Business Stories for November 2009
Stories for Monday, November 30
$1B ballot proposal unveiled for Third Frontier
COLUMBUS — Gov. Ted Strickland and House Speaker Armond Budish, D-Beachwood, want to put a $1 billion, five-year bond proposal on the May 2010 primary ballot to renew and expand the Third Frontier high-tech program.Not so fast, Senate President Bill Harris, R-Ashland, said on Monday, Nov. 30.Strickland and Budish are ...
Area home prices fell in third quarter, feds say
Home prices in Dayton and other Ohio cities fell in the third quarter, according to an index calculated by the Federal Housing Finance Agency.Home prices in the Dayton Metropolitan Statistical Area slipped 1.9 percent in the quarter, versus the same period in 2008, the agency reported. Based on third quarter ...
Stories for Friday, November 27
Hope peeks through gloomy news on jobs
COLUMBUS — Ohio’s jobless rate may be 10.5 percent but for the first time in a decade there’s a glimmer of hope in the state’s unemployment news, research analyst George Zeller reported on Friday, Nov. 27. During the most recent four-week period, the average number of unemployment claims statewide has ...
Stories for Wednesday, November 25
Time Warner to air ads about fee dispute with cable networks, broadcasters
Time Warner Cable Inc. will advertise in markets across the country this week in an attempt to persuade viewers that fees cable operators pay television stations and cable networks for the right to carry broadcast programming are increasing the monthly charges to cable customers. The ads on Time Warner cable ...
Stories for Tuesday, November 24
Kroger to discuss 3Q results Dec. 8
Kroger Co. will host a conference call with company officers and industry analysts at 10 a.m. Dec. 8 to talk about financial results for the third quarter of the company’s fiscal 2009.The presentation can be heard online here.Replay of the call will be available from 1 p.m. Dec. 8 through ...
Stories for Monday, November 23
18% of Ohio hospitals plan layoffs, survey shows
COLUMBUS — A new statewide survey by the Ohio Hospital Association found 18 percent of responding hospitals plan to lay off additional employees.The survey also found that of the 75 responding hospitals:• about half plan to leave future vacancies unfilled;• 39 percent plan to reduce or eliminate services;• 49 percent ...
Stories for Friday, November 20
AK Steel to raise prices for carbon steel
WEST CHESTER — AK Steel said Thursday, Nov. 19, it will increase spot market prices for its carbon steel products, effective Jan. 1.The company in a press release said it will increase base prices for hot-rolled products by $20 per ton. Base prices for cold-rolled and coated products will climb ...
State jobless rate jumps to 10.5 percent
COLUMBUS — Ohio’s unemployment rate was on the rise again in October, jumping to 10.5 percent after two months of slight decreases, the Ohio Department of Job and Family Services reported Friday, Nov. 20. It was the seventh straight month of double-digit unemployment in the state, a stretch not seen ...
Waste gas could power Middletown Works
MIDDLETOWN — A $300 million plant to be built in Middletown is projected to create 15 jobs and at least 150 temporary construction jobs while creating energy to power AK Steel’s Middletown Works.Air Products and Chemicals Inc., based in Allentown, Pa., has developed a combined cycle power generation concept to ...
Stories for Thursday, November 19
FAA: Cause of flight delays has been cleared up
DAYTON — A software problem within the Federal Aviation Administration’s system prompted flight delays at Dayton International Airport and across the nation Thursday, Nov. 19.The problem was cleared up by about 9 a.m., but some flight delays or cancellations later in the day were still possible, the FAA said. Air ...
Stories for Wednesday, November 18
Cincinnati Bell to sell cell towers for $100 million
CINCINNATI — Cincinnati Bell Inc. has agreed to sell 196 of its wireless communications towers to American Tower Corp. for $100 million, the companies said Wednesday, Nov. 18.The towers are located primarily in Ohio and Kentucky. Cincinnati Bell will lease space on all 196 towers, under the sale agreement. American ...
Report: Ohio should help companies pay for energy conservation
COLUMBUS — The state should provide financial assistance to help manufacturers pay for energy-conservation devices that could cut their costs and reduce emissions of polluting gases that contribute to global warming, the nonpartisan policy research organization Policy Matters Ohio says.In a new report, the organization concluded that manufacturers often don’t ...
Stories for Tuesday, November 17
Public retirees affected by Medical Mutual-Premier split
DAYTON — Edward and Ginger Seamon of Middletown took pride in the new Atrium Medical Center in Warren County, volunteering there regularly.But the Seamons — he a retired principal and she a retired teacher — now find themselves in a fix: After Jan. 1, should they need hospitalization, they can’t ...
Former Red Joe Morgan hopes to hit home run with new car dealership
MONROE — Former Cincinnati Reds second baseman Joe Morgan said he is hoping the economy improves next year by the time he opens his new auto dealership off Ohio 63.“We’re not going to open until next summer and we’re hoping that by then the economy will have changed a little ...
Premier workers who smoke face $500+ health care surcharge
DAYTON — Starting in 2010, Premier Health Partners will assess an annual $520 surcharge on health care benefits for employees who admit to smoking or chewing tobacco, lighting up cigars, or living in a household where others smoke. It’s unclear how many of Premier’s more than 10,000 benefit-eligible employees will ...
Ground breaks today for Honda dealership in Monroe
MONROE — A groundbreaking ceremony is set for today, Nov. 17 for Joe Morgan Honda to be built in Monroe.The dealership, which bears the name of the former Cincinnati Reds Hall of Fame second baseman who is the majority owner of the project, will be located in the Warren County ...
Stories for Monday, November 16
Some eligible Vonage consumers will receive refunds
COLUMBUS — Vonage, an Internet-based phone service, will give refunds to eligible consumers who filed complaints about Vonage between Jan. 2004 and March 16, 2010, according to a multistate settlement reached Monday, Nov. 16.Ohio Attorney General Richard Cordray signed the settlement for the state.Consumers had complained that it was nearly ...
Airport to close on-site hotel in 2010
DAYTON — Dayton International Airport will close its city-owned hotel Jan. 31, 2010, which will leave the airport without an on-site hotel for most of 2010 until a planned Holiday Inn Hotel & Suites opens by the end of 2010, the city’s aviation director said Monday, Nov. 16. The airport ...
Stories for Friday, November 13
Aeronca awarded B-1 bomber contract
Magellan Aerospace Corp. of Toronto, the parent company of Aeronca Inc., which operates a manufacturing facility in Middletown, recently received a contract from The Boeing Co. to make engine shrouds for the B-1 bomber.According to David Pugliese, who writes the Defence Watch blog for The Ottawa Citizen, Magellan reported Friday, ...
OSHA fines AK Steel $7,000
MIDDLETOWN — AK Steel Corp. has received two serious citations and was fined more than $7,000 by OSHA in connection with an incident where a worker was severely burned when he fell into a pit of hot water at Middletown Works.The Occupational Safety and Health Administration citations were issued Monday, ...
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