Business Stories for November 2011
Stories for Tuesday, November 29
October traffic falls at Dayton airport
DAYTON — Passenger traffic declined in October at Dayton International Airport and for its busiest airlines, but the traffic total for the year to date remains slightly ahead of last year’s pace.Passenger boardings in Dayton during October fell to 110,147, down approximately 5 percent from 115,615 in October 2010, airport ...
Miami Valley companies to participate in new WPAFB contract
WRIGHT-PATTERSON AIR FORCE BASE — Two local defense contractors are among 19 companies awarded the right to participate in a three-year contract to provide support services to organizations at Wright-Patterson, officials said Tuesday.Peerless Technologies Corp., of Fairborn, and MacAulay-Brown Inc., of Beavercreek, are operating as a joint-venture business to compete ...
American Airlines, parent company file for bankruptcy
AMR Corp., the parent of American Airlines Inc., filed on Tuesday for U.S. Bankruptcy Court protection from creditors as the company reorganizes its finances and tries to reduce its debt and operating costs.The bankruptcy filing will not affect American’s daily operations or its AAdvantage frequent flyer program, the company said. ...
Stories for Monday, November 28
Current and former WPAFB officers to get promotions
Col. Bradley D. Spacy, a former commander of the 88th Air Base Wing at Wright-Patterson Air Force Base, has been nominated by President Obama for promotion to brigadier general, the Pentagon announced on Monday.Spacy is serving as chief of the Air Force’s Senate Liaison Office, part of the legislative liaison ...
Stories for Sunday, November 27
Number of blue-collar job openings expected to grow
Thanks to retirements, blue-collar fields such as manufacturing and construction will have the largest number of expected job openings in the next seven years, outpacing other fields such science, technology and even health care, according to a recent Georgetown University study.But there’s growing concern that many of those openings could ...
Stories for Saturday, November 26
Local firms lose out on $82M contract
The company that won one of the largest local contracts at Wright-Patterson Air Force Base this year did so under a program that federal regulators have worried gives an unfair advantage to some companies and is wrought with fraud, a Dayton Daily News investigation has found.The contract has a price ...
Malls holding their own against lifestyle centers, outlet malls
It’s been nearly 20 years since a new enclosed mall has opened in the Dayton area. But the notion that lifestyle and outlet centers have hastened the death of enclosed malls is false, a shopping center industry official said. While it’s true that far more lifestyle centers such as The ...
Do your homework before signing on to layaway plans
Layaway is beneficial to many with tight budgets searching for alternatives to credit. With a modest deposit and monthly payments, layaway offers shoppers affordable solutions to purchasing merchandise, such as electronics, toys and jewelry.You can take advantage of layaway through retailers in-store or online. With online layaway services, you select ...
Navistar adds new truck line to Springfield plant
SPRINGFIELD — Navistar International Corp. has chosen the Springfield plant to receive production from one of the other Navistar plants that closed this year.In mid-2012, Springfield will transition the workhorse chassis truck line — used for transporting mobile homes — from the Union City, Ind., plant into its production. There ...
Dayton group gets $10M to attract aerospace projects to Ohio
DAYTON — Being chosen to lead a $10 million, two-year effort to promote and build Ohio’s defense and aerospace industries might seem like a tall order.But the Dayton Development Coalition, the entity that Ohio chose for the task, has experience in doing the defense-oriented economic development work and the state ...
Stories for Friday, November 25
AFRL boosts contract limit for software network support
The Air Force Research Laboratory has awarded an additional $85 million of work to a Colorado-based company for expanded development and support of software the government uses to find, track and target enemy forces.Intelligent Software Solutions Inc.’s task is to support the Web-Enabled Temporal Analysis System, used by the Air ...
Wright State president to address Dayton Chamber
DAYTON — David Hopkins, president of Wright State University, will address a Dayton Area Chamber of Commerce breakfast meeting on Dec. 9.Hopkins is the featured speaker for the 7:15 to 9 a.m. event at the Dayton Racquet Club.The cost is $25 for members of the chamber and $40 for non-members.For ...
Forecasts of 600,000 holiday jobs offer many hope
Recent forecasts indicate U.S. retailers might hire more than 600,000 seasonal workers this holiday season, offering hope to throngs of displaced workers who can’t find full-time jobs or are working reduced hours.Last year, an average of 255,000 Ohioans worked part time for economic reasons, up more than 1,000 percent from ...
Stories for Tuesday, November 22
Battery maker to lay off 77 more workers in 2012
A Springboro company that already has 97 laid-off workers will lay off another 77 next year, leaving about only 20 local workers and an uncertain future.Battery manufacturer Ovonic Energy Products Inc. is retooling its production line to make a different kind of battery and is laying off employees while it ...
State: Duke’s power rate plan should benefit consumers
COLUMBUS — A Duke Energy Ohio electric rate plan that received state approval Tuesday should save business and residential consumers money by encouraging market competition in rates, Ohio regulators said.The Public Utilities Commission of Ohio approved the plan, which will set electric rates for Duke customers from Jan. 1, 2012, ...
Dayton unemployment rate drops for the third consecutive month
COLUMBUS — Unemployment rates dropped slightly in October for both Dayton and Montgomery County, the Ohio Department of Job and Family Services reported Tuesday.The Dayton rate dropped for the third straight month, to 10.6 percent, down from 10.7 percent in September, 10.9 percent in August and 11.7 percent in July.The ...
Path cleared for DPL-AES merger
DAYTON — The Public Utilities Commission of Ohio on Tuesday approved the $3.5 billion merger of DPL Inc. and Virginia-based AES Corp., giving the last regulatory approval that had been needed for the transaction to take place.The merger will make DPL and its Dayton Power and Light Co. subsidiary part ...
Stories for Saturday, November 19
Layaway a popular option for holiday shoppers this year
DAYTON — Increased customer demand and tighter budgets have brought back layaway in a big way this year.Layaway, which allows consumers to set aside items in stores and pay for them in installments, is available at such retailers as Walmart, Toys ‘R’ Us, Best Buy, Sears, Kmart, Burlington Coat Factory, ...
Convenience stores replacing gas stations
SPRINGBORO — About seven months ago, Joe Davis stopped selling gasoline at his Sunoco station, Pro Automotive, because he could not turn a profit with the fluctuating fuel prices and other costs.His decision not only closed a chapter of three generations of his family in the gas station business. It ...
Stories for Friday, November 18
Ohio jobless rate slowly edging down
Ohio unemployment fell for the first time in six months in October, edging down to 9 percent from 9.1 percent in the previous month, the Ohio Department of Job and Family Services reported Friday. The Ohio rate mirrored the national rate last month and was down from 9.7 percent a ...
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