Business Stories for January 2013
Stories for Friday, January 18
First Financial names new CFO
First Financial Bancorp announced Friday a new chief financial officer to succeed long-time executive Frank Hall.Anthony Stollings, executive vice president and chief risk officer, was named the company’s new CFO effective Friday.Frank Hall, executive vice president, chief financial officer and chief operating officer, will assist First Financial in the transition ...
GE earnings rise on emerging market growth
By Jonathan FaheyAP Energy WriterNEW YORK (AP) — General Electric Co.’s net income rose 8 percent in the fourth quarter as earnings at all of the conglomerate’s industrial segments improved due to growth in developing economies.GE, based in Fairfield, Conn., reported net income of $4 billion Friday on revenue of ...
Regional bank Fifth Third’s 4Q profit tops Street
By Dan SewellAssociated PressCINCINNATI (AP) — Regional banker Fifth Third Bancorp reported Thursday that its fourth-quarter net income jumped 28 percent, helped by improving credit conditions.The Cincinnati-based company earned $390 million, or 43 cents per share, for the period ended Dec. 31. That compares with $305 million, or 33 cents ...
Stories for Thursday, January 17
Ohio Business Matchmaker Conference pairs suppliers, buyers
The Ohio Business Matchmaker Conference is like “speed dating” for small business owners looking for potential contracting opportunities.The eighth annual event, to be held March 27-28 at the Dayton Convention Center, pairs small businesses with government agencies and prime contractors for one-on-one meetings and training. The 10-minute meetings are scheduled ...
US home construction in 2012 highest in 4 years
Staff and wire report U.S. builders started work on homes in December at the fastest pace in 4 ½ years and finished 2012 as their best year for residential construction since the early stages of the housing crisis. The Commerce Department said Thursday that builders broke ground on houses and ...
Kroger opens at Austin Landing
The parking lot was full Thursday morning as Kroger opened its new store at Austin Landing.The opening of the $15 million, 97,000-square-foot store featured a band strolling the aisles and a full-size Wright “B” Flyer parked near the check-out area.Judy and David LaRue said the new store was smaller than ...
Stories for Tuesday, January 15
Car bling designed to grab attention
By Jeff KaroubAP Business Writer DETROIT (AP) — Headlights, grilles and other doodads are stepping up and popping out on cars.Car bling is proliferating, from daytime running lights that go up the hood of the new Cadillac ATS, to a wide, bold grille on the Ford Fusion, to engraving within ...
Real estate firm Real Living merges with Columbus company
The Southwest Ohio brokerage of Real Living Realty Services has merged with HER Realtors of Columbus, the companies announced Tuesday.Real Living Realty Services has 18 offices with approximatley 275 real estate agents in the Cincinnati, Dayton and Springfield areas, including a Middletown office. The local region brokerage is agent-owned, and ...
Ohio ranks No. 2 for heating-cooling work
Ohio ranks second in the nation among the top states to work in heating, ventilation, air conditioning and refrigeration (HVACR), according to industry data and insights from Sidney-based Emerson Climate Technologies.The HVACR industry is facing a shortage of qualified technicians, with needs for an additional 57,000 skilled workers each year ...
Companies increase stockpiles
WASHINGTON (AP) — U.S. companies increased their stockpiles a steady pace in November from October, responding to a solid increase in sales.The Commerce Department said Tuesday that business inventories grew 0.3 percent in November, matching the October gain.Sales rose 1 percent in November, the best showing since a 1.2 percent ...
Ohio ranks No. 2 for HVACR work
Ohio ranks second in the nation among the top states to work in heating, ventilation, air conditioning and refrigeration (HVACR), according to industry data and insights from Emerson Climate Technologies.The HVACR industry is facing a shortage of qualified technicians, with needs for an additional 57,000 skilled workers each year to ...
Stories for Monday, January 14
4,000 jobs open at Kings Island
Kings Island, a major generator of local tourism dollars, is taking applications now for more than 4,000 full- and part-time jobs available this upcoming season, park operators said. The only way to apply is online at www.visitkingsisland.com. Qualified applicants will be contacted for an interview, said Don Helbig, spokesman for ...
Roto-Rooter to build $5.5M office at Austin interchange
Roto-Rooter plans to spend as much as $5.5 million on a 31,000-square-foot office, training and service complex northwest of the Austin Boulevard interchange of Interstate 75. About 90 employees, including 80 plumbers or technicians, would work from the facility. The 90 employees would include 10 to 25 new workers, spokesman ...
Beavercreek sub shop to open ahead of schedule
BEAVERCREEK — The newly constructed DiBella’s Old Fashioned Submarines store at 2544 Zink Road in Beavercreek will open its doors Jan. 24, more than two months ahead of schedule, according to officials with the Rochester, N.Y.-based restaurant chain. The area’s first DiBella’s Old Fashioned Submarines restaurant opened nearly a year ...
Ram 1500 pickup wins Truck of the Year, Honda Accord finalist for Car of the Year
By Jeff KaroubAP Business WriterDETROIT (AP) — The North American Truck of the Year is the Ram 1500 pickup.The winner was unveiled Monday morning at Cobo Center in Detroit.Car finalists are the Cadillac ATS, Ford Fusion, and Honda Accord. Truck/utility finalists were the Ford C-Max, Mazda CX-5, along with the ...
Taco Bell testing ‘$1 Cravings’ value menu
By Candice ChoiAP Food Industry WriterNEW YORK (AP) — Taco Bell is testing a new value menu that could put it in more direct competition with the Dollar Menu at McDonald’s.The Mexican-fast-food chain is testing a “$1 Cravings Menu” in two markets that lists nine items, including three new offerings. ...
Stories for Saturday, January 12
Why do I have a smaller paycheck this year?
Even with Congress and President Obama reaching an 11th-hour deal to prevent the country from going over the much-hyped “Fiscal Cliff,” the New Year has brought an increase in taxes for all American families — and for many that means an almost immediate reduction in take-home pay. We checked in ...
Stories for Friday, January 11
Ford to hire 2,200 white-collar workers
Ford said Friday it plans to hire 2,200 engineers, computer programmers and other white-collar workers this year as demand for its vehicles in the U.S. grows. The 2,200 would represent the highest number of salaried workers the automaker has hired in more than 10 years. Ford has a strong presence ...
US trade gap grows to $48.7B, as imports surge
By Martin CrutsingerAP Economics WriterWASHINGTON (AP) — The U.S. trade deficit expanded in November to its widest point in seven months, driven by a surge in imports that outpaced only modest growth in exports.The Commerce Department report Friday suggests trade will drag on economic growth in the October-December quarter. A ...
Frontier Airlines discontinues service from Dayton
Frontier Airlines will discontinue service to Dayton International Airport as of May 31, Terry Slaybaugh, the airport’s director of aviation, said Friday.Slaybaugh said that although Frontier hasn’t said as much, he believes the airline has decided not to compete with Southwest Airlines, which began service from Dayton International on Aug. ...
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