Business Stories for September 2012
Stories for Sunday, September 30
Latino Inspiration in Politics and Business for Hispanic Heritage Month
Ruben Gallego and Sid Espinoza are two inspirational figures and leaders in Hispanic business and politics. Gallego is the 16th District Representative to the Arizona House of Representatives while Sid Espinoza was the first ever elected Hispanic mayor of Palo Alto, CA in 2011. They have given back to their ...
Stories for Friday, September 28
Ohio banks earn $1.2 on bailout
Nearly four years after Congress passed legislation to help stabilize the nation’s banking system, most Ohio banks that participated in the Troubled Asset Relief Program have repaid their debt to U.S. taxpayers, plus a healthy profit. The U.S. Treasury injected $7.84 billion into 17 Ohio banks at the height of ...
Stories for Thursday, September 27
Ohio’s manufacturing gains likely to continue
After years of outsourcing, U.S. manufacturers are beginning to step up production at home in response to rising costs in foreign markets and the productivity of American workers. Added factory work that would have otherwise gone overseas could generate up to five million U.S. manufacturing jobs and jobs that support ...
Relax, bacon lovers, pork shortage won’t affect U.S.
For a moment there, hogs everywhere might have been snorting a sigh of relief. Earlier this week there was the prediction that a global pork shortage would drive up the prices of bacon, chops and other pork byproducts at your local grocery store. The three little pigs no doubt saw ...
BAE moving military production, cutting 160 employees
About 160 people will be losing their jobs as BAE Systems has announced it is transferring military production to its Sealy, Texas facility.The West Chester Twp. facility is releasing the employees beginning in November.BAE Systems in West Chester will continue work on commercial armored vehicles, transparent armor and JLTV engineering.Officials ...
Stories for Wednesday, September 26
Mr. Sexy Back tries to bring Myspace back
By BARBARA ORTUTAYAssociated Press“Who am I to say I want you back? When you were never mine to give away.”Those are the opening lines of a song that accompanies a “New Myspace” promotional video. The once-mighty social network is trying to stage yet another comeback with the help of Justin ...
Fewer US CEOs planning to expand, hire
By CHRISTOPHER S. RUGABERAssociated PressA survey of U.S. chief executives shows a sharp drop in the number of large companies that plan to add jobs or hire more workers.The Business Roundtable said Wednesday that only 29 percent of its member CEOs plan to increase hiring over the next six months. ...
American Greetings gets offer to go private
American Greetings Corp. said Wednesday that a group led by its CEO and chief operating officer wants to buy the company and take it private in a deal that values it at about $581 million.The Cleveland-based greeting card company’s shares jumped 15 percent on the news.American Greetings, whose brands also ...
Stories for Tuesday, September 25
New Warren County plant to create 200 jobs
A new plant to be built in Warren County is expected to create 200 jobs, according to state development officials. Plans are for an 80,000-square-foot meat processing facility to be built in Mason, following approvals of a state incentive package. The project was approved Monday for $5.5 million from the ...
Cincinnati among top cities for favorable business tax structures
Cincinnati, Baltimore and Cleveland offer the most favorable tax structures for businesses among U.S. cities/locations with populations exceeding 2 million, according to a study released Tuesday by KPMG International. Of the 55 large international cities highlighted in the study, Cincinnati, Baltimore and Cleveland all ranked in the top 20 – ...
Sales tax receipts rise again
Sales tax collections distributed by the state in September rose in all seven counties in the greater Miami Valley, with four of the counties reporting double-digit percentage gains over the same month a year ago, according to the Montgomery County Office of Management and Budget and the Ohio Department of ...
Stories for Sunday, September 23
Rising mobile data demand brings limits
The number of mobile devices is projected to surpass the world’s population in the next five years, and many wireless carriers are cashing in on the skyrocketing demand for mobile data.Verizon Wireless and AT&T, the nation’s top two wireless carriers, have phased out their unlimited data plans in favor of ...
Complaints about automated calls up sharply
So much for silence from telemarketers at the cherished dinner hour, or any other hour of the day.Complaints to the government are up sharply about unwanted phone solicitations, raising questions about how well the federal “do-not-call” registry is working. The biggest category of complaint: those annoying prerecorded pitches called robocalls ...
Stories for Thursday, September 20
Kroger to test-market clothing sales, may add apparel to other ‘marketplace’ stores
Kroger’s decision to experiment by adding clothing, shoes and other apparel at its large Marketplace store in Mansfield reflects the grocery giant’s strategy to compete aggressively with discount supercenters that have entered its turf, a University of Dayton marketing specialist said Thursday.“Kroger wants to show its teeth” to its competitors, ...
Stories for Wednesday, September 19
Macy’s NYC flagship getting $400M makeover
VERENA DOBNIKAssociated PressA $400 million makeover is giving New York’s iconic Macy’s store a sleek, new 21st-century style.And some preservationists aren’t happy about it. They see the overhaul of America’s biggest department store as scrapping classic Beaux Arts and Art Deco touches in favor of the latest trend in retail ...
Stories for Tuesday, September 18
More holiday jobs coming
The holiday hiring season kicked off Tuesday with one large retailer announcing plans to hire more seasonal employees this year and another saying it plans to hire fewer temporary workers than a year ago.Kohl’s Department Stores said Tuesday that it plans to hire more than 52,700 part-time employees nationwide this ...
Apple’s stock reaches $700 for first time
EW YORK (AP) — Apple’s stock reached $700 for the first time on Tuesday, setting a record for the company the day after it announced that orders for its iPhone 5 topped 2 million in the first 24 hours.The stock traded as high as $701.44 in the morning, up a ...
FedEx says global economy slowing, cuts forecast
NEW YORK (AP) — FedEx Corp. says the global economy is worsening and it’s cutting its forecast for the fiscal year ending in May.The world’s second largest package delivery company also said Tuesday that net income for the current quarter ending in November should fall well below last year’s quarter. ...
Kohl’s to hire nearly 53,000 workers nationwide for holiday season
Kohl’s Department Stores today announced this morning that it anticipates hiring more than 52,700 associates nationwide this holiday season, up more than 10 percent from last year.Company officials said in a news release that they’ll hire an average of 41 associates per store at its 1,146 stores nationwide, although they ...
GE Aviation picked for key AF negotiations
GE Aviation, which has 2,600 employees in the Dayton area, has been selected for negotiations on developing engine technology for the U.S. Air Force.The technology is not for a production engine, but is a demonstration program that has no announced fighter application yet, a GE Aviation spokesman said. The program ...
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