You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

breaking news

Ohio sues to recoup $604K it spent on tainted Enon water cleanup

In brief


REAL ESTATE

Local real estate investment firm The Connor Group this week purchased an apartment community in Cary, N.C., near Raleigh, company officials announced. The closing marks the company’s third acquisition this year in its third different market.

The Connor Group purchased the property from Amberwood Apartments Associates LP for $18.1 million, officials said. The property, Amberwood at Lochmere, is a 206-unit garden-style community featuring tennis courts, a putting green, playground, and walking and hiking trails.

The company earlier this year purchased properties in Nashville and Charlotte, N.C.

The Connor Group was founded in 1991 in Dayton. It now owns more than $1.5 billion in assets. STAFF REPORT

ACQUISITION

Reynolds and Reynolds acquires tech company

Kettering-based Reynolds and Reynolds announced Thursday that it has acquired XtremeService, a software company that helps automotive dealerships reach customers more effectively and improve sales, service and customer retention rates.

Terms of the deal were not disclosed.

Xtreme is a data mining tool for dealership management systems that allows dealers to identify customers that are most likely to purchase a new vehicle.

The acquisition will strengthen Reynolds’ Retail Management System to help dealerships work more efficiently and reach customers more effectively, officials said.

In August, Reynolds announced it had purchased Boston-based IMN, a digital marketing company that delivers branded newsletters and content for the automotive market. Also in August, the company said that its Documents Services division has acquired Virginia-based Orlando Business Systems, which provides business forms to automotive dealerships. Terms of those acquisitions were not released.

Reynolds, a privately held company that develops and sells information management systems for automobile dealers, has about 1,300 employees in Kettering. The company also has major operations in Houston and College Station, Texas and Celina, Ohio. DAVE LARSEN

EARNINGS

Gap reports profit increase

Gap Inc. is reporting a 9.4 percent increase in third-quarter earnings as the fashion retailer’s turnaround continues.

The San Francisco-based chain, which operates Gap stores, Old Navy and Banana Republic, posted net income of $337 million, or 72 cents per share, in the three-month period ended Nov. 2. That compares with $308 million, or 63 cents per share, in the year-ago period.

Revenue rose 2.8 percent to $3.98 billion.

Analysts were expecting 71 cents per share on revenue of $3.98 billion.

Gap also reaffirmed its full-year profit guidance and said it’s increasing its stock buyback authorization by $1 billion. ASSOCIATED PRESS


Reader Comments ...


Next Up in Business

Springfield native brings fashion show to Upper Valley Mall
Springfield native brings fashion show to Upper Valley Mall

The Upper Valley Mall will be the center of area fashion on Sunday, June 25. The second “Fashion. Forward. Fusion.” Fashion Show will gather designers from Springfield, Dayton, Cincinnati and Columbus to showcase their latest offerings, 5 to 7:30 p.m. at the former MC Sports location. READ MORE: Goat yoga craze stretches into Clark County...
Snapchat introduces location-sharing with Snap Map
Snapchat introduces location-sharing with Snap Map

Snapchat is introducing a new way to locate your friends with the Snap Map.  The social media platform announced the news this week, revealing that the location-sharing feature will allow friends to find each other or anyone in the world using its map.  “We've built a whole new way to explore the world! See what's happening, find your...
Dayton Air Show announces paved parking for 2017 show
Dayton Air Show announces paved parking for 2017 show

Record rainfall on Friday is forcing coordinators of the Vectren Dayton Air Show at the Dayton International Airport to direct people today to alternative and paved parking sites. Two years ago, monsoon-like heavy rains pummeled the first day of the air show, causing many vehicles to become mired in muddy, grassy parking spots near the airport. Air...
JOB ALERT: Kroger to hire for 800 open positions at all locations
JOB ALERT: Kroger to hire for 800 open positions at all locations

Cincinnati-headquartered Kroger is hiring for 800 open positions at all Kroger locations. The grocery retailer is looking for new employees during a hiring event on Saturday from 11 a.m. to 4 p.m. at all Kroger stores. Positions are open in the following departments: deli, bakery, meat and seafood, Starbucks, grocery and ClickList. Interested applicants...
Goat yoga craze stretches into Clark County
Goat yoga craze stretches into Clark County

Clark County residents have a chance to take part in a new fitness craze, goat yoga, which combines traditional yoga with baby goats. The Smiling Prairie Goat Farm, 9697 Chenoweth Rd., South Charleston, is offering classes this summer. The next class will be 10 a.m. to noon Saturday. The cost is $25 a person. Sisters Jeri LaVielle and Linda Leonhard...
More Stories