Business Stories for May 2012
Stories for Monday, May 14
Fifth Third to sponsor NASCAR’s Matt Kenseth
Cincinnati-based Fifth Third Bancorp is jumping into NASCAR.The bank announced Monday morning a multi-year marketing partnership with Roush Fenway Racing, beginning this season with four races as the primary sponsor of Matt Kenseth’s No. 17 Ford Fusion in the NASCAR Sprint Cup Series, according to a news release from the ...
UD conference looks at cyberspace laws
Legally tracking digital footprints is among the topics to be discussed June 8 at a University of Dayton School of Law conference about recent developments in computer and cyberspace laws.“iDectective: Tracking Digital Footprints in the Litigation of Tomorrow” will explore how modern cyber sleuths follow people’s trails in digital environments, ...
Technology First elects new officers
Technology First, a regional information technology trade association, has announced its newly elected officers for 2012-13.Steve Hangen will serve as board chair. Hangen is chief information officer for WinWholesale, a Dayton-based distributor of domestic and industrial supplies and materials.Jeff Van Fleet, chief executive of Lighthouse Technologies, will serve as vice ...
Mason defense firm lays off 34
A Mason defense contractor will lay off 34 employees, the company has told the state of Ohio.L-3 Communications Cincinnati Electronics was to lay the workers off permanently starting late last week, the company’s senior director of human resources, Alison McKinnon, wrote in a letter to the Ohio Department of Job ...
Stories for Thursday, May 10
Procter & Gamble moving skin care headquarters to Singapore
Staff and wire reportProcter & Gamble Co will move its skin care, cosmetics and personal-care headquarters from Ohio to Singapore to be closer to the growing Asian market, and the president of the group will leave rather than move.The change announced Thursday is expected to affect no more than 20 ...
CAT Logistics sale does not affect Clayton site
Caterpillar Inc.’s sale of equity in Caterpillar Logistic Services’ third-party logistics division will not affect the Caterpillar Logistics facility in Clayton, a company spokeswoman said Thursday.Caterpillar Inc. said it has signed an agreement that will result in Platinum Equity taking a 65 percent stake in Caterpillar Logistics Services, the third ...
Stories for Wednesday, May 9
IT job fair scheduled for June 6
Technology First will host a job fair June 6 for information technology professionals in response to the needs of local employers. While overall job growth has been slowly recovering in recent years, the job demand in the IT industry has seen steady growth and a need for more professionals, said ...
P&G to offer separation deals to US staff
Procter & Gamble Co. said it will ask its U.S. non-manufacturing employees to indicate interest in voluntary separation packages that are part of the company’s $10 billion restructuring plan.P&G, which makes Tide detergent and Gillette razors, said in February it is seeking to cut 10 percent of its global non-manufacturing ...
Bed Bath & Beyond to buy Cost Plus for $494M
NEW YORK — Bed Bath & Beyond Inc. said Wednesday that it agreed to buy smaller home goods retailer Cost Plus Inc. for about $495 million after getting promising results from a joint effort to put a specialty food department in some Bed Bath & Beyond stores. Bed Bath & ...
Dayton company to ring NYSE closing bell
Representatives of Standard Register will be ringing the closing bell at the New York Stock Exchange (NYSE) Friday afternoon, a statement from the company said.The Dayton-based business services company is marking its 100th anniversary this week with employee activities at all its U.S. and Mexico locations. And the firm is ...
Stories for Tuesday, May 8
Are you a skilled tradesman having trouble finding a job?
Are your a machinist, welder or another type of skilled tradesman having a hard time finding a job in manufacturing? If so, we’d like to tell your story. Please contact Dayton Daily News reporter Randy Tucker at (937) 225-2437 or rtucker@DaytonDailyNews.com.
Air Force awards $7.6M contract to Lockheed Martin
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force awarded a $7.6 million contract to Lockheed Martin Corp. to support air crew training for C-130 transport planes.The Aeronautical Systems Center at Wright-Patterson Air Force Base awarded the contract. Lockheed is to complete the work at training locations in Arkansas, Georgia, Texas, ...
Huntington remains among top SBA loan generators
The U.S. Small Business Administration has recognized Huntington Bancshares Inc. as the nation’s No. 3 lender for SBA 7(a) loans and the leading bank in the Midwest for both the number and dollar amount of those loans.According to the SBA, Huntington made 1,235 SBA 7(a) loans for a total of ...
Wendy’s returns to 1st-quarter profit
DUBLIN, Ohio — The Wendy’s Co. returned to a first-quarter profit as it recorded a large gain on the sale of an investment. But the casual dining chain’s results missed analysts’ expectations and it cut its 2012 forecast.Wendy’s stock dropped more than 2 percent in premarket trading.For the period ended ...
Stories for Monday, May 7
Gas prices in Ohio linger well below 2011 highs
COLUMBUS — Ohio gas prices are hovering about 40 cents below the record highs reached a year ago.The state’s average price for regular gas is $3.76 a gallon in Monday’s survey from auto club AAA, the Oil Price Information Service and Wright Express. That’s up 2 cents compared with the ...
Stories for Saturday, May 5
Claims about gas-saving devices, additives fall short
People will do just about anything these days to save a buck, including taking advantage of ways to save at the gas pump. With the cost of a gallon of gas surging to about $4 a gallon, people are looking for opportunities to stay ahead of the fuel mayhem and ...
Michigan town near Ohio could become ‘China City’
The southeastern Michigan city of Milan, a 40-minute or so commute to Toledo or Detroit industrial centers, might become the new home for a 200-acre or larger “China City” that would house Chinese business people.Milan, a city of 6,000 surrounded by farm fields, is the locale for an unusual deal ...
Stories for Friday, May 4
Jobless rate dips; growth falls short
The U.S. unemployment rate dipped in April, but job growth fell below most economists’ expectations, reflecting a still painfully tight labor market for job seekers in Ohio and the U.S.Total nonfarm employment rose by 115,000 in April, missing consensus growth estimates by as many as 50,000 jobs, the Department of ...
Earnings rise for DP&L owner
AES Corp., the parent company of Dayton Power & Light Co., on Friday reported first quarter 2012 adjusted earnings per share rose to 37 from 13 cents in first quarter 2011 as cash from operations increased six percent to $534 million.Results were due to new businesses in the United States, ...
Stories for Thursday, May 3
Kings Island parent reports higher sales
MASON — Kings Island’s parent company, Cedar Fair Entertainment Co., reported today a first-quarter net loss of $65.2 million. That’s a smaller net loss than the same quarter of 2011 due to higher revenues and better finances, according to Cedar Fair.The amusement and water park operator said it’s typical to ...
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}