Business Stories for December 2010
Stories for Friday, December 31
Ohio’s economy still stuck in no-growth cycle, expert says
It may be a brand new year, but state officials say Ohioans can expect the same old stagnant job market for some months to come. Officials at the Ohio Department of Job and Family Services say job losses may be bottoming out, but the recovery will continue to be weak ...
Stories for Wednesday, December 29
High stocks may mean best December since '91
NEW YORK — Stocks finished higher Wednesday as the market continued on pace for its best December in nearly 20 years.The Standard and Poor’s 500-stock index — the market measure used by most professional investors — has gained 6.7 percent this month. If it closes Friday at this level or ...
Stories for Tuesday, December 28
Obama’s adviser pick may help Ohio
President Obama’s upcoming selection of a new top economic advisor could be a double-edged sword for struggling Ohio, according to noted academic economists in the state.The replacement for Lawrence Summers could lift the Midwestern economy if Obama selects a person “who believes in open markets, in helping American companies compete ...
Stories for Friday, December 24
iFiber service still on, for now
MIDDLETOWN — Dave Hechler comes into work every morning not knowing whether his company still has Internet access, or if they’ll have to resort to cell phones to run the business.Hechler and his wife Patricia co-own Inline Label Co., a Middletown company that makes product and packaging labels for customers ...
Stories for Tuesday, December 21
Ground breaking soon for 2011 Homearama
WEST CHESTER TWP. — A ground breaking ceremony will soon be conducted in the Glenview Estates section of the Foxborough subdivision in West Chester Twp., where a Homearama premier home show will take place this summer.The ground breaking is slated for Jan. 19, according to The West Chester-Liberty Chamber Alliance.Foxborough ...
Stories for Friday, December 17
Tax bill passing relief to accountants, advisers
Passage of a massive bipartisan tax package that created so much grumbling in Washington comes as welcome news to those who prepare taxes or process payroll.President Obama signed an $858 billion tax package into law Friday. The House of Representatives passed it late Thursday.The measure extends tax rates for earners ...
Ohio jobless rate drops for eighth month
COLUMBUS— For the eighth straight month, Ohio’s unemployment rate dropped in November – to 9.8 percent – and for the first time in nearly eight years the state’s rate was not higher than the national rate, the state Department of Job and Family Services reported Friday.The national rate for November ...
Stories for Tuesday, December 14
West Chester store announces closing
WEST CHESTER TWP. — Eddie Lane’s Diamond Showroom on Tylersville Road is closing sometime in February, store officials said.A woman who answered the phone at the jewelry store declined to comment as to why it is closing. According to a store advertisement in The Pulse-Journal, there is a store closing ...
Stories for Friday, December 10
Dayton resident named COO of West Chester Hospital
WEST CHESTER TWP. — Tom Daskalakis has been tapped to serve as vice president and chief operating officer of West Chester Hospital.“Daskalakis will be replacing Interim Chief Operating Officer George Caralis and will report to West Chester Hospital President and CEO Kevin Joseph, MD,” according to a release from UC ...
Stories for Thursday, December 9
Area bakery gets $5.5M from state to create 31 jobs
Hearth Grains Bakery LLC in Springboro — working for Klosterman Baking Co. Inc. — will get more than $5.5 million from the state of Ohio for a state-of-the-art production line, the state Department of Development said. The loan is from the Ohio Enterprise Bond Fund, and the project is expected ...
Stories for Wednesday, December 8
Park National agrees to sell $5 million stake
NEWARK — Park National Corp., a financial institution with operations in Springboro and West Chester, said it has agreed to sell common stock and warrants to investors for $5 million.The agreements call for Park National (NYSE Amex: PRK) to sell an aggregate of nearly 72,000 common shares and warrants to ...
Blood center cuts 10 positions
WEST CHESTER TWP. — Community Blood Center laid off its 10 registrars Friday at its five regional branches to compensate for lower demand for blood and growing regulatory costs, a spokeswoman said.The cuts occurred at CBC branches in Dayton, Springfield, West Chester Twp., Middletown and Richmond, Ind., spokeswoman Shelby Quinlivan ...
Stories for Monday, December 6
McNeill retires from Atrium
MIDDLETOWN — Doug McNeill, called a “great leader,” announced his retirement Monday after spending nearly 20 years as the head of Middletown’s hospital.McNeill will retire at the end of the year as president and chief executive officer of Atrium Medical Center and its predecessor, Middletown Regional Hospital, according to Atrium. ...
Stories for Friday, December 3
AK Steel Foundation underwrites Steel Magnolia awards
WEST CHESTER — The AK Steel Foundation is underwriting the Steel Magnolia Awards — honoring eight women who reside in the vicinity of AK Steel’s corporate headquarters and plant operations who have overcome obstacles to make a difference in the lives of others.The awards are worth $1,000 each and will ...
Stories for Thursday, December 2
Cox Media Group Ohio makes top management changes
DAYTON – Cox Media Group Ohio, which operates the Middletown Journal, Hamilton JournalNews and Cox’s weekly newspapers, as well as WHIO-TV and WHIO Radio, on Thursday announced major management changes involving the leaders of its content operations. Julia Wallace, editor of the Atlanta Journal-Constitution newspaper since 2002, will become senior ...
Kettering shop to move to Springboro
SPRINGBORO — Another company is moving to Warren County from Montgomery County. The Tooling Zone, a manufacturing company, is moving to 275 S. Pioneer Boulevard in Springboro from 4765 Gateway Circle in Kettering, this month, officials said. Already this week, the Gem City Ballet and Pontecorvo Ballet announced they were ...
Kroger reports surge in third-quarter profits
The Kroger Co. — on the same day it officially launched its Kroger Marketplace concept store in Beavercreek — said it ended its third quarter in the black, rebounding from losses a year ago.Profits reported Thursday by the Cincinnati-based grocer were $202.2 million, or 32 cents per diluted share, meeting ...
Stories for Wednesday, December 1
November good to automakers
November was good for auto sales.General Motors Co., which co-owns the DMAX engine plant in Moraine, said its sales rose 21 percent to 168,704 vehicles when compared with November 2009. Sales were up for all its brands, the company said.Ford Motor Co. said its monthly sales jumped 24 percent in ...
Middletown steelmaker raises prices
AK Steel said Tuesday it will increase spot market base prices for all carbon flat-rolled steel products effective immediately with new orders.Base prices for carbon flat-rolled products will increase by $40 per ton, the Middletown steelmaker said. The increase is in response to product demand and production costs, the company ...
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