Business Stories for December 2012
Stories for Friday, December 21
Dayton hotel sold
A Comfort Inn on Miller Lane was recently sold, county records indicateHeritage Inn of Dayton Inc. sold the Comfort Inn at 7125 Miller Lane to Virtoej Gill LLC earlier this month for $1.85 million, according to Montgomery County records.Virtoej Gill LLC is a hotel operator based in Wahpeton, N.D. The ...
Huffman Block awarded $3.3M tax credit
The Ohio Development Services Agency has awarded a $3.3 million state Historic Preservation Tax Credit to rehabilitate the Huffman Block, also known as the David Building, at 115 E. Third St. in Dayton.The rehabilitation of the structure into the Lux-Lofts Apartments will create 125 construction jobs, state officials said in ...
Park National has new CFO
Park National Corp.’s chief financial officer has retired earlier than previously announced, the bank said.It was announced earlier this year that John Kozak would retire in 2013. He has retired as of Dec. 19.Chief Accounting Officer Brady Burt succeeds Kozak as CFO.Accounting Vice President Matthew Miller becomes chief accounting officer, ...
GE to buy Avio for $4.3B
GE to buy aviation unit of Italy’s Avio for $4.3B FAIRFIELD, Conn. (AP) — Industrial conglomerate General Electric plans to buy the aviation business of Italian manufacturer Avio for $4.3 billion to grow its jet propulsion business and strengthen its supply chain. The Fairfield, Conn., company said Friday that it ...
Stories for Thursday, December 20
Coalition helps secure pledges of nearly 2,600 new jobs
The Dayton Development Coalition ended 2012 with pledges from companies to create more than 2,600 new jobs and retain nearly 4,000 jobs in its 14-county region, according to a presentation the coalition recently gave the Ohio County Commissioners Association. Those numbers — which a coalition executive calls “realistic and conservative” ...
Olive Garden, Red Lobster parent retooling strategy
NEW YORK (AP) — After new ad campaigns touting the quality of its food failed to boost sales, the parent company of Olive Garden and Red Lobster is retooling its strategy to focus on promotional deals to attract diners. The shift comes after Darden Restaurants Inc. earlier this fall moved ...
Standard Register partners with Ohio hospital
Dayton-based Standard Register Co. has partnered with Knox Community Hospital of Mount Vernon, Ohio, to design an electronic document management system for the hospital. The system will drive standardization, and manage document content and work flows, company officials said in a media release. Standard Register Healthcare consolidated, standardized and migrated ...
November home sales rise 22 percent
November home sales in the Dayton area showed another month of double digit gains, 22 percent, putting a strong finish on an already strong year for the local housing market.Real estate agents and homeowners sold 894 single-family homes and condominiums last month in the Dayton area, which includes Montgomery, Greene ...
Stories for Wednesday, December 19
Kodak sells patents, gets closer to leaving bankruptcy
Eastman Kodak Co. said Wednesday it has sold its digital imaging patents for about $525 million — a move the company hopes will speed its journey through bankruptcy. Part of that money will be paid by 12 intellectual property licensees organized by Intellectual Ventures and RPX Corp., with each licensee ...
Lima company buys firm with local presence
American Trim, a Lima, Ohio-based metal components supplier, has agreed to acquire Angell-Demmel North America, which has a design facility in Dayton, American Trim said Wednesday.Angell-Demmel, a provider of metal automotive trim parts, also has a manufacturing facility in Lebanon, Ky.Terms of the acquisition were not disclosed.“This acquisition is an ...
Soda maker to introduce 10-calorie drinks
NEW YORK (AP) — When it comes to the calories in diet soda, Dr Pepper thinks 10 is the new zero.Starting next month, the country’s No. 3 soft drink company plans to roll out 10-calorie versions of five of its big biggest soda brands: 7-Up, Sunkist, Canada Dry, RC Cola ...
GM to buy back 200M shares from government
DETROIT (AP) — The Treasury plans to sell its remaining stake in General Motors over the next 15 months, allowing the automaker to shed the stigma of being partly owned by the U.S. government.GM said Wednesday it will spend $5.5 billion to buy back 200 million shares from the Treasury ...
Clothes That Work executive director exits
Clothes That Work officials announced Wednesday that Executive Director Lindsay Ackley is stepping down to accept a position at the Children’s Medical Center of Dayton.Clothes That Work, located at the Job Center in Dayton, is a nonprofit that provides apparel and support to job seekers.In a statement, board of directors ...
Kodak sells patents for $525M
Bankrupt Eastman Kodak Co. says it has sold its digital imaging patents for about $525 million.Part of that money will be paid by 12 intellectual property licensees organized by Intellectual Ventures and RPX Corp., with each licensee receiving rights to the digital imaging patent portfolio and other Kodak patents, the ...
Stories for Tuesday, December 18
State: Refund checks on way to possibly 11K companies
Thousands of Ohio businesses are due a tax refund. Ohio government is starting to return nearly $14 million to 3,500 Ohio businesses who “unknowingly overpaid” their commercial activity tax, Gov. John Kasich’s office said Tuesday. Kasich’s office said the state now will notify a business when it has overpaid and ...
Homebuilder confidence growing
LOS ANGELES (AP) — Confidence among U.S. homebuilders inched upward this month to the highest level in more than six and a half years as builders reported the best market for newly built homes since the housing boom.The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday increased ...
Fifth Third to do fourth stock buyback this year
Fifth Third Bancorp has reached an agreement with Credit Suisse International to buyback $100 million worth of its outstanding common stock, the bank said in a filing made Monday with the U.S. Securities and Exchange Commission.The agreement is part of a previously announced stock repurchase program.This is one of several ...
Duke Energy appoints new president of Ohio operations
Duke Energy has appointed a new president of its Ohio operations as part of a management shake-up following its merger with Progress Energy.Duke provides power to much of southwest Ohio, including Warren and Butler counties. All changes are effective immediately, except where noted.Jim Henning will be state president of Duke ...
Stories for Monday, December 17
Austin Landing developer brings in investors
Developer RG Properties has brought in new investors for the company’s work at Austin Landing.The Dayton-Montgomery County Port Authority on Monday updated legal language governing bonds the port authority facilitated for Austin Landing, a mixed-used office and retail development near the new interchange of Interstate 75 and Austin Boulevard.That updated ...
Caribou Coffee being taken private in $340M deal
MINNEAPOLIS (AP) — Caribou Coffee is being taken private by a German holding company in a deal valued at about $340 million.The coffee chain, which has 610 locations in the U.S. and overseas, said Monday that it will continue to operate as an independent company with its own brand and ...
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}