The Dayton law firm of Thorson, Switala, Mondock & Snead LLP will move to Miami Twp. in an early March, a firm attorney said Wednesday.
The firm’s new address will be 8997 Sprinboro Pike, said partner Gil Switala. The target date for moving is March 1, he said.
The firm has been at its current address of 130 W. Second St. since the late 1990s. In fact, Switala said he has worked his entire career downtown.
“Actually, it was a very hard decision for us,” he said. “Some of us have been working here our entire careers.”
But it has been difficult at times to bring clients downtown, Switala said. Sometimes, old “stereotypes” about the difficulty of parking downtown, for example, have been hard to shake, he said.
The firm represents those who have been injured, among other areas of practice. STAFF REPORT
EARNINGS
J.C. Penney shares rise despite wider loss
Even though J.C. Penney’s latest results show the beleaguered retailer is hardly out of the woods, investors still see reasons to cheer.
The department store chain’s shares rose 6 percent on Wednesday after it reported its seventh straight quarter of big losses that together total more than $2.4 billion. So why are investors celebrating?
The company began its big downward spiral during an ill-fated transformation strategy under former CEO Ron Johnson, who was fired in April after 17 months on the job. Now, experts say investors are encouraged that Mike Ullman, who took the top job after having led the retailer for seven years before, is beginning to stabilize the business.
Penney lost $489 million, or $1.94 per share, in the three months that ended on Nov. 2. That compares with a loss of $123 million, or 56 cents per share, a year earlier.
The company’s adjusted loss was $1.81 per share. And revenue fell 5.1 percent to $2.78 billion. That compares with the loss of $1.74 per share on revenue of $2.79 billion that analysts were expecting. ASSOCIATED PRESS
FOOD INDUSTRY
McRib won’t be available nationwide
McDonald’s, which has been struggling to keep up with a raft of new menu items, says the McRib won’t be available nationally this year.
The fast-food chain says it’s leaving it up to local franchise groups to decide whether to offer the pork sandwich, which comes with pickles, onions and barbecue sauce. That’s a change from the past three years, when McDonald’s had put the McRib on the national menu as a way to boost sales in the back half of the year.
Now the company is going back to the days when the sandwich was a regional offering.
Tyler Litchenberger, a McDonald’s spokeswoman, said the company had “other national priorities” this year, such as its new Mighty Wings. She said franchises that decided to sell the McRib have had it for the past couple of weeks. ASSOCIATED PRESS
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