Business Stories for June 2011
Stories for Thursday, June 30
Northrop Grumman awarded $17.5M Air Force contract
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force has awarded a $17.5 million contract to Northrop Grumman Systems Corp. for research and development work in laser detection technology used to find and examine potential targets for U.S. warplanes.The Air Force Research Laboratory at Wright-Patterson Air Force Base awarded the contract, ...
Stories for Sunday, June 26
Wright-Patt overseeing $30B in foreign arms sales
Sales of U.S. military weapons and equipment to other countries and international organizations are booming, making life busier at Wright-Patterson Air Force Base. The Air Force’s foreign military sales, managed by the Air Force Security Assistance Center at Wright-Patterson, has seen a 15 percent increase in the number of foreign ...
Stories for Friday, June 24
Air Force awards $50M in work to defense contractors
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force has awarded contract work collectively worth more than $50 million to major defense contractors, to provide equipment for F-16 jet fighter aircraft and for intelligence support services to the National Air and Space Intelligence Center at Wright-Patterson Air Force Base.The Aeronautical Systems ...
Stories for Friday, June 17
Local businessman named to Presidential council
Christopher Che, owner of local consumer labels printer Hooven-Dayton Corp., has been named to President Barack Obama's Jobs and Competitiveness Council, a White House official said Friday. Che, a Cincinnati resident, owns Hooven-Dayton, which has facilities in Huber Heights and Vandalia. He is the only Dayton-area businessman on the council, ...
Stories for Thursday, June 16
Dayton Air Show to celebrate 100 years of U.S. Navy aviation
DAYTON — The Vectren Dayton Air Show will celebrate 100 years of U.S. Navy aviation with two performance attractions during the July 23-24 show at Dayton International Airport.The schedule includes a demonstration flight by the Navy’s F/A-18 Super Hornet fighter, along with a “Legacy Flight of the Super Hornet” in ...
Stories for Tuesday, June 14
The Greene adding 3 fashion stores
Three fashion retailers will set up shop at The Greene in Beavercreek by early September. The newcomers include Columbus-based Express, a specialty clothing retailer for men and women; Old Navy, a family clothing retailer; and Gap, a seller of casual clothes and accessories. All three stores will be located on ...
Wright-Patterson awards $82.5M contract to Virginia joint venture firm
Wright-Patterson Air Force Base has chosen a joint venture of Virginia-based construction contracting companies for a major contract of up to five years, and worth a maximum of $82.5 million, for a variety of maintenance, repair and renovation projects at the base.North Island Corp., listed as an Alaskan Native-owned corporation ...
Stories for Sunday, June 12
China set to discontinue wind industry subsidies
Under pressure from the Obama administration and organized labor, China last week said it would end wind power equipment subsidies challenged in a World Trade Organization dispute.This is important for Ohio manufacturers aiming to retool to support a growing renewable energy industry, in particular ongoing plans to tap wind energy ...
Stories for Saturday, June 11
Foreign trade cheats kill jobs, senators say
A bipartisan legislative group is pushing for a crackdown on foreign trade cheats blamed by an increasingly vocal Congress for undercutting American industry and suppressing job recovery in recession-ravaged states like Ohio.The group includes U.S. Sens. Sherrod Brown, a Democrat and Rob Portman, a Republican, of Ohio. A bill introduced ...
Foreign trade cheats kill jobs, senators say
A bipartisan legislative group is pushing for a crackdown on foreign trade cheats blamed by an increasingly vocal Congress for undercutting American industry and suppressing job recovery in recession-ravaged states like Ohio.The group includes U.S. Sens. Sherrod Brown, a Democrat and Rob Portman, a Republican, of Ohio. A bill introduced ...
Navistar reports demand increasing for new trucks
SPRINGFIELD — Heavy commercial truck orders are up locally and nationwide, prompting manufacturers to increase their work force.Navistar officials confirmed last week they are mulling plans to recall the remaining laid off Springfield plant workers and to hire temporary workers due to an increase in demand.“We are evaluating, right now, ...
Stories for Tuesday, June 7
Workers hard to find for well-paid machinist jobs
DAYTON — The tooling and machining industry, once a dominant driver of Dayton’s economy, is seeing a bit of a rebound following years of decline. Local shops report an increase in work coming their way, and shop owners are looking for trained toolmakers and machinists to do that work. But ...
Late planting could be costly for Ohio farmers
DAYTON — Ohio farmers could lose nearly $1 billion due to late planting of corn and soybeans this spring Barry Ward, production business management leader with Ohio State University Extension predicted in a recent study.“We certainly take his estimate seriously,” said Jennifer Coleman, spokeswoman for the Ohio Soybean Association. “It ...
Some local restaurants hiring for summer
Ohio’s restaurants are expected to add 19,700 summer jobs this year, up 5.2 percent from the state’s total restaurant jobs in March, according to the National Restaurant Association. The projected increase in restaurant employment exceeds the national projected increase of 4.6 percent, which is the strongest estimate of seasonal job ...
Stories for Saturday, June 4
$69M Caterpillar center to hire hundreds
CLAYTON — Caterpillar Logistics’ new distribution center here is so big that construction crews took into account the curvature of the Earth when building the 1.6 million-square-foot center. But as big as the physical structure is, its economic promise stands larger. About 115 people have been hired so far, and ...
Stories for Friday, June 3
Economic slowdown feared as job creation rate declines
WASHINGTON — Employers in May added the fewest jobs in eight months, and the unemployment rate inched up to 9.1 percent.The weakening job market raised concerns about an economy hampered by high gas prices and the effects of natural disasters here and abroad.The key question is whether the meager 54,000 ...
Mazda to stop making cars in U.S.
TOKYO — Mazda Motor Corp. plans to leave its joint venture with Ford Motor Co. and stop building cars in the U.S., the Nikkei financial daily reported Friday.Mazda cars sold in the U.S. will be shipped from Japan and Mexico starting around 2013.
U.S. service sector grew in May
The U.S. economy’s service sector, which employs 90 percent of the nation’s work force, grew in May for an 18th straight month, posting slightly faster growth than in April. The Institute for Supply Management said Friday its index tracking the health of service companies increased to 54.6 in May compared ...
Bailing out GM, Chrysler kept auto industry alive, senator says
Bailing out General Motors and Chrysler saved thousands of jobs nationally, Sen. Sherrod Brown and an Obama administration official said this week ahead of Obama’s visit Friday to a Chrysler facility in Toledo.The president focused on the turnaround in the auto industry and how the government has recouped much more ...
WPAFB aerospace medicine jobs exempt from hiring slowdown directive
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force’s drive to fill about 200 jobs in its School of Aerospace Medicine and the larger 711th Human Performance Wing won’t be affected by a broad Air Force directive to slow the rate of hiring for civilian jobs, a spokesman said.The jobs available ...
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