Business Stories for October 2010
Stories for Thursday, October 28
New Air Force unit to help save money on goods, services
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force on Thursday officially launched a unit intended to save the service up to 15 percent on the $10 billion it spends annually for goods and services for bases across the country. The Enterprise Sourcing Group, headquartered at Wright-Patterson Air Force Base, will ...
Stories for Wednesday, October 27
Reynolds and Reynolds names new president
KETTERING — Ron Lamb has been named president of Reynolds and Reynolds Co., the company said Wednesday. Lamb succeeds Rob Nalley, who was named vice-chairman. Both changes are effective immediately, said Reynolds, a provider of auto dealership management software and services. Lamb will report to Bob Brockman, Reynolds chairman and ...
Stories for Tuesday, October 26
Banks hit customers with higher fees
Consumers are paying higher fees than ever to use and maintain their checking accounts as banks try to counter losses from new federal regulations to curb excessive overdraft charges.Fees for ATM transactions, account maintenance and overdraft protection have all surged since new rules adopted under the Financial Reform Act took ...
Stories for Monday, October 25
Merger shows aviation industry on road to recovery
PIQUA — Tailwind Technologies Inc.’s purchase of an engine accessories manufacturer to complement Hartzell Propeller Inc. could get a boost, now that the piston-powered aircraft industry is starting to recover from a three-year slump.Tailwind Technologies on Sept. 30 completed the purchase of what was then known as Kelly Aerospace Energy ...
Stories for Sunday, October 24
Report: Area malls struggle to retain retailers
Southwest Ohio shopping malls, as a group, have seen their vacancy rates more than double and their rental rates plunge by almost three-quarters in the years since The Greene Town Center opened in Beavercreek and the bottom fell out of the local economy, a newly released report on retail activity ...
Stories for Thursday, October 21
Wright-Patterson awards contract work valued at $287 million
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force has awarded contracts with a combined value of more than $287 million for aircraft maintenance work and a research agreement.Lockheed Martin Corp. received a $162.9 million contract, plus a $115.7 million modification to a prior contract, to provide new engines and other ...
Stories for Wednesday, October 20
More science, tech students needed, AFIT official says
DAYTON — The nation needs to step up its efforts to interest young children in science and technology so they can ultimately fill jobs of the future in government and business, an Air Force Institute of Technology official said Wednesday.Rick Raines, who as director of AFIT’s Center for Cyberspace Research ...
Grand Lake businesses eligible for federal aid after toxic algae problem
The U.S. Small Business Administration has declared a disaster in Auglaize, Mercer and other counties impacted by a toxic algae bloom at Grand Lake St. Marys, and it will make assistance available, it was announced today.Funds from the SBA Economic Injury Disaster Loan Program will be available to small businesses, ...
Stories for Saturday, October 16
Seize the season: Stores hiring for the holidays
Retailers locally and nationally are expected to hire about the same amount of seasonal workers as last year as they take a cautiously optimistic view of the upcoming holiday season.While retail sales in the fourth quarter of 2009 was an improvement over the prior year, retailers are still feeling the ...
Littleton & Rue Funeral Home & Crematory receives national recognition
NEW ORLEANS — Littleton & Rue Funeral Home & Crematory, 830 N. Limestone St., Springfield, received the 2010 Pursuit of Excellence Award by the National Funeral Directors Association during the organization’s convention this week in New Orleans. One hundred sixty-six firms from around the world received this recognition, placing Littleton ...
UAW/Navistar announce tentative agreement
SPRINGFIELD — Navistar International and United Auto Workers on Saturday, have reached a tentative agreement on new four-year labor contracts, company officials announced Saturday.The agreement is subject to ratification through a majority vote by UAW members at six Navistar locations. Voting is expected to held this week at each of ...
Stories for Friday, October 15
SBA offers low-interest disaster recovery loans
The U.S. Small Business Administration is offering disaster loans to small businesses, agricultural cooperatives and private nonprofit organizations that suffered economic losses as a result of extreme weather conditions in Ohio between April 1 and Aug. 3.The SBA’s disaster declaration includes Auglaize, Champaign, Clark, Clinton, Miami, Montgomery and Warren counties. ...
Stories for Thursday, October 14
Honda plans plant expansion, 100 new jobs
New automotive jobs may be coming to Ohio. Honda Transmission Manufacturing of America is seeking an expansion of its Russells Point transmission plant — an expansion that will mean more than 100 new jobs. The company said it filed for a zoning change in Logan County as a “first step” ...
Stories for Saturday, October 9
History defines impact of Navistar-union talks
When 5,200 United Auto Workers walked off the job at International Harvester Co. (now Navistar) in 1979, the community held its collective breath waiting to see what the future held — not just for the company but for the town as well.Fast forward 30 years and that collective breath is ...
Bowers named plant manager of Carmichael
McGregor Metalworking Companies has named Keith Bowers as plant manager of the Carmichael business. Bowers, who received his mechanical engineering degree and MBA from Wright State University, is certified as a CPIM by APICS.Carmichael is a contract machine shop specializing in close-tolerance CNC milling, turning and screw machine work.Operating under ...
5K run to benefit Junior Achievement
The Junior Achievement Fearless 5K and Family Fall Festival will take place from 5 to 9 p.m. Oct. 22 at Veterans’ Park.The costume race will begin at Veteran’s Park, 107 Cliff Park Drive, and wind through Ferncliff Cemetery. Entry fee is $20 per runner or $70 for a family or ...
Agriculture development expert at Tecumseh Land Trust event
Tecumseh Land Trust and Center City Association will host a presentation by Leslie Schaller, a founder of the Appalachian Center for Economic Networks (ACEnet), from noon to 1 p.m. Oct. 15 in the Bushnell Banquet Center, 14 E. Main St.ACEnet is a business incubator that has supported food and agricultural ...
Business startup tips at workshop Oct. 15
The Small Business Development Center of Springfield will present a free business startup and financial workshop from 9 a.m. to 12:30 p.m. Oct. 15 in the SBDC office at 300 E. Auburn Ave.Workshop topics include record keeping, licenses, registrations, taxes, budgeting, sales projections and sources of capital.The sessions are free ...
Stories for Wednesday, October 6
Holiday sales are expected to climb after 2 static years
DAYTON — The National Retail Federation on Wednesday projected sales for the nation’s retailers to climb 2.3 percent to $447.1 billion this holiday season after two years of stagnant sales tied to the prolonged recession. The forecast for moderate growth comes as welcome relief for many retailers who collectively saw ...
Local company reports higher earnings
BEAVERCREEK — Industrial products manufacturer Robbins & Myers Inc. reported higher net income for the quarter, but lower net income for the year.For the fourth quarter of the company’s fiscal year, Robbins & Myers reported net income of just over $14.8 million, or 45 cents per basic share, compared to ...
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