Business Stories for January 2013
Stories for Wednesday, January 23
Metal Coaters opening brings 70 new jobs to the area
For Metal Coaters, opening a Butler County location had as much to do with the assets available in the region as it did with the region itself.“Geographically it was a good fit,” said John Kuzdal, the company’s president. “If you draw a radius from Middletown, it does encompass most of ...
Unions suffer sharp decline in membership
By Sam HananelAssociated PressWASHINGTON (AP) — Union membership plummeted last year to the lowest level since the 1930s as cash-strapped state and local governments shed workers and unions had difficulty organizing new members in the private sector despite signs of an improving economy.Government figures released Wednesday showed union membership declined ...
Stories for Sunday, January 20
New deal gives LCNB National Bank more growth potential
One of the region’s largest community banks recently completed its biggest acquisition in the company’s 130-plus year history, and executives see growth potential in the new markets. Lebanon’s LCNB Corp., the parent holding company of LCNB National Bank, closed on Jan. 11 its approximately $19.6 million deal to acquire First ...
Coca-Cola to address obesity for first time in ads
By CANDICE CHOIAP Food Industry WriterCoca-Cola became one of the world’s most powerful brands by equating its soft drinks with happiness. Now it’s taking to the airwaves for the first time to address a growing cloud over the industry: obesity.The Atlanta-based company on Monday will begin airing a two-minute spot ...
Stories for Friday, January 18
First Financial names new CFO
First Financial Bancorp announced Friday a new chief financial officer to succeed long-time executive Frank Hall.Anthony Stollings, executive vice president and chief risk officer, was named the company’s new CFO effective Friday.Frank Hall, executive vice president, chief financial officer and chief operating officer, will assist First Financial in the transition ...
GE earnings rise on emerging market growth
By Jonathan FaheyAP Energy WriterNEW YORK (AP) — General Electric Co.’s net income rose 8 percent in the fourth quarter as earnings at all of the conglomerate’s industrial segments improved due to growth in developing economies.GE, based in Fairfield, Conn., reported net income of $4 billion Friday on revenue of ...
Regional bank Fifth Third’s 4Q profit tops Street
By Dan SewellAssociated PressCINCINNATI (AP) — Regional banker Fifth Third Bancorp reported Thursday that its fourth-quarter net income jumped 28 percent, helped by improving credit conditions.The Cincinnati-based company earned $390 million, or 43 cents per share, for the period ended Dec. 31. That compares with $305 million, or 33 cents ...
Stories for Tuesday, January 15
Real estate firm Real Living merges with Columbus company
The Southwest Ohio brokerage of Real Living Realty Services has merged with HER Realtors of Columbus, the companies announced Tuesday.Real Living Realty Services has 18 offices with approximatley 275 real estate agents in the Cincinnati, Dayton and Springfield areas, including a Middletown office. The local region brokerage is agent-owned, and ...
Companies increase stockpiles
WASHINGTON (AP) — U.S. companies increased their stockpiles a steady pace in November from October, responding to a solid increase in sales.The Commerce Department said Tuesday that business inventories grew 0.3 percent in November, matching the October gain.Sales rose 1 percent in November, the best showing since a 1.2 percent ...
Ohio ranks No. 2 for HVACR work
Ohio ranks second in the nation among the top states to work in heating, ventilation, air conditioning and refrigeration (HVACR), according to industry data and insights from Emerson Climate Technologies.The HVACR industry is facing a shortage of qualified technicians, with needs for an additional 57,000 skilled workers each year to ...
Stories for Monday, January 14
4,000 jobs open at Kings Island
Kings Island, a major generator of local tourism dollars, is taking applications now for more than 4,000 full- and part-time jobs available this upcoming season, park operators said. The only way to apply is online at www.visitkingsisland.com. Qualified applicants will be contacted for an interview, said Don Helbig, spokesman for ...
A revealing first day at Detroit Auto Show
As the two-day Media Preview kicked off at Cobo Convention Center in Detroit for the North American International Auto Show (NAIAS), it was clear the auto industry was on grand display. With more than 50 vehicles set to make their world debut, the bigger vehicles and the luxury vehicles were ...
Roto-Rooter to build $5.5M office at Austin interchange
Roto-Rooter plans to spend as much as $5.5 million on a 31,000-square-foot office, training and service complex northwest of the Austin Boulevard interchange of Interstate 75. About 90 employees, including 80 plumbers or technicians, would work from the facility. The 90 employees would include 10 to 25 new workers, spokesman ...
Ram 1500 pickup wins Truck of the Year, Honda Accord finalist for Car of the Year
By Jeff KaroubAP Business WriterDETROIT (AP) — The North American Truck of the Year is the Ram 1500 pickup.The winner was unveiled Monday morning at Cobo Center in Detroit.Car finalists are the Cadillac ATS, Ford Fusion, and Honda Accord. Truck/utility finalists were the Ford C-Max, Mazda CX-5, along with the ...
Stories for Saturday, January 12
Why do I have a smaller paycheck this year?
Even with Congress and President Obama reaching an 11th-hour deal to prevent the country from going over the much-hyped “Fiscal Cliff,” the New Year has brought an increase in taxes for all American families — and for many that means an almost immediate reduction in take-home pay. We checked in ...
Stories for Friday, January 11
Ford to hire 2,200 white-collar workers
Ford said Friday it plans to hire 2,200 engineers, computer programmers and other white-collar workers this year as demand for its vehicles in the U.S. grows. The 2,200 would represent the highest number of salaried workers the automaker has hired in more than 10 years. Ford has a strong presence ...
Stories for Thursday, January 10
Airlines post better on-time record for November
By The Associated PressThe government says that the 15 biggest U.S. airlines were on time a bit more often in November.The Transportation Department said Thursday that 85.7 percent of flights operated by the biggest airlines arrived on time in November. That’s up from 85.3 percent in November 2011 and 80.2 ...
Stories for Wednesday, January 9
Intelligrated opens new Mason headquarters
Intelligrated, an automated material handling company, Wednesday announced the opening of its 122,000-square-foot headquarters expansion in Mason. The company said that with a combined area of 262,000 square feet, the headquarters will accommodate an increase in engineering and research and development staff. The company said in an announcement that the ...
P&G board member Rodgers to retire, Lundgren added
CINCINNATI (AP) — The Procter & Gamble Co. said Tuesday that current board member Johnathan Rodgers has decided not to seek re-election at the consumer products maker’s annual shareholders meeting in October, when he will retire from the board.P&G also announced the immediate appointment of a new board member, Terry ...
Stories for Tuesday, January 8
Fewer business travelers to hit the road in 2013
Fewer business travelers are likely to hit the road this year as the travel industry is challenged by corporate America’s persistent economic fears. Business travelers are expected to take 431.8 million trips in 2013, the Global Business Travel Association said Tuesday. The industry trade group had forecast 435 million trips ...
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