Business Stories for June 2012
Stories for Friday, June 29
Wright Patt Credit Union, realtor team up
By Chelsey LevingstonStaff WriterSPRINGBORO — The Dayton area’s largest credit union and one of its largest real estate firms will form a joint venture on a mortgage company.Wright-Patt Credit Union and Irongate Inc. Realtors made the announcement Friday at Irongate’s Springboro office on East Central Avenue.Leaders of both organizations said ...
Renewable jet fuel in Ohio under discussion at workshop
A collaboration is underway to coordinate an industry that could produce a renewable Ohio source for jet fuel.General Electric Aviation is collaborating with the U.S. Department of Agriculture Rural Development, the Ohio Aerospace Institute, and air carriers to investigate an Ohio or Midwest-regional approach for renewable jet fuel. The project ...
JPMorgan Chase drops overdraft fees on small purchases
Customers of JPMorgan Chase & Co. won’t have to pay overdraft fees for purchases of $5 or less beginning July 22, the bank said.The bank currently does not charge fees for accounts overdrawn by $5 or less at the end of the business day, the company said.An overdraft transaction of ...
Teradata company names new vp
Aprimo, a Teradata company, said this week that Robin Fleming is its new vice president of cloud services.Fleming was previously vice president of product quality and operations and will expand cloud services to new Aprimo applications, the company said in a release. “Cloud” refers to the offering of data storage ...
Stories for Wednesday, June 27
GE Aviation gears up for UK air show
Production rates across GE Aviation have increased by more than 10 percent in the past year and the company’s Dayton-area facilities are working to fill orders placed at the 2010 Farnborough International Airshow, where GE Aviation amassed engine and services orders valued at more than $16 billion, the company said.The ...
Stories for Tuesday, June 26
Dayton Chamber to get state funding for business internships
COLUMBUS — The Ohio Third Frontier Commission has recommended $428,571 in funding for the Dayton Area Chamber of Commerce as part of a statewide program to place students in intern jobs with Ohio technology companies.The commission’s recommendation is part of $8.5 million in funding support for technology internships around the ...
Ohio senators want anti-dumping orders kept in place
KETTERING — Ohio’s senators Wednesday urged the U.S. government to maintain import duties that keep foreign corporations from dumping subsidized products in the U.S. that could kill domestic jobs, including 250 in Kettering. In a show of bipartisanship, U.S. Sens. Sherrod Brown and Rob Portman co-signed a letter to the ...
Local home loan delinquencies rise
The number of Dayton area homeowners 90 days delinquent or more on their home loans has hovered near seven percent for more than two years, according to CoreLogic.Today, CoreLogic said the April delinquency rate in the Dayton metro region was 6.69 percent, up from 6.59 percent in March and 6.56 ...
Stories for Monday, June 25
Banks to invest more in mobile
With interest growing in mobile banking, retail banks plan to invest more in mobile technologies, according to a new report by Forrester Research.The mobile investments will focus on alerts, remote deposits and person-to-person payments, according to the survey conducted by Forrester Research of members of Consumer Bankers Association. Almost 20 ...
SR shares will continue on NYSE
Dayton-based Standard Register said today that it expects that its shares (NYSE: SR) will continue to be listed and traded on the New York Stock Exchange.The company said the exchange has accepted its plan for continued listing.In April, the NYSE warned the company that its shares were falling in value ...
Stories for Friday, June 22
Ohioans to receive $11.3M insurance rebates
More than 140,000 Ohioans will receive rebates from insurance companies this summer for a total $11.3 million, said the U.S. Centers for Medicare and Medicaid Services.On Thursday, government health officials said eligible residents could receive rebates in the form of a check, a reimbursement to the same debit or credit ...
Stories for Thursday, June 21
Valpak owner acquires online coupon website
The company that owns and distributes Valpak coupons to millions of homes around the U.S. is acquiring one of the biggest online coupon websites.Cox Target Media Inc., told The Associated Press it is acquiring Savings.com and its U.K.-based sister site, Savoo.com.“What it means for the Valpak brand ... that blue ...
Home sales, prices stay up in May
May marked the third consecutive month of corresponding increases in home sales and sales prices compared to the same months a year ago, the Dayton Area Board of Realtors said today.Approximately 1,130 single family homes and condos were sold in Greene, Montgomery, and Preble counties and parts of Warren County ...
Stories for Tuesday, June 19
Sales tax collections still showing strength
Sales tax revenues distributed by the state in June rose for the 25th consecutive month in Montgomery and Greene counties. Warren County recorded a robust increase of nearly 10 percent in June, according to reports released by the Montgomery County Office of Management and Budget and the Ohio Department of ...
Air Force Materiel Command consolidation to move forward
WRIGHT-PATTERSON AIR FORCE BASE —The Air Force Materiel Command will open an Air Force Life Cycle Management Center next month at Wright-Patterson as the service consolidates 12 management and operation centers across the nation to five.The consolidation will initially cut more than 1,000 civilian jobs across AFMC centers around the ...
Stories for Monday, June 18
AK Steel expects profit
Staff and Wire ReportAK Steel Corp. said Monday it expects to turn a profit this quarter. That would reverse losses reported for each of the three previous quarters.Still, the projected earnings came in lower than analysts’ estimates and the company’s stock fell Monday.AK Steel is headquartered in West Chester Twp., ...
Stories for Friday, June 15
Fifth Third meets goal of $28B business loans
Fifth Third Bank has exceeded its commitment of doing $28.5 billion in new and renewed credit to business customers, the company said Friday.Last July, Dayton’s largest banking company announced a goal of loaning $28 billion to large and small businesses by July of this year, according to Fifth Third. The ...
Ohio adds nearly 20,000 jobs
Ohio employers added 19,600 jobs in May, and the state unemployment rate fell to its lowest level more than four years, the state jobs department reported Friday.The jobless rate, which declined for the 10th consecutive month, edged down from 7.4 percent in April to 7.3 percent in May - the ...
Cables to Go rebrands as C2G
Cables to Go, a Dayton-based manufacturer of computer cables and electronic connectivity products, has rebranded the company as C2G.Officials said the new brand communicates the strategic direction and vision of the company by offering a more broad and diverse portfolio of connectivity products, investments in the development of advanced tools, ...
Soot standards could make manufacturing more challenging
Stricter soot or particle pollution standards to be announced today by the U.S. Environmental Protection Agency may be based on science, but they will make manufacturing in Ohio and beyond more challenging, said the man leading the local agency charged with enforcing federal and state air pollution rules.“It does,” said ...
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