Business Stories for June 2012
Stories for Thursday, June 14
GE-produced engine sets record
An airplane engine that Dayton-area workers help produce recently hit a milestone.GE Aviation and TUlfly, a German tourism airline, recently celebrated what GE calls a world record. The CFM56-7B airplane engine, which has powered Boeing 737-800 airplanes since 1999, logged more than 50,000 flight hours “without a single shop visit,” ...
EMTEC votes on dissolution are today
Members of the Edison Materials Technology Center voted Thursday to end the organization’s operations by the end of the month. The organization has said it does not expect new state funding, so it plans to close its doors by June 29, eliminating 17 jobs. EMTEC’s executive board was able to ...
Kroger’s profit edges up in 1Q, raises outlook
NEW YORK — The Kroger Co. is forecasting a rosier year after its customer-loyalty programs helped boost net income in the first quarter. The nation’s largest traditional grocery store chain said Thursday that its targeted discounts and coupon mailings, which are based on purchase histories, are enticing more customers to ...
Stories for Wednesday, June 13
Ohio companies organizing aerospace for air show in England
Ohio is once again planning to promote its aerospace industry at an international air show.Leaders of the state’s aerospace industry are organizing a booth for the Farnborough Air Show in England, scheduled for the week of July 9. Ohio companies that advertised their services last year at Ohio’s booth at ...
ExpeData launches mobile data capture application
MIAMISBURG — ExpeData, a Miamisburg-based software company, has introduced a hosted version of its naturalFORMS application for iPad and Android tablets that features a new self-service repository of business forms.Company officials said the application streamlines work flows, improves productivity and reduces costs for mobile workforces of all sizes. Users can ...
Stories for Tuesday, June 12
Urgent Care HQ leaves Dayton
A North Carolina private equity firm has purchased a majority stake in Hometown Urgent Care and moved the company’s headquarters from Dayton to Columbus.Hometown Urgent Care’s headquarters moved from Dayton to Columbus at the end of May, coinciding with the sale of a majority ownership stake to a North Carolina ...
Accounting firm to open Austin Landing office
Clark Schaefer Hackett, an accounting and business consulting firm, will open a new Miami Valley office on July 2 at Austin Landing to support the company’s regional growth along the Interstate 75 corridor.The new accounting center will house staff from the firm’s former Dayton and Middletown locations, including nine shareholders ...
Teradata software provides direct ‘big data’ access
Teradata, a Miami Twp.-based data analytics company, on Tuesday announced that its Aster SQL-H software is the first to offer business analysts direct, self-service access to “big data” sets stored in Apache Hadoop.The software provides a software access method for easy analysis of data stored in Hadoop.Business users are demanding ...
Health plans to keep provisions of health reform
Humana Inc. said it will keep in place certain patient protections contained in federal health care reform, no matter how the U.S. Supreme Court rules on the act.The Louisville, Ky., company made the announcement Monday in anticipation of a court ruling later this month. A similar announcement was also made ...
Stories for Monday, June 11
AK Steel shares fall
Shares of AK Steel Corp. fell to a new 52-week low Monday after equity downgrades late last week and Monday. The Middletown steelmaker’s shares closed at $4.99, down 81 cents, or 13.97 percent, from the close Friday . AK Steel shares rose a bit in after-hours trading The day’s performance ...
New air standards could affect business
The Dayton area is in danger of not meeting new federal standards on lung-damaging ozone, and that could have powerful implications for new business coming — or not coming — to the area, public officials said. “If the area is (not meeting the standards), there could be restrictions on business ...
Intelligent Decisions ranks 50th on CRN IT list
Intelligent Decisions, a Virginia-based defense contractor with an office in Beavercreek, has been named to CRN’s 2012 Solutions Provider 500 list, which ranks the top technology integrators in North America.Formerly known as the “VAR 500,” the annual list ranks the highest producing information technology organizations in terms of hardware sales, ...
Practice info session for Primary Care Initiative
Cincinnati, Dayton and Springfield primary care practices interested in applying to participate in the region’s Comprehensive Primary Care pilot program are invited to an upcoming information session held by The Health Improvement Collaborative of Greater Cincinnati.The session is 9 to 11 a.m. Saturday at the Miami University Voice of America ...
Stories for Friday, June 8
Changes to job-creating project to resonate here
The Dayton region has received nearly $128 million in Ohio Third Frontier funds since 2002, but emerging changes at the bipartisan economic development program have slowed the pace of statewide funding for the current fiscal year.Only a fraction of available funds has been awarded, raising concerns among some of the ...
Cessna gets $12.4M contract from Air Force
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force awarded Cessna Aircraft Co. a $12.4 million contract to provide four C-208B turboprop airplanes and pilot training.The contract also provide options if U.S. allies want to buy the planes.The Aeronautical Systems Center at Wright-Patterson Air Force Base awarded the contract, which is ...
Navistar shares rebound
Shares of Navistar International Corp. rebounded Friday morning after falling 14 percent Thursday on news of an unexpected second-quarter loss and trouble getting a key engine certified by the government.Navistar shares (NYSE: NAV) were up 7.8 percent to $26 in trading Friday morning. Part of the rise might be attributable ...
McDonald’s sales rose 3.3 percent in May
NEW YORK — McDonald’s Corp. says strength in the U.S. and Europe drove up a key revenue figure in May, but warned that economic volatility around the world and rising expenses are pressuring its second-quarter results.The fast-food chain, based in Oak Brook, Ill., also said that foreign currency translations are ...
Fifth Third, U.S. Bank to raise overdraft fees
Customers of two large area banks will pay more in some overdraft fees later this month, the companies said. Fifth Third is making changes in response to customer feedback to simplify its fee structure, said spokeswoman Stephanie Honan. Effective June 27, Fifth Third customers will pay a charge of $37 ...
Stories for Thursday, June 7
Film commission commends tax incentive expansion
CLEVELAND — The Greater Cleveland Film Commission commended state officials for expanding the Ohio Motion Picture Tax Incentive, which the commission believes has helped strengthen Ohio’s film industry and created jobs for the state’s film professionals.Gov. John Kasich and the Ohio Legislature doubled the tax incentive, which was initiated in ...
Macy’s hires more than 1,000 students
CINCINNATI — Macy’s Inc. on Thursday said that it has hired more than 1,000 students from the nation’s colleges and universities this year for slots in the company’s Executive Development Program (EDP) and for summer internships nationwide.The hires include 730 new college graduates for full-time EDP positions, which is an ...
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