities to help companies make better use of processing power on virtualized servers.Currently, many companies that adopt virtualization only use about 25 percent of the available processing power of virtualized servers. Teradata Active Data Warehouses (ADW) provide customers with 90 to 100 ...
Stories for Saturday, April 21
Weeds flourishing at once-proud Kettering restaurant
When a bank forecloses on a property — for example, when LCNB National Bank recently foreclosed upon l’Auberge and became the property’s owner after the restaurant closed — what responsibility does a bank have to maintain that property? A Kettering property-maintenance inspector filed a complaint Thursday about the weeds and ...
6 tips to keep you safe from Nigerian money scams
Everyone dreams of being a millionaire someday. And, with the help of a scam artist from Nigeria or another foreign country, they can make sure you are or will they?They claim all you have to do is wire funds or provide personal information. But, this is another case of if ...
AK Steel supplier boom creating jobs
MIDDLETOWN — A burst of business on Yankee Road is estimated to create hundreds of new jobs and more than $568 million in new investment over the next three years, according to city and company officials.About 10 companies, many suppliers to AK Steel Corp., have expanded in the last year ...
Champaign County to get over 50 wind turbines
Ohio ranks fourth among all states in number of jobs linked to the wind turbine energy business with 5,000 to 6,000 people employed, a new survey from industry advocate American Wind Energy Association says.The report comes as a project to build at least 54 wind turbines in Champaign County — ...
Companies block streaming sites to free more bandwidth
More companies are blocking or limiting workers’ access to entertainment sites on company data networks to maintain space for critical business functions.Cincinnati-based Procter & Gamble this month shut down access for its 129,000 employees to the streaming music service Pandora and the movie site Netflix.The company discovered P&G employees were ...
Stories for Friday, April 20
SR reports $5M loss for quarter
Two weeks away from its centennial, Standard Register on Friday reported a net quarterly loss of $5.1 million, and company leaders said they expect employee pension obligations to reach $27 million this year.Those pension obligations will grow to $37 million next year and $47 million in 2014, said Joe Morgan, ...
AFMC chief of staff promoted to Pentagon job
WRIGHT-PATTERSON AIR FORCE BASE — Col. Allen J. Jamerson, chief of staff for the Air Force Materiel Command since June 2010, has been approved for a promotion to the Pentagon, the Air Force said Friday.Jamerson, whose promotion to brigadier general is effective on May 2, will serve at the Air ...
Health jobs grow in Cincinnati region
Hospitals in the Cincinnati region had more than 3,500 job openings at the end of 2011, a 26 percent increase from 2010, according to the newest annual vacancy report by Greater Cincinnati Health Council released Wednesday.Total hospital jobs, including existing workers and job openings, increased in 2011 to more than ...
Standard Register loses $5.1M in a quarter
Standard Register lost more than $5.1 million, or 18 cents per basic and diluted share, in the first quarter of 2012, down from the $428,000, or penny a share, the company earned in the same quarter last year.Revenue was down slightly, at about $157.6 million in the 13 weeks that ...
Ohio jobless rate dips for 8th straight month
Job growth — not discouraged workers giving up on their job searches — pushed unemployment in Ohio down for the eighth straight month in March. The rate dipped to 7.5 percent last month from 7.6 percent in February, the Ohio Department of Job and Family Services reported Friday. The March ...
Stories for Thursday, April 19
Area home sales up 16%
DAYTON — Home sales for March showed more concrete evidence of a recovering market, with higher sales corresponding with higher sale prices, according to Dayton Area Board of Realtors.Last month’s numbers helped give the Dayton metro area its best first quarter for home sales since 2008, the group said.The figures ...
Ohio's film industry makes positive strides
COLUMBUS — Ohio’s film industry has created more than 9,000 temporary jobs and 1,143 full-time equivalent jobs since 2009, according to a report released this week.The study by the Center for Economic Development at Cleveland State University found Ohio’s economy makes $1.20 for every dollar film companies receive in state ...
Pointe Oakwood plan adds 20 condos
OAKWOOD — The latest addition to the evolving Pointe Oakwood/Sugar Camp development is 20 condominium units in four separate buildings at Far Hills and West Schantz avenues.The city planning commission recommended approval of the second major addition to the project in two months. An assisted living facility on the northern ...
Consulting firm to create business plan for Fairborn
FAIRBORN — The city of Fairborn has taken another step in its efforts to make an economic impact in the region.City Council approved a resolution earlier this week awarding a $20,440 contract to Michael Herrlein & Associates in order for the consulting firm to help create a business plan for ...
First Financial adds commercial banking VPs
First Financial Bank has added two new commercial banking vice presidents in the Dayton market to increase its presence.Jon Waldo started March 1 as assistant vice president and commercial relationship manager. Matt Michael started April 1 as vice president and commercial relationship manager, First Financial said Thursday.“We feel that both ...
Local home sales climb 16 percent
Sales of single-family homes and condominiums in the Dayton area climbed nearly 16 percent last month when compared with March 2011, and 36 percent from February, the Dayton Area Board of Realtors said Thursday.The organization said 932 homes and condos were sold in March, compared with 805 in March 2011.Total ...
Brazilian air force returning at 2012 Dayton Air Show
DAYTON — The Brazilian air force’s “Smoke Squadron,” a precision flying team whose airplanes trail smoke during their aerial routines, will return to the Dayton Air Show in 2012, air show officials said Thursday.The Dayton Air Show is scheduled July 7-8 at Dayton International Airport.The Brazilian aviators will travel to ...
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