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Business Stories for July 2012
Stories for Thursday, July 26
Sales tax revenues continue to climb, reflecting a slowly rebounding economy
Sales tax collections distributed by the state in July rose in all seven counties in southwest and west-central Ohio, and registered the 26th consecutive month of year-over-year gains in Montgomery and Greene counties, according to the Montgomery County Office of Management and Budget and the Ohio Department of Taxation.Sales tax ...
Stories for Wednesday, July 25
Fannie, Freddie sued for unpaid Ohio taxes
Montgomery County Prosecutor Mathias Heck, Jr. has filed a class action lawsuit on behalf of 87 Ohio counties against the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to recover millions of dollars in unpaid property transfer taxes.The lawsuit was filed Wednesday in ...
Financial security in jeopardy for nearly a third of Americans
Long-term unemployment, stagnant wage growth and growing debt have taken a toll on the financial security of many Ohioans who are likely to be among the 28 percent of all Americans who say they are in worse financial shape now than a year ago, according to a Bankrate.com survey released ...
UDRI gets $3M for 3-D printing
The University of Dayton Research Institute on Wednesday was awarded $3 million from the Ohio Third Frontier to provide specialized materials for use in additive manufacturing, also known as 3-D printing.UDRI will work with program partners in Ohio and Minnesota to develop aircraft-engine components for GE Aviation, as well as ...
First Financial reports $17.8M quarterly income
First Financial Bancorp reported Tuesday after the market closed second quarter net income of $17.8 million.That compares to net income in the first quarter of $17 million and net income the same quarter a year ago of $16 million, according to the company.The bank’s board of directors approved a dividend ...
Lockheed-Martin gets $199 million foreign military sales contract
The Air Force has awarded Lockheed-Martin Corp. a $199.3 million contract to provide 18 F-16 fighter aircraft, with technical and equipment support, to the government of Iraq through the U.S. foreign military sales program.Under the program, the foreign government pays for all costs of the military equipment and the Defense ...
Delta, US Airways report earnings
MINNEAPOLIS (AP) — For an airline, the whole idea of fuel hedging is to protect against big run-ups in oil prices. It didn’t work out that way for Delta Air Lines Inc., a major carrier at Dayton International Airport.Delta lost $168 million, or 20 cents per share, in the second ...
Caterpillar’s profits rise 67 percent
PEORIA, Ill. (AP) — Caterpillar Inc. says its quarterly profit soared 67 percent because of strong global sales of its construction and mining equipment, so the company boosted its outlook for the year.Caterpillar said Wednesday that it generated $1.7 billion in net income, or $2.54 per share, in the second ...
Wright-Patt Credit Union building new Springfield branch
Wright-Patt Credit Union is building a new location in Springfield, an approximately $2 million investment, according to the organization.This will replace Wright-Patt’s sole Springfield location in a strip mall at 1697 N. Bechtle Ave. The new freestanding credit union branch, planned to open February 2013, will be bigger, add a ...
White Castle to build plant with room to growGovernor: ‘It will be more than’ 100 jobs
VANDALIA — White Castle broke ground Tuesday on a $22 million food processing plant for one of its fastest growing divisions, and there’s plenty of room for expansion, company and state leaders said Tuesday.The 77,879-square-foot plant to be built in the Stonequarry Crossings business park will involve 100 employees and ...
Stories for Tuesday, July 24
Monthly unemployment numbers up
The unemployment rate rose last month in most major cities and counties in the region, reversing a steady decline in local unemployment rates since the beginning of the year.Dayton’s jobless rate rose to 9.6 percent from 8.9 percent in May, according to a report Tuesday from the Ohio Department of ...
Court rejects restaurant owner’s request to get out of jail
Judges on the Ohio Second District Court of Appeals have rejected a request from Dayton restaurant owner Eva Christian to be released from prison pending her appeal.Christian, the owner of Boulevard Haus restaurant in Dayton’s Oregon District, was convicted May 22 of five felony counts — including a first-degree felony ...
Park National reports lower earnings
The parent company of Springfield’s biggest banking company reported late Monday lower earnings for the second quarter and first half of the year.Park National Corp., the Newark-based parent of Security National Bank, said it had second quarter net income of $18.9 million, down almost 35 percent from net income of ...
Stratacache opens digital menu board center
Stratacache, the Dayton-based provider of digital sign and marketing technology, on Tuesday announced the launch of its new Digital Menu Board Experience Center at its local headquarters.The 8,000-square-foot center features more than 20 current and future digital menu board (DMB) systems to provide a hands-on evaluation, comparison and testing environment ...
Kroger adding health clinics to three Dayton-area stores
Three Dayton-area Kroger stores are adding health clinics staffed by nurse practitioners.The clinics are operated by Nashville-based The Little Clinic, a subsidiary of Cincinnati-based Kroger which operates 85 clinics in Kroger-owned grocery stores in Ohio, Kentucky, Tennessee, Georgia, Colorado and Arizona.Officials from Kroger, The Little Clinic and the city of ...
Stories for Monday, July 23
McDonald’s sees income fall
DEVELOPMENTKasich to attend event for White Castle plantOhio Gov. John Kasich is expected to attend the groundbreaking Tuesday for the planned White Castle food processing facility in Vandalia. Kasich’s press office said he will be on hand for the ceremony marking the official start of construction for the 83,000-square-foot facility ...
Former RTA union leader does not change plea
In a last-minute motion, a former president of a union representing nearly 500 Greater Dayton RTA drivers and employees asked Monday to reschedule his trial instead of pleading “guilty” to a charge of stealing from the union he once led.Claude Huff had been expected Monday to change his earlier plea ...
Ram pickups, Jeep Cherokees under investigation
DETROIT (AP) — Chrysler’s two top-selling vehicles, the Ram pickup and the Jeep Grand Cherokee SUV, are under investigation by a government agency for safety problems.The rear wheels can lock up in Rams from the 2009 and 2010 model years, potentially causing crashes, while power steering fluid hoses can leak ...
Airlines raising ticket prices
DALLAS (AP) — Get ready to spend more on travel. Airlines are raising ticket prices again after a long lull that coincided with falling fuel costs.Over the weekend several big airlines matched United’s increase in base fares of up to $10 per round trip within the U.S.Fare watchers said it ...
Wright-Patt Credit Union to build new Springfield branch
Wright-Patt Credit Union will build a new location in Springfield.This will replace Wright-Patt’s sole Springfield strip mall location at 1697 N. Bechtle Ave. The new freestanding credit union branch, planned to open February 2013, will be bigger, add a drivethru and have its own parking lot, said Darrick Weeks, chief ...
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