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Business Stories for March 2012

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Stories for Saturday, March 31

Sweepstakes latest scam plaguing Miami Valley residents

Who doesn’t want to be a winner? Unfortunately, some of these claims that you’re a winner are losing propositions. Scams involving gifts and prizes are an ongoing problem for Miami Valley residents.These scams arrive in the mail, online or even on your mobile device. They try to lure you in ...

SK Tech expanding its operations in the region

ENGLEWOOD — Japan’s SK Tech, which opened its first North American location in Englewood in 2002, exemplifies how foreign companies can grow once they plant roots here.In 2004, the company expanded its local operations by more than doubling its floor space to 48,000 square feet. The company had 65 employees ...

Kyozaburo Takagi, president of the Fukuvi USA plant in Huber Heights, stands in the Victory Bear Construction Products warehouse. Japan is the number one foreign investor in all of Butler County, Dayton, Springfield and Ohio, employing approximately 24,000 people in the Miami Valley and Tristate regions (12,000 each in Dayton area and Cincinnati area).

Foreign investment critical to local economy

Foreign investment has become critical to job creation in the region, with state and local development officials expecting more companies from other countries to open or expand operations here.Honda of America’s Ohio plants triggered much investment by Japan, the single largest foreign investor in the state and the area. But ...

Stories for Friday, March 30

Hot Head Burritos will open in Springfield this summer in the old KFC at 2953 Derr Road. There are tentative plans to open another store on the city's east side.

Hot Head Burritos plans presence in Springfield

SPRINGFIELD — Hot Head Burritos will bring 15 jobs to the Moorefield Square Shopping Center in Springfield in late June or early July and tenatively plans to open more stores in the area, according to owner Ray Wiley.The Kettering-based burrito restaurant will move into the former location occupied by Kentucky ...

Jane and Randy Dotto overlooking the former landfill area at the intersection of I-70 and Ohio 72 in Clark County where a proposed multimillion dollar business complex might be constructed.

Businesses planned for former landfill

SPRINGFIELD — A proposed site for a multimillion-dollar business complex is a closed landfill contaminated with methane gas, benzene, arsenic and other hazardous materials, according an environmental study obtained by the Springfield News-Sun. But a local developer says he can turn the former city dump into a more than $100 ...

Ohio tops nation in job growth

Ohio added more jobs last month than any other state, topping Texas for growth in nonfarm payroll employment, according to a report Friday from the Bureau of Labor Statistics.Private and government employers added 28,300 jobs in Ohio last month, up from 25,000 in January. That was the largest month-to-month gain ...

Most job openings for health, truck drivers

Job seekers in the Dayton-Springfield area are most likely to find opportunities in health care and trucking, based on analysis of online help wanted advertisements posted from January to February. Kettering Health Network, one of Montgomery County’s largest employers, posted 480 job advertisements during the month. That was the most ...

Stories for Thursday, March 29

Best Buy to close 50 US stores, cut costs

MINNEAPOLIS — Best Buy Co. is closing 50 stores in the U.S. in fiscal 2013 and is looking to cut costs by $800 million by fiscal 2015. The biggest U.S. specialty electronics retailer also says it lost money in its fiscal fourth quarter partly because of a restructuring charge, but ...

Stories for Wednesday, March 28

Kodak freezes wages

Eastman Kodak Co. has instituted a pay freeze for its U.S. employees for the next 12 months, the Rochester (N.Y.) Democrat and Chronicle reported.The printing and imaging company filed for Chapter 11 bankruptcy protection on Jan. 19.“We are working hard to accelerate our transformation into a self-sustaining and profitable digital ...

Stories for Tuesday, March 27

Job candidates wait their turn for interviews at a job fair this month. In the southern Ohio, the unemployment rate fell or was unchanged in seven area counties.

