Business Stories for March 2012
Stories for Saturday, March 31
Sweepstakes latest scam plaguing Miami Valley residents
Who doesn’t want to be a winner? Unfortunately, some of these claims that you’re a winner are losing propositions. Scams involving gifts and prizes are an ongoing problem for Miami Valley residents.These scams arrive in the mail, online or even on your mobile device. They try to lure you in ...
First Financial will open two offices, relocate another in the region
This year will be “full steam ahead” for First Financial Bancorp as it builds off its momentum of 2011 in the Dayton and Cincinnati markets, top bank officials said.Part of that strategy for the former Hamilton-based company is plans to open two additional locations this year in the region and ...
Stories for Friday, March 30
Ohio tops nation in job growth
Ohio added more jobs last month than any other state, topping Texas for growth in nonfarm payroll employment, according to a report Friday from the Bureau of Labor Statistics.Private and government employers added 28,300 jobs in Ohio last month, up from 25,000 in January. That was the largest month-to-month gain ...
Stories for Thursday, March 29
Best Buy to close 50 US stores, cut costs
MINNEAPOLIS — Best Buy Co. is closing 50 stores in the U.S. in fiscal 2013 and is looking to cut costs by $800 million by fiscal 2015. The biggest U.S. specialty electronics retailer also says it lost money in its fiscal fourth quarter partly because of a restructuring charge, but ...
Stories for Tuesday, March 27
Area jobless rates continue to fall
Jobless rates in most Dayton-area counties and major cities edged down again last month as the outlook for hiring improves, one local employment firm manager said.Rates dropped in 65 of 88 Ohio counties last month and ranged from a low of 5.5 percent in Mercer County to a high of ...
EU to investigate United Technologies-Goodrich deal
BRUSSELS—The European Commission said Tuesday it has opened an in-depth antitrust investigation into United Technology Corp.’s $16.5 billion proposed purchase of Goodrich Corp. on concerns that it could undermine competition in some parts of the aviation-equipment sector, Bloomberg and the Wall Street Journal reported Tuesday.United Technologies faces an in-depth probe ...
Stories for Monday, March 26
Facebook brand pages switch to ‘timeline’ format
Facebook, the social networking company that has become increasingly important to businesses and their brands, is instituting mandatory changes that will alter the look of company profile pages starting Friday.The new “timeline” profile page layout allows businesses, brands and organizations to express themselves more visually to boost the amount of ...
Stories for Saturday, March 24
Beach Waterpark won’t give refunds to season pass holders
MASON — Season pass holders to The Beach Waterpark won’t be getting refunds, but will receive more than $200 in “alternative experiences” at a number of area attractions.The Beach Waterpark said Wednesday it’s entering into a partnership that will provide free or reduced admission to Kings Island, Coney Island, Countryside ...
Researching your movers is a must for a smooth ride
From packing to unpacking, moving takes careful planning and some legwork. Unless you have a group of reliable friends to help, you will require a professional mover.Unfortunately, people fall prey to dishonest and sometimes unlicensed moving companies. Every year, the Better Business Bureau and the American Moving and Storage Association ...
Attrition won’t cover P&G’s 5,700 job cuts
Southwest Ohio is bracing for the impact of Procter & Gamble’s most recent cost-cutting efforts, which include the elimination of 5,700 positions held by nonmanufacturing employees companywide by late 2013.P&G officials told the Dayton Daily News via email last week that they do not expect attrition to account for all ...
Analysts: Speedway key for Midwest gas pricing
SPRINGFIELD — When it comes to setting local gasoline prices, Speedway SuperAmerica is the pacesetter, according to petroleum industry analysts and market watchers.Speedway, based in Enon, is often the first to move its gas prices up or down, and smaller chains and independents often follow suit. Officials at GasBuddy.com call ...
Stories for Friday, March 23
Facebook warns employers not to demand passwords
NEW YORK — Facebook is warning employers not to demand the passwords of job applicants, saying that it’s an invasion of privacy that opens companies to legal liabilities.The social networking company is also threatening legal action.An Associated Press story this week documented cases of job applicants who are being asked, ...
ALDI stops selling beef with additive
ALDI Inc. said Friday it will join the list of grocery store chains that will no longer sell ground beef that contains lean finely textured beef, or so-called “pink slime.”“We also are committed to listening to our customers, and over the last week, customers have been telling us that they ...
Dayton third in U.S. for home affordability, report says
Dayton has some of the best deals in the nation for buying a home compared to renting, according to Trulia’s Winter 2012 Rent vs. Buy Index released this week.Trulia is a web site for local home and rental listings and information on local markets. The company tracked whether it is ...
Stories for Thursday, March 22
Default risk on home loans lowest since 2005
The default risk on home loans is now at its lowest level in seven years thanks to an improving economy, record-low interest rates and stabilizing home prices, said a University of Michigan finance and real estate professor. Under current economic conditions — gross domestic product growth of 2.5 percent and ...
Stories for Wednesday, March 21
New skateboard and clothing shop now open in downtown Dayton
DAYTON — Hangar18, a men’s clothing store and skateboard shop that focuses on street wear and the skateboarding culture, has opened at 114 N. St. Clair St. in downtown Dayton, store manager Monique Fortney said Wednesday. Hangar18 carries clothing by brands such as Diamond Supply, Crooks and Castles, HUF, Akomplice, ...
Stories for Monday, March 19
Ohio development director to speak at Dayton conference
Ohio Department of Development Director Christiane Schmenk will speak Wednesday at the Ohio Business Matchmaker Conference held this year in Dayton.The seventh annual Ohio Business Matchmaker Conference is 7 a.m. to 4:30 p.m. Tuesday and Wednesday at the Wright State University Nutter Center, 3640 Colonel Glenn Hwy. Schmenk is scheduled ...
Stories for Sunday, March 18
Surge in local business loans shows confidence
Growing confidence in the U.S. economy has allowed more small businesses in the Miami Valley either to expand their companies or start new ones during the past two years with the help of federal government-loan programs.Loans backed by the U.S. Small Business Administration issued to businesses in the Miami Valley ...
Stories for Friday, March 16
Air Force lagged in seeking competitive bids, study finds
The Air Force’s rate of seeking competitive bids for non-research and development services from the private sector fell significantly behind the rest of the Defense Department between 2007 and 2011, the U.S. Government Accountability Office has concluded in a new study.That meant that the Air Force missed a substantial opportunity ...
Stories for Thursday, March 15
Company interested in SMART complex
HAMILTON — City officials said they’ve done what they were asked to do in purchasing the SMART Papers complex.Now it’s up to an interested company to complete its due diligence and obtain the equipment from the asset liquidator that SMART hired last fall.City Manager Joshua Smith said Thursday that the ...
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