Business Stories for February 2013
Stories for Thursday, February 28
Magazine: Dayton No. 1 in business recruitment, expansion
Site Selection magazine and website is preparing to rank the Dayton area at No. 1 on its list of metro areas drawing new business facilities and enabling business expansions among metropolitan areas with populations of 200,000 to one million people. The annual ranking is based on research by the staff ...
Wendy’s stands by outlook amid transformation push
NEW YORK (AP) — Wendy’s is standing by its outlook for the year as it pushes ahead with restaurant remodeling plans intended to boost its image.The Dublin, Ohio, company says it will remodel 100 company-owned locations and 100 franchised locations in 2013, with the new look intended to have a ...
Kohl’s posts lower 4Q profit, issues weak guidance
MENOMONEE FALLS, Wis. (AP) — Kohl’s Corp. said Thursday that its fourth-quarter net income dropped 17 percent, as the department store chain resorted to price cuts to sell more merchandise, reducing its profitability.While the results beat Wall Street predictions, the company issued weaker than expected earnings predictions for the current ...
Foreclosures 20 percent of all Dayton home sales
Throughout 2012, homes sold while in some stage of foreclosure amounted to about 20 percent of all residential sales in the Dayton metro, according to a new report released today from RealtyTrac Inc.In other words, about 1 in 5 homes sold in the area last year — a total 2,498 ...
Amusement park operator plans private offering
Cedar Fair Thursday said it intends to do a private offering of $500 million aggregate in senior unsecured notes due in 2021.Cedar Fair, the parent company of Mason’s Kings Island, plans to use net proceeds of the offering, together with borrowings under new senior secured credit facilities and cash on ...
Motley Fool likes Teradata
Financial news web site The Motley Fool has named Teradata, which has its administrative headquarters in Miami Twp, No. 2 on its 2013 list of the best 25 companies in America.Motley Fool cites employee and client satisfaction with the company, which helps customers gather data from an array of sources ...
Stories for Wednesday, February 27
Stocks surge on housing; Dow nears record
By Steve RothwellAP Business WriterNEW YORK (AP) — The Dow came within 100 points of its all-time high Wednesday after rising sharply for a second straight day.The market surged following more evidence that the Fed will keep interest rates low, housing will keep recovering and shoppers aren’t pulling back on ...
DP&L parent warns utility still faces challenges
The parent company of Dayton Power & Light Co. reported stronger earnings Wednesday, but warned that the local utility continues to face business and regulatory challenges.“We have not realized the anticipated benefits and cost savings of the DPL acquisition, and DPL continues to face business and regulatory challenges,” The AES ...
Orders jump for key US long-lasting factory goods
By Christopher S. RugaberAP Economics WriterWASHINGTON (AP) — Orders for U.S. factory goods that signal business investment plans jumped last month by the most in more than a year, suggesting companies are confident about their business prospects.The Commerce Department said Wednesday that orders for so-called core capital goods, which include ...
Mailing company invests, prepares for future
Christine Soward, owner of Dayton Mailing Services, sees opportunity in the much-lamented move of bulk mail processing from Dayton. Last year, the U.S. Postal Service said it would close more than 223 mail processing centers nationwide, including the one in Dayton, in response to declining mail volume. Dayton’s bulk mail ...
Local doughnut shop among top 50 in U.S., magazine says
Saveur — a national magazine that focuses on food, restaurants and recipes — has named Bill’s Donut Shop in Centerville one of the “50 Finest Donut Shops in America.” Bill’s was the only doughnut shop in Ohio to be included in the magazine’s story entitled “The World’s Best Donuts: The ...
Congressman Turner to host forum on trade, taxation reform and China
Congressman Mike Turner will host a forum for business people and others on trade and taxation reform aimed at building a stronger climate for manufacturing and exporting in the Miami Valley.The forum will be Monday at 8:30 a.m. on the Sinclair Commmunity College campus in Building 12, the Ponitz Center, ...
Dunkin’ Donuts to open 13 new Dayton-area locations
Dunkin’ Donuts announced this morning it has signed a multi-unit store development agreement with an existing franchise group, Gilligan Oil Company, for 13 new restaurants throughout the greater Dayton area, with the first opening planned for 2014.According to a Dunkin’ Donuts news release, Pat Gilligan, CEO of Gilligan Oil Company, ...
Local doughnut shop named one of Top 50 in U.S.
Saveur magazine has named Bill’s Donut Shop at 268 N. Main St. in Centerville one of the “50 Finest Donut Shops in America.”Bill’s Donuts was the only doughnut shop in Ohio to be included in the magazine’s story entitled “The World’s Best Donuts: The 50 Finest Donut Shops in America,” ...
LexisNexis Smart Meeting tool wins Stevie Awards
Miami Twp.-based LexisNexis has won two national awards for its Smart Meeting product, according to a media release.LexisNexis Smart Meeting won the 2013 Gold Stevie Award for Sales and Customer Service in the Relationship Management Solution category, and the Silver Stevie Award in the Business Intelligence Solution category.Launched in July ...
Stories for Tuesday, February 26
MillerCoors supplier relocates distribution facility to Monroe
A division of Ball Corp. that supplies the Trenton MillerCoors brewery has signed a lease for space in Monroe to open a distribution facility, said officials involved with the lease deal. Ball Metal Beverage Container signed this month a lease for 165,000-square-feet at the Monroe Logistics Center, a development located ...
RadioShack may close stores or sell assets
RadioShack Corp. reported lower fourth-quarter sales and a loss for the year, and company officials said Tuesday the electronics retailer may have to close stores or sell assets if business does not pick up by next year, according to Reuters news service.The electronics retailer’s stock, which had dropped 6 percent ...
JPMorgan to cut 4,000 jobs
By Christina RexrodeAP Business WriterNEW YORK (AP) — JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff.The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through ...
Home Depot 4Q results top Street, OKs $17B buyback
By Mae Anderson and Michelle ChapmanAssociated PressNEW YORK (AP) — Home Depot Inc., the largest U.S. home improvement retailer, said Tuesday its fiscal fourth-quarter net income surged 32 percent, beating expectations, helped by strong U.S. sales and the cleanup related to Superstorm Sandy.The news follows smaller rival Lowe’s Cos. results ...
JPMorgan to trim 4,000 jobs, many in consumer bank
NEW YORK (AP) — JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff.The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through attrition, but the bank ...
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