Business Stories for March 2012
Stories for Wednesday, March 14
Warren foreclosures spike; Dayton sees drop in filings
Warren County saw a more than 100 percent annual increase in February in foreclosure filings, according to a new monthly report released today by RealtyTrac Inc.Warren County had the highest year-over-year increase of any county in the region and the second-highest foreclosure rate in the state, according to RealtyTrac’s February ...
Huntington plans stock buyback
Huntington Bancshares announced plans Wednesday to repurchase shares of common stock and continue its current common stock dividend.Huntington said the Federal Reserve had no objection to its plans to buy back up to $182 million shares of common stock. The Columbus-based company is the fifth largest bank institution by deposits ...
New independent pharmacy coming to Dayton area
A Beavercreek pharmacist who founded Middletown Pharmacy in 2007 is gearing up to open two independent pharmacies in the Dayton area this summer. One Heartland Pharmacy shop is planned for the Shops at 3000, a new retail development still under construction at the corner of Far Hills Avenue and East ...
Stories for Tuesday, March 13
Big banks raise dividends after passing ‘stress test’
Several large banks in Dayton and Cincinnati announced increases in dividends late Tuesday afternoon after receiving the results of The Federal Reserve’s 2012 “stress test.”The Federal Reserve released early its latest analysis of the largest bank holding companies in the U.S. to see how they would hold up in a ...
Stories for Saturday, March 10
Kitchen, bath design store opening at Cross Pointe Center
CENTERVILLE — Cincinnati-based Nisbet Brower, which traces its building supply company roots back to 1870, is gearing up to open Lifestyle Kitchen Designs showroom March 24 at 101 E. Alex-Bell Road in the Cross Pointe Center, according to Dan Brower, Nisbet Brower vice president.The showroom will focus on kitchen and ...
Ohio becoming more business friendly, really!
If you think that Ohio’s business-tax climate is unfriendly to companies, think again.That the conclusion of “Location Matters: A Comparative Analysis of State Tax Costs on Business,” just released by The Tax Foundation (www.taxfoundation.org), a nonpartisan tax research group based in Washington, D.C.The report’s authors examined in detail the business ...
Stories for Friday, March 9
Fifth Third does layoffs throughout footprint
CINCINNATI — Fifth Third Bank has laid off employees in a variety of positions throughout its 12-state footprint in the past 10 days, bank spokeswoman Debra DeCourcy said Friday.The layoffs are less than one percent of the Cincinnati company’s 22,000 employees.“That’s as specific as I can get at this point,” ...
Stories for Wednesday, March 7
P&G job cuts behind state's planned layoffs increase
Planned layoffs rose sharply last month in Ohio, mainly the result of Cincinnati-based Procter & Gamble’s announcement that it would lay off more than 5,000 workers globally.In February, Ohio-based employers announced 5,566 layoffs, up 56 percent from January, according to a report Thursday by employment consultant firm Challenger, Gray & ...
Bob Evans to remodel some restaurants, expand into 19th state
The extensive remodeling and renovation initiative that Bob Evans Restaurants launched in Dayton in 2010 is now sweeping into the Hamilton and greater Cincinnati area, the company announced Wednesday.Bob Evans officials also announced the chain will expand into Arkansas, its 19th state, this year.The renovation program has been named the ...
Stories for Tuesday, March 6
CEO: No ‘veto’ power for Appleton union
The United Steelworkers can’t “veto” a paper-supply agreement between Appleton and Domtar, a pact that will allow Appleton to cut 330 jobs from its West Carrollton mill, Appleton executives told industry analysts in a conference call Tuesday.“They do not have union veto power,” Mark Richards, Appleton chairman, president and chief ...
DPL Inc. names new CEO
AES Corp. has named Phil Herrington president and CEO of DPL Inc., the parent company of Dayton Power & Light Co. He succeeds Paul Barbas, who left DPL in December following the acquisition of DPL by AES.Herrington currently serves as president of Global Wind Generation for AES where he is ...
Stories for Saturday, March 3
When it comes to scams, the elderly are often the targets
Elder financial abuse occurs when seniors’ finances are exploited by scammers preying on their vulnerabilities. The Better Business Bureau receives hundreds of calls annually from older adults about scams involving investments, Medicare, donations, door-to-door sales, travel deals, work-at-home jobs and prizes. Many victims don’t realize they’ve been taken. Or, if ...
Stories for Friday, March 2
CincyTech, children’s hospital form company
CINCINNATI — CincyTech and Cincinnati Children’s Hospital Medical Centeron have formed of a new health care IT company named QI Healthcare, which will commercialize Children’s proprietary quality-improvement software.CincyTech and Cincinnati Children’s Tomorrow Fund have each invested $200,000 in the company and hired Cincinnati entrepreneur and health-tech executive John Atkinson as ...
Whirlpool Corp. Named One of Fortune’s World’s Most Admired Companies
Whirlpool Corporation has been recognized as one of Fortune Magazine’s World’s Most Admired Companies in the Home Equipment, Furnishings industry sector. It is the second year in a row the Benton Harbor, Mich.-based company finished first in this sector, Whirlpool officials said in a news release.Whirlpool — the world’s leading ...
Stories for Thursday, March 1
Retailers report sales gains for February
Several retailers with stores in west-central and southwest Ohio reported strong sales gains for February in the latest sign Americans are feeling more confident in the economy . Retailers including Target Corp., Macy’s Inc. and Limited Brands Inc., reported monthly sales figures that exceeded Wall Street estimates. In addition, Kohl’s ...
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