Business Stories for December 2010
Stories for Friday, December 31
Ohio’s economy still stuck in no-growth cycle, expert says
It may be a brand new year, but state officials say Ohioans can expect the same old stagnant job market for some months to come. Officials at the Ohio Department of Job and Family Services say job losses may be bottoming out, but the recovery will continue to be weak ...
Stories for Wednesday, December 29
High stocks may mean best December since '91
NEW YORK — Stocks finished higher Wednesday as the market continued on pace for its best December in nearly 20 years.The Standard and Poor’s 500-stock index — the market measure used by most professional investors — has gained 6.7 percent this month. If it closes Friday at this level or ...
Stories for Tuesday, December 28
Obama’s adviser pick may help Ohio
President Obama’s upcoming selection of a new top economic advisor could be a double-edged sword for struggling Ohio, according to noted academic economists in the state.The replacement for Lawrence Summers could lift the Midwestern economy if Obama selects a person “who believes in open markets, in helping American companies compete ...
Stories for Saturday, December 25
Navistar: Springfield plant to launch new line
Navistar Inc., Springfield Operation, will begin 2011 with a new contract, a new production plan and, according to its new general plant manager, “a new lease on life.“Jim Rumpf, former operations manager for Springfield’s Cab Assembly, Stamping and Paint facilities, was named general plant manager on Dec. 6. He replaces ...
A year in Guebert: Readers see political bias, bad math, little sense
Another final column of the year and, as is the custom, another year where readers will have the final word. Some of their words are bitter, some are sweet and all arrive with either red hot passion or cold blue conviction.Take the mid-August e-mail that started, “You didn’t do a ...
Stories for Thursday, December 23
Wright-Patt programs to benefit from new defense spending bill
WASHINGTON — The defense spending legislation approved by Congress and sent to the White House includes a provision to expand hiring authority by laboratories at Wright-Patterson Air Force Base, U.S. Rep. Mike Turner said.That would double the portion of the laboratory work force that the Air Force Research Laboratory and ...
WPAFB programs benefit from new defense spending bill
WASHINGTON — The defense spending legislation approved by Congress and sent to the White House includes a provision to expand hiring authority by laboratories at Wright-Patterson Air Force Base, U.S. Rep. Mike Turner said.That would double the portion of the laboratory work force that the Air Force Research Laboratory and ...
Urbana company to provide aviation lighting for U.S. Army
Grimes Aerospace Co., of Urbana, has been awarded a $14.7 million contract to provide aviation lighting power supplies to the Army, the Defense Department said.Grimes, the company founded in the 1930s by businessman Warren Grimes, dubbed “the father of aircraft lighting,” has been a dominant provider of aircraft lighting for ...
Hope Hotel gets more time for bankruptcy reorganization plan
WRIGHT-PATTERSON AIR FORCE BASE — The Hope Hotel and Conference Center has been granted an extension of time for filing a plan detailing how it will get out of court-supervised bankruptcy reorganization, the hotel’s owner said.The U.S. Bankruptcy Court in Dayton has granted an extension until early February of the ...
Stories for Tuesday, December 21
Wright State University to lead research efforts for Air Force
FAIRBORN — Wright State University has been awarded Air Force contracts to lead human-performance research intended to support anti-terrorism efforts and examine how combat fatigue affects troops, university officials said Tuesday. The Wright State Research Institute, with corporate, medical and nonprofit partners, is to lead the research with partners in ...
Stories for Monday, December 20
Major airlines post highest profit margin in eight years
In the third quarter, major airlines posted their highest profit margin in eight years of record-keeping by the U.S. Bureau of Transportation Statistics, while low-cost carriers posted their second-highest profit margin during that period, the government reported Monday. A group of six major airlines reported an operating profit margin of ...
Latest replica of Wright “B” Flyer to get flight testing
MIAMI TWP., Montgomery County — Aviation enthusiasts dedicated to preserving the Wright brothers’ legacy expect to start test flights in spring 2011 of a new replica of one of the brothers’ earliest airplanes, the Wright “B” Flyer.Volunteer test pilots with the Wright “B” Flyer Inc. organization have been doing taxiing ...
Stories for Friday, December 17
Tax bill passing relief to accountants, advisers
Passage of a massive bipartisan tax package that created so much grumbling in Washington comes as welcome news to those who prepare taxes or process payroll.President Obama signed an $858 billion tax package into law Friday. The House of Representatives passed it late Thursday.The measure extends tax rates for earners ...
Ohio jobless rate drops for eighth month
COLUMBUS— For the eighth straight month, Ohio’s unemployment rate dropped in November – to 9.8 percent – and for the first time in nearly eight years the state’s rate was not higher than the national rate, the state Department of Job and Family Services reported Friday.The national rate for November ...
Stories for Tuesday, December 14
Air Force awards $31.8 million in contract work to Northrop
WRIGHT-PATTERSON AIR FORCE BASE — The Aeronautical Systems Center, which is based here, has awarded $31.8 million in contract work to Northrop Grumman Systems Corp. for continuing support to Air Force weapons systems. A $19 million modification of an existing contract authorizes continued funding for Northrop Grumman software maintenance and ...
Stories for Monday, December 13
Renovated Bushnell Building may be tipping point for downtown
SPRINGFIELD — The exterior of the Bushnell Building tells the story of Springfield’s influence and glamour during the 1890s. Owner Jim Lagos hopes the interior of the 117-year-old building will soon tell the story of the city’s 21st-century rebirth.The building, at 14 E. Main St., is nearing the end of ...
Air Force seeks comment on aircraft switch
WRIGHT-PATTERSON AIR FORCE BASE — Businesses and residents have until Jan. 3 to tell the Air Force if they have environmental concerns about the base’s plan to replace its aging C-5 Galaxy transport airplanes with newer C-17 Globemaster planes.The Air Force said it has done an environmental assessment study that ...
Stories for Saturday, December 11
Springfield B2B: Young’s serves up ice cream topped with family fun
The excitement of a little boy waddling toward his parents with a pumpkin almost as big as he, yelling “I found it, I found it,” captures the essence of what Young’s Jersey Dairy strives to achieve.The pumpkin-picking youngster’s enthusiasm made it obvious that he was hardly concerned about the day’s ...
Springfield B2B: Paygro turns other people’s trash into a profitable commodity
Our mothers always told us not to waste food.South Charleston’s Paygro Inc. takes mom’s directive to a whole new level.A Class II composting facility, Paygro receives food waste from a variety of sources including ConAgra, Dole Fresh Vegetables, and Whole Foods Market and converts this refuse into usable products such ...
Springfield B2B: Grow Your Market Share
It’s a feat that Juan Munoz calls almost impossible to carry out.In any economic climate, opening and operating a single restaurant is arduous under the best of circumstances. Operating two or more successfully, the co-owner of the El Toro chain said, is almost unheard of.Munoz and his family now have ...
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