Business Stories for October 2012
Stories for Wednesday, October 31
US stocks mixed after historic 2-day close
By BERNARD CONDONAssociated PressStocks closed mixed on Wednesday in their first session since Hurricane Sandy forced a historic two-day shutdown of trading.The Dow Jones industrial average slipped 10.75 points to 13,096.46. The Standard & Poor’s 500 index rose, but barely — up 0.22 of a point to 1,412.16.Investors were nervous ...
GE partners with Japanese company for new engines
GE Aviation has formed a partnership with Mitsui & Co. Ltd. to help develop key technologies for GE’s next generation large commercial jet engines.Japanese-based Mitsui will provide financial support to GE Aviation, said GE spokeswoman Deb Case.GE Aviation said it is in an “aggressive” technology and material development program for ...
Optimistic Ohioans to spend more on holiday shopping, survey says
Ohio consumers have a more positive outlook about the economy and their household finances and are planning to spend more on holiday gifts, according to a Deloitte survey released Wednesday.The results — based on a survey of 500 Ohioans and 5,089 people nationwide in mid-September — are good news for ...
Online help-wanted ads fall in Ohio
The number of online help-wanted ads in Ohio fell by 9,300 last month, reflecting a sharp pullback in labor demand after several months of above average growth, The Conference Board reported Wednesday.So far this year, Ohio has posted a net gain of 12,800 advertised vacancies, up about 8 percent from ...
Stories for Tuesday, October 30
Business Halloween Style
Halloween is one of the most profitable commercial holidays in the United States. For many retailers and entertainers, Halloween is the true beginning of the busy holiday shopping season. Hispanic Americans partake in the celebrations, but for their relatives, friends and business associates in Latin America, Halloween is considered an ...
Stories for Friday, October 26
Boeing encourages suppliers to attend outsourcing workshop
SEATTLE (AP) — Boeing is encouraging its suppliers to attend a workshop next month to learn how to outsource business to Mexico.The Seattle Times reports that Patrick McKenna, director of Supply Chain Strategy and Supplier Management at Boeing Commercial Airplanes, has urged suppliers to attend a Nov. 15 workshop in ...
First Financial reports higher earnings, announces stock buyback
First Financial Bancorp has reported quarterly earnings and said it plans to do a stock buyback and continues to implement cost cuts.Third-quarter net income was $16.2 million, First Financial said, lower than second-quarter earnings of $17.8 million; but higher than year-ago profits of $15.6 million, the bank said.Along with earnings, ...
Stories for Thursday, October 25
P&G’s net income falls, but company still beats expectations
CINCINNATI (AP) — Procter & Gamble said Thursday that its fiscal first quarter net income fell 7 percent, as costs related to restructuring and the stronger dollar weighed on results. But the world’s largest consumer products maker’s adjusted results beat expectations on Wall Street, as it cut costs, made market ...
Stories for Wednesday, October 24
Gas prices hovering near $3 a gallon
There appears to be relief at the gas pump as prices are falling below $3 per gallon in some areas. The lowest spotted in Southwest Ohio as reported to the gasbuddy.com analysts is $2.99 per gallon at three gas stations in Butler County. Montgomery County’s lowest price reported is $3.07 ...
Stories for Tuesday, October 23
Stocks sink as DuPont, Xerox, 3M scare investors
By CHRISTINA REXRODEAssociated PressNobody was expecting this round of corporate financial reports to be great. But underwhelming results — particularly revenue, which offers a read on the economy — are still rattling investors.The Dow Jones industrial average plunged Tuesday to its lowest level in nearly seven weeks. Big-name companies reported ...
Local unemployment drops
Unemployment fell across the Miami Valley last month, continuing a long-term trend in which the average jobless rate for the region dropped to 6.3 percent from 8.2 percent over the past 12 months, based on figures released Tuesday by the Ohio Department of Job and Family Services.In Montgomery County, the ...
Kroger looks to hire 300 for new Austin store
The Kroger Co. is looking for 300 workers for its new Austin Boulevard store. The grocer will have a career fair at the Wyndham Garden South Hotel, 31 Prestige Plaza Drive, Miamisburg, from 9 a.m. to 3 p.m. Friday and Saturday, the company said. “Hiring for several interesting and exciting ...
AK Steel reports $60.9M net loss
AK Steel Corp. posted Tuesday a quarterly net loss of $60.9 million, on higher plant maintenance costs and a challenging economy.This compares to a net loss for the third quarter last year of $3.5 million, according to the Butler County steelmaker.AK Steel had $28.5 million this last quarter in planned ...
For Hispanic businesswomen, self-assurance means success
What are the most important traits that female owners of Hispanic business enterprises need to become market leaders? Most self-help book authors and business analysts will likely answer this question with a list of leadership and management traits that includes the following skills: Communication Determination Innovation Networking Time Management ...
Stories for Monday, October 22
Former VP says Goldman Sachs deceived clients
By CHRISTINA REXRODEAssociated PressGreg Smith wrote the essay that echoed across Wall Street like a thunderclap.Smith, 33, was a vice president at Goldman Sachs until March. He announced his departure from the investment bank with a blistering essay in The New York Times, accusing Goldman of routinely deceiving clients and ...
Russia’s Rosneft buys out TNK-BP
NATALIYA VASILYEVA and ROBERT BARRAssociated PressRussian state-owned oil giant Rosneft strengthened its hold on the country’s lucrative oil industry when it sealed a deal Monday to buy TNK-BP, the 50-50 joint venture between BP, the British energy country, and a group of Russian oil oligarchs.The deal will allow Rosneft, already ...
Stories for Saturday, October 20
Analysts, PC industry cool on Windows 8
While Microsoft is touting this coming week’s launch of Windows 8 as the savior of the computer industry, PC makers and analysts are increasingly skeptical that the new operating system will lure consumers away from tablets and smartphones. Even Intel Corp., which makes the processors at the heart of 80 ...
Stories for Friday, October 19
Tips on avoiding getting tricked at Halloween
Halloween has been celebrated for more than one hundred years. In fact, Americans spend almost $8 million on candy, pumpkins, decorations and costumes for this holiday. With Beggar’s night around the corner, your Better Business Bureau offers some tips to keep this holiday a treat and help you avoid getting ...
Early look at Windows 8 baffles consumers
By PETER SVENSSON Associated Press The release of Microsoft’s Windows 8 operating system is a week away, and consumers are in for a shock. Windows, used in one form or another for a generation, is getting a completely different look that will force users to learn new ways to get ...
GE 3Q earnings rise; revenue disappoints
By JONATHAN FAHEYAssociated PressGeneral Electric Co.’s transformation into a more simple industrial company seems to be helping its bottom line.The top line, though, is lagging slightly.GE’s net income rose 49 percent in the third quarter to $3.49 billion, or 33 cents per share. On an adjusted basis, GE earned 36 ...
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