Business Stories for November 2011
Stories for Tuesday, November 29
American Airlines, parent company file for bankruptcy
AMR Corp., the parent of American Airlines Inc., filed on Tuesday for U.S. Bankruptcy Court protection from creditors as the company reorganizes its finances and tries to reduce its debt and operating costs.The bankruptcy filing will not affect American’s daily operations or its AAdvantage frequent flyer program, the company said. ...
Stories for Sunday, November 27
Number of blue-collar job openings expected to grow
Thanks to retirements, blue-collar fields such as manufacturing and construction will have the largest number of expected job openings in the next seven years, outpacing other fields such science, technology and even health care, according to a recent Georgetown University study.But there’s growing concern that many of those openings could ...
Stories for Saturday, November 26
Local firms lose out on $82M contract
The company that won one of the largest local contracts at Wright-Patterson Air Force Base this year did so under a program that federal regulators have worried gives an unfair advantage to some companies and is wrought with fraud, a Dayton Daily News investigation has found.The contract has a price ...
Malls holding their own against lifestyle centers, outlet malls
It’s been nearly 20 years since a new enclosed mall has opened in the Dayton area. But the notion that lifestyle and outlet centers have hastened the death of enclosed malls is false, a shopping center industry official said. While it’s true that far more lifestyle centers such as The ...
Do your homework before signing on to layaway plans
Layaway is beneficial to many with tight budgets searching for alternatives to credit. With a modest deposit and monthly payments, layaway offers shoppers affordable solutions to purchasing merchandise, such as electronics, toys and jewelry.You can take advantage of layaway through retailers in-store or online. With online layaway services, you select ...
Stories for Friday, November 25
Forecasts of 600,000 holiday jobs offer many hope
Recent forecasts indicate U.S. retailers might hire more than 600,000 seasonal workers this holiday season, offering hope to throngs of displaced workers who can’t find full-time jobs or are working reduced hours.Last year, an average of 255,000 Ohioans worked part time for economic reasons, up more than 1,000 percent from ...
Stories for Tuesday, November 22
State: Duke’s power rate plan should benefit consumers
COLUMBUS — A Duke Energy Ohio electric rate plan that received state approval Tuesday should save business and residential consumers money by encouraging market competition in rates, Ohio regulators said.The Public Utilities Commission of Ohio approved the plan, which will set electric rates for Duke customers from Jan. 1, 2012, ...
Dayton unemployment rate drops for the third consecutive month
COLUMBUS — Unemployment rates dropped slightly in October for both Dayton and Montgomery County, the Ohio Department of Job and Family Services reported Tuesday.The Dayton rate dropped for the third straight month, to 10.6 percent, down from 10.7 percent in September, 10.9 percent in August and 11.7 percent in July.The ...
Path cleared for DPL-AES merger
DAYTON — The Public Utilities Commission of Ohio on Tuesday approved the $3.5 billion merger of DPL Inc. and Virginia-based AES Corp., giving the last regulatory approval that had been needed for the transaction to take place.The merger will make DPL and its Dayton Power and Light Co. subsidiary part ...
New power rate plan should benefit Duke consumers, state says
COLUMBUS — A Duke Energy Ohio electric rate plan that received state approval Tuesday should save business and residential consumers money by encouraging market competition in rates, Ohio regulators said.The Public Utilities Commission of Ohio approved the plan, which will set electric rates for Duke customers from Jan. 1, 2012, ...
Springboro manufacturer to lay off 77
A Springboro company that already has 97 laid-off workers will lay off another 77 next year, leaving about only 20 local workers and an uncertain future. Battery manufacturer Ovonic Energy Products Inc. is retooling its production line to make a different kind of battery and is laying off employees while ...
Stories for Saturday, November 19
Layaway a popular option for holiday shoppers this year
DAYTON — Increased customer demand and tighter budgets have brought back layaway in a big way this year.Layaway, which allows consumers to set aside items in stores and pay for them in installments, is available at such retailers as Walmart, Toys ‘R’ Us, Best Buy, Sears, Kmart, Burlington Coat Factory, ...
Convenience stores replacing gas stations
SPRINGBORO — About seven months ago, Joe Davis stopped selling gasoline at his Sunoco station, Pro Automotive, because he could not turn a profit with the fluctuating fuel prices and other costs.His decision not only closed a chapter of three generations of his family in the gas station business. It ...
Stories for Wednesday, November 16
Dayton airport offers 'reward miles' for on-site parking
DAYTON — Dayton International Airport is offering travelers extra “reward miles” if they register with the Thanks Again network and park in airport lots.From now through Jan. 15, travelers who use registered debit and credit cards for parking at the Dayton airport will be rewarded with double miles from an ...
Stories for Tuesday, November 15
AirTran adds nonstop flight to Denver
DAYTON — AirTran Airways’ decision to offer new nonstop service between Dayton International Airport and Denver starting in June 2012 could provide links to connecting flights with the West Coast through AirTran’s owner, Southwest Airlines, Dayton’s director of aviation said Tuesday.As Southwest and AirTran continue meshing their flight networks, connections ...
Dayton airport to get additional nonstop to Denver in 2012
DAYTON — AirTran Airways’ decision to offer new nonstop service between Dayton International Airport and Denver starting in June 2012 could provide links to connecting flights with the West Coast through AirTran’s owner, Southwest Airlines, Dayton’s director of aviation said Tuesday. As Southwest and AirTran continue meshing their flight networks, ...
Stories for Monday, November 14
Small business seminars set for Cincinnati, Wilmington
CINCINNATI — Sen. Sherrod Brown, D-Ohio, will be hosting small business seminars on Tuesday in Cincinnati and Wilmington.Small business owners seeking to grow their businesses can learn what resources are available through the federal government such as financing through the Small Business Administration, new tax incentives, and increasing export sales.Topics ...
Committee seeks answers in Delphi pensions hearing
DAYTON — The U.S. House of Representatives Committee on Oversight and Government Reform demanded answers in a local hearing Monday on why pensions for salaried retirees of Delphi were treated differently than pensions for other company retirees.At issue is the fact that salaried Delphi retirees saw cut their pensions cut ...
Stories for Saturday, November 12
Internet auctions can be hotbed for scammers
Internet auctions, such as Craigslist and eBay, advertise various items for sale. Once you’ve found the desired item, you bid on it and, if you win the bid, arrange payment and product delivery with the seller. Once payments are received, the merchandise is sent to you.Unfortunately, online auctions are also ...
SBA, banks seek balance to loans for small business
DAYTON — What small businesses need, and what they get, aren’t always the same thing.U.S. Small Business Administration officers say they know this. Several were in Dayton last week to talk with banking representatives about what they say are improvements to a SBA lending program.Lenders say some of the changes ...
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