Business Stories for October 2012
Stories for Friday, October 26
Dayton area among top metros for home price gains in August, service says
The Dayton metro area showed some of the strongest gains in home prices in the nation in August, according to a Florida firm that tracks home prices.Lending Processing Services Inc. identified the Dayton metro area as among the top 10 metro areas in the nation for home price increase in ...
First Financial reports higher earnings, announces stock buyback
First Financial Bancorp has reported quarterly earnings and said it plans to do a stock buyback and continues to implement cost cuts.Third-quarter net income was $16.2 million, First Financial said, lower than second-quarter earnings of $17.8 million; but higher than year-ago profits of $15.6 million, the bank said.Along with earnings, ...
Toyota widens sales lead over GM
DETROIT (AP) — Toyota has widened its global sales lead over General Motors because its factories have recovered from last year’s earthquake.The Japanese automaker says it sold 7.4 million vehicles around the world through September, up 28 percent from a year earlier. That’s 450,000 more than General Motors, which says ...
Standard Register reports loss, but strong ‘underlying operating performance’
Standard Register Friday reported a net loss of $2.6 million, of 9 cents per share, for the third quarter of 2012, compared to net income of nearly $8.4 million in net income for the same quarter in 2011.For the 39 weeks that ended Sept. 30, 2012, the company reported a ...
Stories for Thursday, October 25
CEO: Distribution site could employ 300
Earlier this year, Carter Logistics predicted 100 employees would work at its new Stonequarry Crossings distribution hub.But since the hub started operating in May, its workforce has grown to 146 employees, John Paugh, Carter Logistics president and chief executive, said Thursday.And the site — dubbed a “cross dock” for the ...
September pending home sales rise
An state index of pending home sales rose in September, a sign more home sales will close this month, the Ohio Association of Realtors said Thursday.The index last month was 128.5, which rose 12.2 percent from the index level of 114.5 in September 2011, the state realtors group said.An index ...
New Planet Fitness center to open in Washington Park Plaza
WASHINGTON TWP., Montgomery County — A new 23,000-square-foot Planet Fitness center is scheduled to open on Jan. 1 at 705 Lyons Road in the Washington Park Plaza, and the health club’s franchise owner said today that he’d like to open three or four more fitness centers in the Dayton area ...
New Family Dollar store coming to Huber Heights
Family Dollar is expected to start building an 8,300-square-foot store on Brandt Pike in Huber Heights within the next month, according to city officials.The store will employ eight to 10 people and it is projected to open in mid-2013, the second Family Dollar store to open in Huber Heights in ...
P&G’s net income falls, but company still beats expectations
CINCINNATI (AP) — Procter & Gamble said Thursday that its fiscal first quarter net income fell 7 percent, as costs related to restructuring and the stronger dollar weighed on results. But the world’s largest consumer products maker’s adjusted results beat expectations on Wall Street, as it cut costs, made market ...
Forum to address future of robotic surgery, aircraft
Local industry leaders will discuss the current and future state of surgical and aerospace robotics at a Nov. 7 conference at the Engineers Club of Dayton.The interactive forum will address such topics as how surgical robots and remotely piloted aircraft enhance surgeons’ and pilots’ abilities to accomplish their respective goals, ...
Stories for Wednesday, October 24
UD center seek part of $960M in efficiency contracts
The University of Dayton Center for Competitive Change has partnered with a 12-team consortium to compete for up to $960 million in contracts to find ways to make the Air Force and the Defense Department more efficient, authorities said.The center will focus on cutting costs in housing, dining facilities, accounting ...
US Airways reports best-ever quarterly profit
DALLAS (AP) — US Airways made its best profit ever for the 3-month stretch that covers much of the peak summer vacation season.Net income for the third quarter totaled $245 million, or $1.24 per share, compared with $76 million, or 41 cents per share, a year earlier, the airline said ...
Delta’s profit nearly doubles.
NEW YORK (AP) — Delta Air Lines said Wednesday that its third-quarter profit nearly doubled mostly due to the increasing value of its fuel contracts.The world’s second-largest airline earned $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a year earlier. Excluding one-time items, it earned ...
New microdistillery in the works next to Coco’s Bistro
DAYTON — A micro-distillery and tasting room tentatively called Branch Water Bourbon is in the works for 300 Warren St., next to the new Coco’s Bistro location.The project is still in its infancy, and there is no timeline or target date yet for the microdistillery’s opening, according to Benjamin R. ...
LaRosa’s Pizzeria seeks to expand to Columbus
Cincinnati-based LaRosa’s Pizzeria — which operates 65 restaurants in the Cincinnati, Dayton, Northern Kentucky and Southeastern Indiana areas — is gearing up to expand to the Columbus area, the company announced Wednesday morning.The regional pizza chain intends to recruit potential franchise partners “who are experienced entrepreneurs with demonstrated success in ...
Gas prices hovering near $3 a gallon
There appears to be relief at the gas pump as prices are falling below $3 per gallon in some areas. The lowest spotted in Southwest Ohio as reported to the gasbuddy.com analysts is $2.99 per gallon at three gas stations in Butler County. Montgomery County’s lowest price reported is $3.07 ...
Stories for Tuesday, October 23
Stocks sink as DuPont, Xerox, 3M scare investors
By CHRISTINA REXRODEAssociated PressNobody was expecting this round of corporate financial reports to be great. But underwhelming results — particularly revenue, which offers a read on the economy — are still rattling investors.The Dow Jones industrial average plunged Tuesday to its lowest level in nearly seven weeks. Big-name companies reported ...
Local unemployment drops
Unemployment fell across the Miami Valley last month, continuing a long-term trend in which the average jobless rate for the region dropped to 6.3 percent from 8.2 percent over the past 12 months, based on figures released Tuesday by the Ohio Department of Job and Family Services.In Montgomery County, the ...
Coating company would bring 25 to 100 jobs
A high-tech film coating company would create 25 to 100 jobs in coming years at a former Mead facility in southern Montgomery County, according to a plan underlying a grant application approved Tuesday by the Miami Twp. trustees. The company, M Digital, is working with Megix, owners of the eight-building, ...
Kroger looks to hire 300 for new Austin store
The Kroger Co. is looking for 300 workers for its new Austin Boulevard store. The grocer will have a career fair at the Wyndham Garden South Hotel, 31 Prestige Plaza Drive, Miamisburg, from 9 a.m. to 3 p.m. Friday and Saturday, the company said. “Hiring for several interesting and exciting ...
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