Business Stories for December 2012
Stories for Thursday, December 27
Use of e-books jumps
The Pew Internet Research Center released a new surveyon Thursday found the percentage of Americans aged 16 and older who read an e-book grew from 16 percent in 2011 to 23 percent this year. Readers of traditional books dropped from 72 percent to 67 percent. Overall, those reading books of ...
Homebuilders pull fewer permits towards end of year
The total number of building permits issued in November was down for the fourth consecutive month from the year before, according to the Home Builders Association of Dayton.Last month, builders pulled 114 permits for construction of single family homes, apartments and condominiums. Builders pulled 140 permits in November 2011.Year-to-date, the ...
Robbins & Myers approve merger with National Oilwell Varco
Robbins & Myers Inc., which has operations in Springfield, announced Thursday that company shareholders approved the merger of Robbins & Myers with National Oilwell Varco Inc.Based on the terms of the merger agreement, Robbins & Myers will become a wholly-owned subsidiary of National Oilwell Varco and shareholders of Robbins & ...
Fees undermine fliers’ ability to compare fares
By Joan Lowy Associated Press WASHINGTON (AP) — For many passengers, air travel is only about finding the cheapest fare. But as airlines offer a proliferating list of add-on services, from early boarding to premium seating and baggage fees, the ability to comparison-shop for the lowest total fare is eroding. ...
Home prices rise across U.S.
WASHINGTON (AP) — U.S. home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing market is improving even as it moves into the more dormant fall and ...
Stories for Wednesday, December 26
Home prices keep rising
WASHINGTON (AP) — US home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing market is improving even as it moves into the more dormant fall and ...
Holiday shopping disappoints retailers
WASHINGTON (AP) — U.S. shoppers spent cautiously this holiday season, a disappointment for retailers who slashed prices to lure people into stores and now must hope for a post-Christmas burst of spending.Sales of electronics, clothing, jewelry and home goods in the two months before Christmas increased 0.7 percent compared with ...
Business to blend art with wine, beer
CENTERVILLE — A former art teacher is poised to launch a first-of-its-kind-in-the-Dayton-area business that combines art classes with wine and beer.When it opens in the coming weeks, Raise Your Brush will serve wine and beer during hands-on art sessions held at 169 N. Main St., across from Benham’s Grove in ...
Asian restaurant to close next week after second location opens
RIVERSIDE — Linh’s Restaurant at 4770 Airway Road will close at or about the same time that its owners open the new, larger Linh’s Bistro about a mile away at 5532 Airway Road in the Page Manor Shopping Center.That move is expected to occur on Jan. 1, the restaurant’s owners ...
Stories for Monday, December 24
Audits for illegal workers rise
U.S. Immigration and Customs Enforcement reached its highest number yet of companies audited for illegal immigrants on their payrolls this past fiscal year. Audits of employer I-9 forms increased from 250 in fiscal year 2007 to more than 3,000 in 2012. From fiscal years 2009 to 2012, the total amount ...
Dayton airport traffic rises
Dayton International Airport said good momentum continues with cargo and passenger use as the year winds to a close.Passenger boardings totalled 109,341 in the month of November, up 5.9 percent from that month in 2011 when 103,233 boarded aircraft here.Total for the year to date is 1.2 million passengers, a ...
WellPoint completes acquisition of Amerigroup
Health insurer WellPoint Inc. said Monday the acquisition of Amerigroup Corp., the managed care health company, is complete.WellPoint is the parent company of Anthem Blue Cross and Blue Shield in Ohio, and first announced in July plans to buy Virginia Beach, Va.-based Amerigroup to better serve Medicaid participants. Indianapolis, Ind.-based ...
Report: Reynolds and Reynolds sale in final stages
Two private equity firms — Carlyle Group LP and KKR & Co LP — are emerging as lead contenders to take over local software company Reynolds and Reynolds, Reuters reported Monday. In October, it was learned Reynolds and Reynolds is exploring a leveraged buyout of the company, a deal that ...
Stories for Sunday, December 23
10 things you never knew about the North Pole
There's more to the North Pole than just snow and Santa. Ever since it was discovered by Robert E. Peary, Matthew Henson, and four Eskimo companions back in 1909, the North Pole has been a place of international intrigue—did you know several countries are now fighting over vast underground oil ...
Stories for Saturday, December 22
‘Daily deals’ a mixed bag for restaurant owners
While some restaurant operators gained new customers and made money on their daily deal offers, others lost money and found their regular customers taking advantage of the flash promotions, according to a study published last week by Cornell University’s Center for Hospitality Research. “One big concern for restaurant operators is ...
BBB offers tips on holiday returns and exchanges
It happens every year. Someone gets a gift he or she doesn’t like or need. It might be perfect for some, but for others it’s a return to the store. Your Better Business Bureau says make sure your familiar with the store’s policies to avoid problems with returns and exchanges. ...
Speedway, local tech firm partner for mobile app
Speedway LLC turned to a Dayton-area technology startup to take its successful customer loyalty program digital. Marxent Labs of Kettering developed the new Speedway mobile application for the Enon-based convenience store chain, which has about 1,460 stores in seven Midwest states, including Ohio. Developing the Speedway mobile app was “complex” ...
Marxent launches “tap-to-buy” catalog app
Print catalogs are leaping into the digital age through new mobile technology from Marxent Labs of Kettering. Ballard Designs, part of West Chester-based Cornerstone Brands Inc., this month launched Ballard+, a mobile application that allows users to browse and shop the retailer’s print catalog using image recognition technology. “We think ...
Stories for Friday, December 21
NewPage leaves bankruptcy protection
Miami Twp.-based paper producer NewPage Corp. said Friday it has completed its financial restructuring and has emerged from Chapter 11 bankruptcy protection.NewPage closed on its exit financing, a $500 million term loan led by Goldman Sachs Lending Partners LLC and a $350 million revolving credit line led by J.P. Morgan ...
Thor subsidiary acquires assets for $6.8M
Thor Industries, Inc., based in Jackson Center, said Friday its Champion Bus, Inc. subsidiary has purchased the bus operation assets of Federal Coach for $6.8 million in cash.Champion plans to move the assets and begin production of Federal Coach buses at its Imlay City, Mich. production facility early next year, ...
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