Business Stories for May 2012
Stories for Wednesday, May 23
Macy’s partners with Chinese online retailer
NEW YORK — Macy’s Inc. said Wednesday that it acquired a stake in the operator of a Chinese online retailer, which will start selling some of the department store chain’s private label merchandise next spring.Cincinnati-based Macy’s said it had invested $15 million in VIPStore Co., which operates omei.com, a newly ...
Stories for Tuesday, May 22
CareSource adding 200 more new jobs
CareSource said Tuesday it will add 200 new jobs on top of the 150 jobs announced Monday as the Medicaid provider’s business continues to expand.The 200 jobs — about half of which will be added at the North Main Street headquarters in downtown Dayton — will come later this year ...
Woolpert opens office in Dover
Woolpert, a Dayton-based architecture and engineering services firm, has opened an office in Dover, Ohio. The new office will support the firm’s growth in northern and eastern Ohio, company officials said.“Woolpert is proud to support Ohio’s economy, and we have built a strong history in Ohio spanning more than 100 ...
Ohio Third Frontier hosts tech validation and start-up fund workshop
The Ohio Third Frontier and YourEncore will host a workshop and bidder’s conference on Thursday for potential applicants to the Technology Validation and Start-up Fund program (TVSF). The conference will be held at 10 a.m. at TechColumbus, 1275 Kinnear Road, Columbus.Eligible lead applicants for Phase 1 TVSF awards are technology ...
Stories for Monday, May 21
U.S. SBA names KeyBank large lender of the year
KeyBank National Association was named today the large lender of the year by the U.S. Small Business Administration.One of the reasons it received the reward was because the bank grew by almost 31 percent its number of SBA-backed loans during the 2011 federal fiscal year that ended Sept. 30, 2011, ...
NASA astronaut to appear at Dayton Air Show
DAYTON — Kroger Co. supermarkets on Monday began selling discounted tickets for the Vectren Dayton Air Show, scheduled July 7-8 at Dayton International Airport.Vectren Corp. and Kroger are the principal corporate sponsors of the annual air show.NASA astronaut Gregory H. Johnson, a 1980 graduate of what was then Park Hills ...
Water conference begins Tuesday at UD River Campus.
The Dayton area’s third annual water conference begins Tuesday.Making Water Connections 2012 will start Tuesday morning at the University of Dayton’s River Campus, the former NCR Corp. headquarters building, 1700 S. Patterson Blvd., Dayton.The event explores the importance of water and water technologies to business and industry.Nina Joshi, president and ...
Stories for Friday, May 18
LCNB ranked nationally for high return
LEBANON — LCNB National Bank has been recognized for its "outstanding" three-year average return on equity by American Banker Magazine in its May edition, the bank said.LCNB is ranked 53rd for its return on equity out of 200 community banks and thrifts with total assets of less than $2 billion, ...
Cables To Go announces 'Multi-Format' upgrade
Cables To Go, a Dayton-based manufacturer and distributor of computer cables and electronic connectivity products, has announced an upgrade to its RapidRun product line.RapidRun Multi-Format features enhanced engineering that includes individually shielded pairs and an isolated ground for audio lines. Company officials said the upgrades help meet the demand for ...
Frisch’s closes sale of Golden Corral restaurants
CINCINNATI — Frisch’s Restaurants Inc. has closed on the previously announced sale of all of its Golden Corral operations and real estate consisting of 29 restaurants in Ohio, Indiana, Kentucky, West Virginia and Pennsylvania to Golden Corral Corp. The purchase price for the sale is $49.8 million, before closing adjustments, ...
3 local business on agenda for tax credits
Three area companies have projects before the Ohio Tax Credit Authority next week.The authority will meet Monday to consider those projects and others from across the state.Corbus LLC, of Miamisburg; Midmark of Versailles in Darke County; and Industry Products Co. of Piqua are all on the authority’s agenda for the ...
Northrop Grumman to develop counter for roadside bomb
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force awarded a $33.3 million contract to Northrop Grumman Systems Corp. to test battlefield sensor systems and develop equipment to combat homemade bombs used by terrorists.The Air Force Research Laboratory at Wright-Patterson Air Force Base awarded the contract. Northrop Grumman will do the ...
Stories for Thursday, May 17
Miller-Valentine, Gem Real Estate merging operations
Miller-Valentine Group and Gem Real Estate Group are combining their property management, brokerage and leasing services groups in a move that, according to the companies, will create the Dayton region’s largest commercial real estate company.Miller-Valentine Group’s construction, development and residential businesses and Gem Real Estate’s Advisory Services business will not ...
Stories for Wednesday, May 16
Business owners advised to invest this summer
MORAINE — As scary as it might sound in light of European deficit talks and an upcoming presidential election, this summer might be the best time for business owners to invest in their companies, said John Augustine, Fifth Third Bank chief market strategist.The U.S. economy is expected to grow this ...
Wages for new grads slide
The wages of young college graduates have fared poorly during the Great Recession and its aftermath, according to a report released Wednesday by the Economic Policy Institute.In 2011, young college graduates had an average hourly wage of $16.81 per hour, which translates into an annual income of roughly $35,000 for ...
Fifth Third Bank to introduce new ATM technology
Fifth Third Bank customers might soon be able to deposit in an ATM up to 50 cash bills and checks at the same time, instead of inserting items one-at-a-time.Fifth Third announced Tuesday a partnership with ATM-maker NCR Corp. and software-maker Phoenix Interactive to offer ATM mixed-media, and said it’s the ...
Stories for Tuesday, May 15
Brown backs solar fight
An ongoing trade fight over which nation will dominate the emerging solar power industry took a new turn Tuesday when U.S. Sens. Sherrod Brown, D-Ohio, and Charles Schumer, D-N.Y., announced a proposal to prohibit Chinese products from taking advantage of U.S. tax credits.The bill would bar Chinese-made solar panels from ...
LCNB Corp. declares dividend
LEBANON — LCNB Corp. Monday declared a second-quarter dividend of 16 cents per share, the same dividend amount issued in the first quarter.The dividend will be paid June 15 to shareholders who own stock as of June 1, the Warren County banking company said. Company directors made the decision during ...
Warmer weather pushes Home Depot first-quarter profit up
ATLANTA — Home Depot says its fiscal first-quarter profit climbed 27.5 percent as warmer weather brought consumers out for spring gardening and lawn products.The world’s biggest home-improvement company also boosted its 2012 financial outlook Tuesday, citing its year-to-date performance.But the Atlanta retailer’s quarterly revenue results and its full-year revenue guidance ...
Stories for Monday, May 14
Mike-sell’s has new CEO
Mike-sell’s Snack Food Co. has a new chief executive, Charles “Chuck” Shive Jr. Based in Dayton with manufacturing plants in Dayton and Indianapolis and distribution centers in Cincinnati, Columbus, Sabina and Louisville, the company on Monday announced Shive as its CEO, effective immediately. This announcement follows the retirement of David ...
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