Business Stories for February 2013
Stories for Thursday, February 7
Teradata stock falls despite earnings growth
Shares of Teradata Corp., a major Miami Valley employer, fell 7 percent in heavy trading Thursday even though the data analytics company reported strong fourth-quarter earnings that exceeded analysts’ expectations. Analysts attributed the decline to a weaker-than-expected revenue forecast. Teradata stock (NYSE: TDC) closed Thursday at $61.81, down $4.74 or ...
Retailers report strong January sales
By Anne D’InnocenzioAP Retail WriterNEW YORK (AP) — Americans shopped the winter clearance racks in January, resulting in strong sales during the month for retailers. But spending is expected to slow as the deals dry up heading into the spring, and Americans digest rising gas prices and a 2 percent ...
NTSB: 787 battery approval should be reconsidered
By Joan LowyAssociated PressWASHINGTON (AP) — The government should reassess its safety approval of the Boeing 787 lithium ion batteries, the nation’s top accident investigator said Thursday.The National Transportation Safety Board’s investigation of last month’s battery fire in a Japan Airlines 787 “Dreamliner” while it was parked in Boston shows ...
Fifth Third latest to offer mobile check deposits
Fifth Third Bank Thursday introduced mobile deposit functions for iPhone and Android users.The service is now available in all Fifth Third markets.“We continue to see customers choose channels such as mobile to manage their finances. The enhancements we’ve made since introducing mobile banking four years ago — including the introduction ...
Stories for Tuesday, February 5
Medical device business veteran co-founds new Dayton venture
Harold Linville retired from Innovative Medical Device Solutions in 2011 after 34 years of service. But Linville is now quietly helping ramp up another local medical device provider, NovoSource Inc.“I said, ‘Look we’ll have to raise a lot of money,’” Linville recalled telling his NovoSource co-founders early in the venture. ...
Miller Lane restaurant reopens after makeover/Max & Erma’s to renovate Fairfield location later this year
BUTLER TWP., Montgomery County — The newly renovated Max & Erma’s restaurant at 6930 Miller Lane will host a “cookie-cutting” ceremony and fundraiser Thursday to celebrate the significant makeover that will be coming later this year to the chain’s Fairfield location.Nearly all of the 70-plus restaurants in the chain are ...
US service firms grew more slowly in January
By Christopher S. RugaberAP Economics WriterWASHINGTON (AP) — Growth at U.S. service companies slowed slightly in January behind weaker new orders and business activity. But hiring improved, a bright sign for the economy.The Institute for Supply Management said Tuesday that its index of non-manufacturing activity dipped to 55.2 in January. ...
Stories for Monday, February 4
U.S. stocks fall sharply
By Daniel WagnerAP Business Writer U.S. stocks fell sharply Monday, the first trading day after the Dow hit its highest level since the financial crisis.The Dow Jones industrial average dropped as much as 143 points in afternoon trading. The Dow ended at 13,880 Monday, down 0.9 percent.The Standard & Poor’s ...
Report: FAA lags on fulfilling airline safety law
By Joan LowyAssociated PressWASHINGTON — Faced with substantial industry opposition, federal regulators are struggling to implement a sweeping aviation safety law enacted after the last fatal U.S. airline crash nearly four years ago, according to a report by a government watchdog.The Federal Aviation Administration is experiencing lengthy delays in putting ...
Factory orders rise 1.8 percent in December
WASHINGTON (AP) — U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans.Factory orders rose 1.8 percent in December compared to November, when orders had fallen 0.3 percent, the Commerce Department said Monday.But demand for core capital goods, a category considered a ...
Stories for Saturday, February 2
Fifth Third expects more local growth in 2012
Coming off a 41 percent earnings boost in 2012, the Dayton and Springfield markets are expected to contribute to another good year for Fifth Third Bancorp in 2013, said Steve Petitjean, the bank’s Dayton city executive. As the economy continues to slowly improve and consumer and business confidence improves, Petitjean ...
Stories for Friday, February 1
Economy shows sign of strength
By Christopher S. RugaberAP Economics WriterWASHINGTON (AP) — The U.S. job market is proving sturdier than expected at a time when the economy is under pressure from Washington gridlock and the threat of government spending cuts.Employers added 157,000 jobs in January, and hiring was much stronger at the end of ...
Brewhouse-restaurant coming to Austin LandingBJ’s latest in “explosion” of craft brewers coming to area
The newest restaurant expected at Austin Landing is also an award-winning craft brewer.BJ’s Restaurant & Brewhouse will open off Austin Boulevard, just east of the new Interstate 75 interchange around which more than $150 million in development is planned or in place, according to developer RG Properties.The addition of BJ’s ...
Kroger lowers prices, eliminates some double coupons
Kroger announced today a new price campaign in which prices on thousands of items will be lowered.Some examples of lower priced goods include a 71 cent price drop in a 24 pack of Kroger bottled water, a $1 price drop on a 3 lb. bag of onions and a $1.40 ...
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