Business Stories for April 2012
Stories for Friday, April 20
Ohio jobless rate dips for 8th straight month
Job growth — not discouraged workers giving up on their job searches — pushed unemployment in Ohio down for the eighth straight month in March. The rate dipped to 7.5 percent last month from 7.6 percent in February, the Ohio Department of Job and Family Services reported Friday. The March ...
Stories for Thursday, April 19
First Financial adds commercial banking VPs
First Financial Bank has added two new commercial banking vice presidents in the Dayton market to increase its presence.Jon Waldo started March 1 as assistant vice president and commercial relationship manager. Matt Michael started April 1 as vice president and commercial relationship manager, First Financial said Thursday.“We feel that both ...
Local home sales climb 16 percent
Sales of single-family homes and condominiums in the Dayton area climbed nearly 16 percent last month when compared with March 2011, and 36 percent from February, the Dayton Area Board of Realtors said Thursday.The organization said 932 homes and condos were sold in March, compared with 805 in March 2011.Total ...
Brazilian air force returning at 2012 Dayton Air Show
DAYTON — The Brazilian air force’s “Smoke Squadron,” a precision flying team whose airplanes trail smoke during their aerial routines, will return to the Dayton Air Show in 2012, air show officials said Thursday.The Dayton Air Show is scheduled July 7-8 at Dayton International Airport.The Brazilian aviators will travel to ...
Honda salutes Dayton-area suppliers
Honda recognized several Dayton-area companies for original equipment manufacturer supplier awards this week.Those companies included Green Tokai Co., of Brookville, which received a “double award” for excellence in delivery and value, according to an announcement from Honda.F&P America Manufacturing Inc., of Troy, was recognized for excellence in delivery, as was ...
Connor Group acquires more properties
The Connor Group said Thursday it has acquired more properties in its three highest-growth markets.Since March 28, the company has acquired The Lodge at Frisco Bridges in Dallas, Autumn Woods in Chapel Hill, N.C., and Belmont at Park Bridge in Atlanta.The acquisitions added 842 units to the company’s portfolio, which ...
Fifth Third first-quarter earns quadruple after Vantiv IPO
CINCINNATI — Fifth Third Bancorp says its first-quarter net income increased sharply thanks in part to the regional bank’s stake in the payment processor Vantiv, which had its initial public offering.The Cincinnati company reported net income of $421 million Thursday, or 45 cents per share. That compares with $88 million, ...
Stories for Wednesday, April 18
Unmanned aircraft conference may need more room in 2013
DAYTON — A bigger-than-expected turnout for this week’s Dayton conference on unmanned aerial systems may force its organizers to find a location with more capacity next year, the event’s chairman said.About 490 people are attending the two-day conference on unmanned aerial systems, which are unmanned aircraft and their sensor equipment ...
Defense grant to focus on improving soldiers’ medical care
CINCINNATI — University of Cincinnati researchers will use a $3.7 million grant from the Defense Department to study how medical treatment can be improved for soldiers, university officials said.The researchers will focus on what effects the duties of battlefield troops have on their natural bodily cycles and how medical treatment ...
Huntington, PNC release first quarter results
Columbus-based Huntington Bancshares and Pittsburgh, Pa.-based PNC Financial Services Group released first quarter earnings Wednesday morning, two of the largest banking players in the Dayton region.Huntington said it had net income for the first quarter ending March 31 of $153.3 million, compared to net income of $126.4 million for the ...
Stories for Tuesday, April 17
Mead division narrows losses ahead of merger
Days ahead of a planned merger of one of its divisions with ACCO Brands, MeadWestvaco Corp. on Tuesday said its Consumer & Office Products business lost about $1.8 million in the first quarter of 2012, compared with a loss of $4.3 million in the first quarter of 2011.Richmond, Va.-based MeadWestvaco ...
Stories for Monday, April 16
Dick’s Sporting Goods moving to the Dayton Mall
MIAMI TWP., Montgomery County — The Dayton Mall is expanding to accommodate a move of the Dick’s Sporting Goods store at 234 N. Springboro Pike (Ohio 741) to inside the mall, mall officials said Monday. The addition of Dick’s as an anchor tenant will boost the Dayton Mall’s occupancy rate ...
Hobby Lobby announces pay raises
Employees of area Hobby Lobby locations in Hamilton, Huber Heights, Miamisburg and Springfield could receive pay raises for the fourth year in a row, the company announced Monday.Oklahoma City-based Hobby Lobby Stores Inc. announced a minimum wage increase to $13 per hour for full-time hourly employees and a minimum wage ...
Stories for Saturday, April 14
Tips on applying for college scholarships and grants
Many think getting into a chosen university is tough, but paying for it can be an even greater challenge. The average cost of a private, four-year college is well over $20,000 per year.With the cost of college far outpacing average inflation, there’s no wonder many incoming freshmen are relying more ...
Housing off to good start in 2012
Rising sales, falling foreclosures and more new homes under construction are making local realtors more optimistic than they’ve been in years as they enter the busy spring buying season.“I’ve felt better about starting a year in the past five years than I do right now,” said Rick Heben, associate partner ...
Policy changes essential for U.S. industry
A growing national consensus that American industrial power and innovation has slipped to an unacceptable level has powerful implications for the Miami Valley, a region pummeled by the loss of manufacturing.A coalition of 18 groups representing industry, professional, economic development and labor unions signed a charter urging President Obama and ...
National restaurant industry strong while locals struggle
The most recent snapshots of the national restaurant industry are coming up roses: Bolstered by positive same-store sales and customer traffic and an optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index remained above 100 for the fourth consecutive month in February, signifying an expansion in the ...
Stories for Thursday, April 12
Jobs at small firms highest since 2009
Small business employment is the highest it has been since January 2009, according to a new study, giving more evidence that a recovery is under way.But while Ohio joined the trend by adding more workers last month, some business groups say the state’s economy is adding too few of these ...
Advance Auto Parts opens first store in West Chester
Advance Auto Parts Inc., an aftermarket retailer of auto parts, batteries, accessories and maintenance items, on Thursday announced it will open its first store in West Chester at 8136 Princeton Glendale Road on April 16.Company officials said they chose this location for the store because it’s convenient to where their ...
Stories for Wednesday, April 11
Consumer agency plans rules for clearer mortgages
The Consumer Financial Protection Bureau said this week it plans to propose rules this summer that help protect mortgage borrowers from surprise costs or getting “the runaround” from their mortgage servicer.The federal consumer watchdog agency said Monday the rules would address the lack of transparency and lack of accountability. Here ...
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