Business Stories for December 2012
Stories for Monday, December 31
Kettering Health Network executive gets new job
A former Kettering Health Network executive has been named chief executive of a physician medical group in Illinois.Howard Drenth has been named CEO of the Presence Medical Group effective Jan. 7. Presence Medical Group has more 320 physician members in more than 90 locations throughout Illinois. It was created by ...
LodgeNet filing for bankruptcy protection
NEW YORK (AP) — LodgeNet Investment Corp. says it is filing for Chapter 11 bankruptcy protection and will be acquired by investment firm Colony Capital.LodgeNet provides video, Internet and advertising services to the lodging and health care sectors, and the company said Monday that it will operate during the expedited ...
Company to move corrugated plant to Lebanon
A packaging company with Cincinnati area operations has bought a plant in Lebanon, with plans to relocate to Warren County over the first quarter. Green Bay Packaging Inc. said it bought the 269,000-square-foot facility, 28-acre property at 760 Kingsview Dr., to replace its current facilities at 7660 School Road in ...
Englewood shopping plaza sold
An Englewood shopping center has been sold, according to Montgomery County property records.The Northmont Plaza, 604 Taywood Road, was sold last week for $3.15 million from Northmont Plaza LLC to Northmont Plaza Associates LLC, of Baltimore, Md.The shopping center on nearly 15 ares of land has some 132,000 square feet ...
Stories for Sunday, December 30
Springfield pizza business reopens on Bechtle
Papa Murphy’s Springfield location is reopening less than two months after closing and losing all its workers. The pizza chain, at 1930 N. Bechtle Ave., is taking applications to staff the restaurant, which will reopen Sunday . “It reopens with a new owner, new management and new staff,” said Mike ...
FedEx Ground project on schedule for July opening
The FedEx Ground project in Lebanon is about halfway complete, with the sort and distribution facility on schedule for a July opening, FedEx said. FedEx is building a new $15 million distribution center in the industrial park Lebanon Commerce Center, off Henkle Drive, to meet growing demand for services in ...
Engineering firm establishes new home
Engineering and design firm LJB Inc. works on everything from the U.S. Supreme Court’s roof to a kitchen at the Lebanon Correctional Institution to Benner Road in Miamisburg.But the company is firmly anchored in its newly renovated home at 2500 Newmark Drive, and Mark Thompson, the company’s chief executive, would ...
Gift cards too often go unused, survey says
Did you receive a gift card as a holiday gift? Use it, or donate it, or convert it into cash — but for crying out loud, don’t just let it languish, as entirely too many folks do. RetailMeNot.com, which describes itself as the largest online coupon site in the United ...
Stories for Friday, December 28
Want to be a smarter consumer in 2013? Here’s how
With the new year two days away, it’s never too late to prepare yourself to be a better consumer in 2013. The new year brings new challenges, including ways con artists are trying to separate you from your money. Your Better Business Bureau offers tips to keep you safe and ...
Local unemployment little changed from October to November
Unemployment rates across the Dayton metro region in November came up by a tenth of 1 percent from October, as increases in holiday hiring were countered by decreases in employment in other industry sectors, said Ohio Department of Job and Family Services on Friday.The Dayton metro region of Greene, Miami, ...
Economy cuts into Champagne sales in France, but not in U.S.
By Lori HinnantAssociated PressPARIS (AP) — Europeans are finding fewer reasons to pop open a bottle of Champagne as another year of economic troubles and high unemployment saps the region’s appetite for the finer things. But while the latest industry figures show that sales might be on the wane in ...
Opposed to same-sex marriage, company ends wedding business
By Erin CoxThe Baltimore Sun(MCT)An Annapolis, Md., company whose old-fashioned trolleys are iconic in the city’s wedding scene has abandoned the nuptial industry rather than serve same-sex couples.The owner of Discover Annapolis Tours said he decided to walk away from $50,000 in annual revenue instead of compromising his Christian convictions ...
Oil drillers turn to trains to haul products
By Josh Funkand Matthew BrownAssociated PressBILLINGS, Mont. (AP) — Energy companies behind the oil boom on the Northern Plains are increasingly turning to an industrial-age workhorse — the locomotive — to move their crude to refineries across the U.S., as plans for new pipelines stall and existing lines can’t keep ...
Fewer bank failures point to stronger economy
By Marcy GordonAP Business WriterWASHINGTON (AP) — U.S. banks are ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They’re helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.As the economy ...
Bank failures fall
WASHINGTON (AP) — U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They’re helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.As the economy heals from the ...
Local unemployment little changed from October to November
Unemployment rates across the Dayton metro region in November came up by less than a tenth of 1 percent from October, as increases in retail hiring were countered by decreases in employment in other industry sectors, said Ohio Department of Job and Family Services on Friday.The Dayton metro region of ...
Hobby Lobby plans to defy federal mandate
WASHINGTON (AP) — An attorney for Hobby Lobby Stores said Thursday that the arts and crafts chain plans to defy a federal mandate requiring it to offer employees health coverage that includes access to the morning-after pill, despite risking potential fines of up to $1.3 million per day. Hobby Lobby ...
Pending home sales continue to rise
The number of single-family homes and condominiums put under agreement in November rose for the 19th consecutive month compared to the results from the prior year, a real estate trade association said Friday.Ohio’s November Pending Home Sales Index of 154.9, a forward-looking indicator based on contract signings, rose 14 percent ...
Small businesses had hopes for holiday surge/Some retailers feel late-season pinch, while others finishing strong
A week before Christmas, December sales at Patti’s Cards & Gifts in Middletown were comfortably ahead of last year’s pace, and store co-owner Bruce Robe was confident the business was poised to wrap up a successful holiday shopping season.“Then it got slow,” Robe said.By Christmas, sales were lagging behind last ...
Stories for Thursday, December 27
Consumer confidence tumbles
WASHINGTON (AP) — U.S. consumer confidence tumbled in December, driven lower by fears of sharp tax increases and government spending cuts set to take effect next week.The Conference Board said Thursday that its consumer confidence index fell this month to 65.1, down from 71.5 in November. That’s second straight decline ...
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