Business Stories for January 2013
Stories for Tuesday, January 29
Mills to build Sidney orthopedic center
Beavercreek’s Mills Development has been selected by Orthopedic Associates of Southwest Ohio to develop and build an “Orthopedic Center of Excellence” in Sidney, the development company said Tuesday.The center’s planning and design is underway, with construction expected to start in the spring and completion this fall.The building will be about ...
Dayton to consider airborne surveillance contract
Dayton City Commission will consider a contract Wednesday with a local company for airborne surveillance services for police.Commissioners will be asked to approve a $120,000 contract with Persistent Surveillance Systems — which has operations in Beavercreek, Xenia and at Dayton’s Tech Town business park — for wide-area surveillance for the ...
Bob Evans sells Mimi’s Cafe restaurants for $50 million
NEW YORK — Bob Evans Farms Inc. said Tuesday that it agreed to sell its Mimi’s Cafe restaurant chain to LeDuff America Inc. for $50 million.Mimi’s Cafe is a French-inspired casual dining restaurant with 145 locations in 24 states, primarily in the West and Southwest.LeDuff America, based in Dallas, owns ...
Two Kettering restaurants shut down
KETTERING — The Starlite Diner & Restaurant at 4090 Wilmington Pike closed earlier this week, and Cafe Mexico at 1122 E. Dorothy Lane also has closed.Mahmut Kilic — whose family operated the Kettering diner and who also operate a second Starlite Diner & Restaurant at 2627 S. Smithville Road in ...
Still sluggish demand hurts AK Steel’s 2012 earnings
AK Steel Corp. Tuesday reported a $1 billion loss for all of last year.Last year’s results include a pre-tax pension corridor charge and noncash income tax charges. When the pension charge and tax asset valuation are excluded, AK Steel had an adjusted net loss of $64.4 million for the full ...
WesBanco earnings rise
WesBanco Inc., which has branches throughout the area, on Tuesday announced higher quarterly and full-year earnings for 2012.The Wheeling, W.Va.-based bank said fourth-quarter net income totaled $12.7 million, up nearly 19 percent from $10.6 million for the fourth quarter of 2011. Earnings per share were 46 cents as compared to ...
Illinois Tool Works 4Q earnings rise 121 percent
Illinois Tool Works, which makes Hobart food equipment in Troy, reported fourth-quarter net income of $979 million, up 121 percent from fourth-quarter 2011.Earnings per share for the quarter totaled $2.10 versus 90 cents a year ago, a jump of 135 percent.Revenue for the quarter totaled $4.2 billion, down 2.3 percent ...
Stories for Monday, January 28
Caterpillar sees uncertain 2013 after tough 4Q
By Joshua FreedAP Business WriterMINNEAPOLIS (AP) — Caterpillar said on Monday that its 2013 profit could shrink if the world’s economy doesn’t pick up in the second half of the year, as mining companies and builders remain cautious about buying new gear.The cloudy outlook for the year came as Caterpillar ...
LCNB, Park National report 2012 results
The financial holding company LCNB Corp. of Lebanon said Monday its 2012 profits from continuing operations rose about 13 percent to $8.3 million.LCNB Corp., the parent company of LCNB National Bank, had net income just for the fourth quarter of approximately $2.2 million, compared to nearly $2 million the fourth ...
Bob Evans sells Mimi’s Cafe restaurants
Bob Evans Farms Inc. on Monday said it agreed to sell the Mimi’s Cafe restaurant chain to LeDuff America Inc. for $50 million.Mimi’s Cafe is a French-inspired casual dining restaurant with 145 locations in 24 states, primarily in the West and Southwest.LDA, headquartered in Dallas, Texas, owns and operates a ...
Ohio newspaper changes format, another to follow
In a move closely watched by the newspaper industry, the Columbus Dispatch on Monday launched its re-sized and redesigned daily newspaper in a tabloid format.The Cincinnati Enquirer is expected to change to a similar size sometime soon after more than 170 years in broadsheet format.The new Dispatch is about 60 ...
Frontier Airlines announces Cincinnati service
Frontier Airlines today announced new nonstop service between its hub at Denver International Airport and Cincinnati/Northern Kentucky International Airport.This new service, with connections to 19 destinations beyond Denver, will start May 17. Frontier’s first flight from Denver will arrive at CVG the evening of May 16.CVG is proud to offer ...
Projects expected to create 116 jobs
An industrial door springs manufacturer may soon take over a vacant Piqua industrial site after Ohio officials approved a tax credit for the company Monday, Piqua’s economic development director said.Industrial Door Co. Inc. make take over a 46,000-square-foot building at 9200 N. County Club Drive, a site that has been ...
Good Eats! West Carrollton mainstay serving up empanadas as vibrant as the countries they represent
Not every empanada is made the same and that’s just the way Bill Castro likes it.“These wonderful pastries are wonderfully unique based on the (country of) origin,” said Castro, the general manager of his family’s restaurant, El Meson Restaurant in West Carrollton. “Not only do the variety of fillings change, ...
Local roofing company cited in worker’s death
The U.S. Department of Labor’s Occupational Safety and Health Administration has cited A.H. Sturgill Roofing Inc. for two alleged safety violations after a worker died Aug. 22 from complications caused by heat stroke. The 60-year-old temporary worker sustained heat stroke while working in direct sunlight on a commercial flat roof, ...
Dayton’s oldest pharmacy closing
Ridgway Pharmacy, which bills itself as Dayton’s oldest pharmacy, will have its last day of business Tuesday, said Owner Karen Ridgway Tracy.The third-generation pharmacy, located at 3101 E. Third St., Dayton, is closing so Ridgway Tracy can spend more time at home with her family.Patient prescriptions have been sold and ...
AK Steel leadership changes
Gregory Hoffbauer has been elected controller and chief accounting officer of AK Steel Corp. effective Feb. 8, the company said in a U.S. Securities and Exchange Commission notice filed Friday.Hoffbauer joined the company and was named assistant controller in January 2011, the Butler County steelmaker said. Before that, he worked ...
LawnBott of Dayton to debut at Miami Valley Homeworld
Kyodo America Industries Co. announced its first LawnBott dealer in the Dayton region.LawnBott of Dayton will debut the LawnBott robotic lawn mowers at Miami Valley Homeworld 2013, held Feb. 1-3 and 8-10 at the Airport Expo Center, according to a media release.LawnBott is a line of robotic mowers that can ...
50-year-old restaurant to call it quits, citing poor economy, rising costs
The owners of The Grub Steak, which has been in business for 50 years, announced Sunday that the restaurant will close on Feb. 23. The restaurant was a fixture on North Main Street in Dayton for decades before moving to 2098 South Alex Road near Ohio 725 in 2008. In ...
Ribbon-cutting set for new Washington Twp. culinary shop
WASHINGTON TWP., Montgomery County — A new business called Miami Valley Spice Traders has opened at 1513 Lyons Road at Yankee Street in the same retail shopping center that includes Drug Mart.The business, owned by Brian and Heather Rayburn of Harrison Twp., sells a variety of spices, more than 20 ...
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