Business Stories for December 2012
Stories for Monday, December 31
Company to move corrugated plant to Lebanon
A packaging company with Cincinnati area operations has bought a plant in Lebanon, with plans to relocate to Warren County over the first quarter. Green Bay Packaging Inc. said it bought the 269,000-square-foot facility, 28-acre property at 760 Kingsview Dr., to replace its current facilities at 7660 School Road in ...
Stories for Sunday, December 30
FedEx Ground project on schedule for July opening
The FedEx Ground project in Lebanon is about halfway complete, with the sort and distribution facility on schedule for a July opening, FedEx said. FedEx is building a new $15 million distribution center in the industrial park Lebanon Commerce Center, off Henkle Drive, to meet growing demand for services in ...
Stories for Friday, December 28
Small businesses had hopes for holiday surge/Some retailers feel late-season pinch, while others finishing strong
A week before Christmas, December sales at Patti’s Cards & Gifts in Middletown were comfortably ahead of last year’s pace, and store co-owner Bruce Robe was confident the business was poised to wrap up a successful holiday shopping season.“Then it got slow,” Robe said.By Christmas, sales were lagging behind last ...
Stories for Thursday, December 27
Use of e-books jumps
The Pew Internet Research Center released a new surveyon Thursday found the percentage of Americans aged 16 and older who read an e-book grew from 16 percent in 2011 to 23 percent this year. Readers of traditional books dropped from 72 percent to 67 percent. Overall, those reading books of ...
Home prices rise across U.S.
WASHINGTON (AP) — U.S. home prices rose in most major cities in October compared with a year ago, pushed up by rising sales and a decline in the supply of available homes. Higher prices show the housing market is improving even as it moves into the more dormant fall and ...
Fees undermine fliers’ ability to compare fares
By Joan Lowy Associated Press WASHINGTON (AP) — For many passengers, air travel is only about finding the cheapest fare. But as airlines offer a proliferating list of add-on services, from early boarding to premium seating and baggage fees, the ability to comparison-shop for the lowest total fare is eroding. ...
Stories for Monday, December 24
Audits for illegal workers rise
U.S. Immigration and Customs Enforcement reached its highest number yet of companies audited for illegal immigrants on their payrolls this past fiscal year. Audits of employer I-9 forms increased from 250 in fiscal year 2007 to more than 3,000 in 2012. From fiscal years 2009 to 2012, the total amount ...
Stories for Sunday, December 23
10 things you never knew about the North Pole
There's more to the North Pole than just snow and Santa. Ever since it was discovered by Robert E. Peary, Matthew Henson, and four Eskimo companions back in 1909, the North Pole has been a place of international intrigue—did you know several countries are now fighting over vast underground oil ...
Stories for Friday, December 21
GE to buy Avio for $4.3B
GE to buy aviation unit of Italy’s Avio for $4.3B FAIRFIELD, Conn. (AP) — Industrial conglomerate General Electric plans to buy the aviation business of Italian manufacturer Avio for $4.3 billion to grow its jet propulsion business and strengthen its supply chain. The Fairfield, Conn., company said Friday that it ...
Stories for Wednesday, December 19
Kodak sells patents, gets closer to leaving bankruptcy
Eastman Kodak Co. said Wednesday it has sold its digital imaging patents for about $525 million — a move the company hopes will speed its journey through bankruptcy. Part of that money will be paid by 12 intellectual property licensees organized by Intellectual Ventures and RPX Corp., with each licensee ...
Stories for Tuesday, December 18
State: Refund checks on way to possibly 11K companies
Thousands of Ohio businesses are due a tax refund. Ohio government is starting to return nearly $14 million to 3,500 Ohio businesses who “unknowingly overpaid” their commercial activity tax, Gov. John Kasich’s office said Tuesday. Kasich’s office said the state now will notify a business when it has overpaid and ...
Homebuilder confidence growing
LOS ANGELES (AP) — Confidence among U.S. homebuilders inched upward this month to the highest level in more than six and a half years as builders reported the best market for newly built homes since the housing boom.The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday increased ...
Fifth Third to do fourth stock buyback this year
Fifth Third Bancorp has reached an agreement with Credit Suisse International to buyback $100 million worth of its outstanding common stock, the bank said in a filing made Monday with the U.S. Securities and Exchange Commission.The agreement is part of a previously announced stock repurchase program.This is one of several ...
Duke Energy appoints new president of Ohio operations
Duke Energy has appointed a new president of its Ohio operations as part of a management shake-up following its merger with Progress Energy.Duke provides power to much of southwest Ohio, including Warren and Butler counties. All changes are effective immediately, except where noted.Jim Henning will be state president of Duke ...
Stories for Friday, December 14
GE raises dividend 12 percent, raises share buyback ceiling
FAIRFIELD, Conn. — The board of directors of General Electric Co. on Friday today raised the company’s quarterly dividend by 12 percent, or 2 cents per outstanding share of common stock, to 19 cents per share. The dividend is payable Jan. 25 to shareowners of record at the close of ...
Stories for Thursday, December 13
Ohio’s broadband availability gap shrinks
Ohio’s broadband availability gap is shrinking, but many state residents are still on the wrong side of the so-called “digital divide,” according to new research from a Columbus nonprofit group working to bring affordable high-speed Internet service to every household in the state.Nearly 98 percent of Ohio households can access ...
Stories for Wednesday, December 12
Marion’s starts accepting credit cards
In a reversal of a long-standing policy, Marion’s Piazza now accepts credit cards at all of their pizza restaurants. “We just joined the 21st century,” Marian’s CEO Roger Glass said. Customer demand nudged Glass and company officials toward making the decision to begin accepting Visa, MasterCard and Discover cards. “We’ve ...
Controversy, conflicting data follow right-to-work laws
Advocates and opponents of right-to-work laws — which allow workers to decide whether to pay union dues — fall on opposite sides in declaring whether the laws help or hinder state economies and individual workers.But they agree the issue is getting closer to Ohio.With Michigan’s legislature approving a right-to-work bill ...
Stories for Tuesday, December 11
Restaurant industry to be leading job creator in 2013
America’s nearly 1 million restaurants will be a leading job creator in 2013 and will post record sales 3.8 percent higher than this year despite a challenging operating environment, according to the National Restaurant Association’s 2013 Restaurant Industry Forecast released Tuesday. But the head of the Miami Valley Restaurant Association ...
2013 outlook: Economy may contract
Next year’s economy is predicted to contract making it difficult for businesses and investors to navigate, said leaders of James Investment Research Inc. during a preview of their annual economic forecast on Monday.Several factors conspired to give the firm’s 2013 outlook a pessimistic edge: The approaching “fiscal cliff,” higher federal ...
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