Area jobless rates continue to fall

Jobless rates in most Dayton-area counties and major cities edged down again last month as the outlook for hiring improves, one local employment firm manager said.Rates dropped in 65 of 88 Ohio counties last month and ranged from a low of 5.5 percent in Mercer County to a high of ...

Owner of two Dayton-area malls annouces public stock offerings

Glimcher Realty Trust, owner of two Dayton-area malls, and AdCare Health Systems, announced public stock offerings Tuesday.Columbus-based Glimcher, which owns the Dayton Mall and the Mall at Fairfield Commons in Beavercreek, said it will sell 23 million shares of the company at $9.90 per share.The proceeds will be used to ...

EU to investigate United Technologies-Goodrich deal

BRUSSELS—The European Commission said Tuesday it has opened an in-depth antitrust investigation into United Technology Corp.’s $16.5 billion proposed purchase of Goodrich Corp. on concerns that it could undermine competition in some parts of the aviation-equipment sector, Bloomberg and the Wall Street Journal reported Tuesday.United Technologies faces an in-depth probe ...

Stories for Monday, March 26

This Oct. 15, 2011 file photo shows Facebook CEO Mark Zuckerberg during a meeting in San Francisco.

Facebook brand pages switch to ‘timeline’ format

Facebook, the social networking company that has become increasingly important to businesses and their brands, is instituting mandatory changes that will alter the look of company profile pages starting Friday.The new “timeline” profile page layout allows businesses, brands and organizations to express themselves more visually to boost the amount of ...

Passenger traffic up 10 perecent at Dayton Airport

More passengers and cargo flew out of Dayton International Airport in February than did in the same month last year.Passenger boardings registered 91,864 this year compared with 83,298 last year, an increase of 10 percent.It’s possible the jump is because of increased business passenger travel, said airport spokeswoman Linda Hughes. ...

Stories for Sunday, March 25

The staff of Castle Bail Bonds in Springfield include (from left) Don Castle, Nicki Castle, Courtney Bowsher, Keley Jones, Lisa Demeter, Kim Cosby and Tamera Belcher. Castle has 13 offices and 25 agents statewide.

Bail bond business rough, but provides public service

The competition is fierce.The price you can charge is fixed.At least a percentage of customers who walk in the door are willing to bilk you.Welcome to the bail bond business.Although many associate bail bondsmen with “Dog the Bounty Hunter,” every TV episode of that shows instances in which the bail ...

Stories for Saturday, March 24

Beach Waterpark won’t give refunds to season pass holders

MASON — Season pass holders to The Beach Waterpark won’t be getting refunds, but will receive more than $200 in “alternative experiences” at a number of area attractions.The Beach Waterpark said Wednesday it’s entering into a partnership that will provide free or reduced admission to Kings Island, Coney Island, Countryside ...

Researching your movers is a must for a smooth ride

From packing to unpacking, moving takes careful planning and some legwork. Unless you have a group of reliable friends to help, you will require a professional mover.Unfortunately, people fall prey to dishonest and sometimes unlicensed moving companies. Every year, the Better Business Bureau and the American Moving and Storage Association ...

Stories for Friday, March 23

Facebook warns employers not to demand passwords

NEW YORK — Facebook is warning employers not to demand the passwords of job applicants, saying that it’s an invasion of privacy that opens companies to legal liabilities.The social networking company is also threatening legal action.An Associated Press story this week documented cases of job applicants who are being asked, ...

ALDI stops selling beef with additive

ALDI Inc. said Friday it will join the list of grocery store chains that will no longer sell ground beef that contains lean finely textured beef, or so-called “pink slime.”“We also are committed to listening to our customers, and over the last week, customers have been telling us that they ...

Dayton third in U.S. for home affordability, report says

Dayton has some of the best deals in the nation for buying a home compared to renting, according to Trulia’s Winter 2012 Rent vs. Buy Index released this week.Trulia is a web site for local home and rental listings and information on local markets. The company tracked whether it is ...

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