Business Stories for May 2012
Stories for Tuesday, May 15
Warmer weather pushes Home Depot first-quarter profit up
ATLANTA — Home Depot says its fiscal first-quarter profit climbed 27.5 percent as warmer weather brought consumers out for spring gardening and lawn products.The world’s biggest home-improvement company also boosted its 2012 financial outlook Tuesday, citing its year-to-date performance.But the Atlanta retailer’s quarterly revenue results and its full-year revenue guidance ...
Stories for Monday, May 14
Mike-sell’s has new CEO
Mike-sell’s Snack Food Co. has a new chief executive, Charles “Chuck” Shive Jr. Based in Dayton with manufacturing plants in Dayton and Indianapolis and distribution centers in Cincinnati, Columbus, Sabina and Louisville, the company on Monday announced Shive as its CEO, effective immediately. This announcement follows the retirement of David ...
Fifth Third to sponsor NASCAR’s Matt Kenseth
Cincinnati-based Fifth Third Bancorp is jumping into NASCAR.The bank announced Monday morning a multi-year marketing partnership with Roush Fenway Racing, beginning this season with four races as the primary sponsor of Matt Kenseth’s No. 17 Ford Fusion in the NASCAR Sprint Cup Series, according to a news release from the ...
UD conference looks at cyberspace laws
Legally tracking digital footprints is among the topics to be discussed June 8 at a University of Dayton School of Law conference about recent developments in computer and cyberspace laws.“iDectective: Tracking Digital Footprints in the Litigation of Tomorrow” will explore how modern cyber sleuths follow people’s trails in digital environments, ...
Technology First elects new officers
Technology First, a regional information technology trade association, has announced its newly elected officers for 2012-13.Steve Hangen will serve as board chair. Hangen is chief information officer for WinWholesale, a Dayton-based distributor of domestic and industrial supplies and materials.Jeff Van Fleet, chief executive of Lighthouse Technologies, will serve as vice ...
Stories for Thursday, May 10
Procter & Gamble moving skin care headquarters to Singapore
Staff and wire reportProcter & Gamble Co will move its skin care, cosmetics and personal-care headquarters from Ohio to Singapore to be closer to the growing Asian market, and the president of the group will leave rather than move.The change announced Thursday is expected to affect no more than 20 ...
CAT Logistics sale does not affect Clayton site
Caterpillar Inc.’s sale of equity in Caterpillar Logistic Services’ third-party logistics division will not affect the Caterpillar Logistics facility in Clayton, a company spokeswoman said Thursday.Caterpillar Inc. said it has signed an agreement that will result in Platinum Equity taking a 65 percent stake in Caterpillar Logistics Services, the third ...
Stories for Wednesday, May 9
IT job fair scheduled for June 6
Technology First will host a job fair June 6 for information technology professionals in response to the needs of local employers. While overall job growth has been slowly recovering in recent years, the job demand in the IT industry has seen steady growth and a need for more professionals, said ...
P&G to offer separation deals to US staff
Procter & Gamble Co. said it will ask its U.S. non-manufacturing employees to indicate interest in voluntary separation packages that are part of the company’s $10 billion restructuring plan.P&G, which makes Tide detergent and Gillette razors, said in February it is seeking to cut 10 percent of its global non-manufacturing ...
Bed Bath & Beyond to buy Cost Plus for $494M
NEW YORK — Bed Bath & Beyond Inc. said Wednesday that it agreed to buy smaller home goods retailer Cost Plus Inc. for about $495 million after getting promising results from a joint effort to put a specialty food department in some Bed Bath & Beyond stores. Bed Bath & ...
Dayton company to ring NYSE closing bell
Representatives of Standard Register will be ringing the closing bell at the New York Stock Exchange (NYSE) Friday afternoon, a statement from the company said.The Dayton-based business services company is marking its 100th anniversary this week with employee activities at all its U.S. and Mexico locations. And the firm is ...
Stories for Tuesday, May 8
Are you a skilled tradesman having trouble finding a job?
Are your a machinist, welder or another type of skilled tradesman having a hard time finding a job in manufacturing? If so, we’d like to tell your story. Please contact Dayton Daily News reporter Randy Tucker at (937) 225-2437 or rtucker@DaytonDailyNews.com.
Civilian takes the reins at AFIT
WRIGHT-PATTERSON AIR FORCE BASE — For the first time in its 93-year history, the Air Force Institute of Technology will take orders from a civilian leader of the post-graduate school.Retired Maj. Gen. Todd I. Stewart, 66, took command of the institute as the director and chancellor in a ceremony Tuesday ...
Air Force awards $7.6M contract to Lockheed Martin
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force awarded a $7.6 million contract to Lockheed Martin Corp. to support air crew training for C-130 transport planes.The Aeronautical Systems Center at Wright-Patterson Air Force Base awarded the contract. Lockheed is to complete the work at training locations in Arkansas, Georgia, Texas, ...
Huntington remains among top SBA loan generators
The U.S. Small Business Administration has recognized Huntington Bancshares Inc. as the nation’s No. 3 lender for SBA 7(a) loans and the leading bank in the Midwest for both the number and dollar amount of those loans.According to the SBA, Huntington made 1,235 SBA 7(a) loans for a total of ...
Wendy’s returns to 1st-quarter profit
DUBLIN, Ohio — The Wendy’s Co. returned to a first-quarter profit as it recorded a large gain on the sale of an investment. But the casual dining chain’s results missed analysts’ expectations and it cut its 2012 forecast.Wendy’s stock dropped more than 2 percent in premarket trading.For the period ended ...
Stories for Monday, May 7
Gas prices in Ohio linger well below 2011 highs
COLUMBUS — Ohio gas prices are hovering about 40 cents below the record highs reached a year ago.The state’s average price for regular gas is $3.76 a gallon in Monday’s survey from auto club AAA, the Oil Price Information Service and Wright Express. That’s up 2 cents compared with the ...
Aspen Dental to add 5th Dayton area office
HUBER HEIGHTS — Aspen Dental, a nationwide dental practice chain, is expanding its footprint in the Dayton-Springfield area.The New York-based company plans to open a fifth area location by the end of the year in Huber Heights, said spokeswoman Kasey Pickett. The new location is to be constructed at 8321 ...
Stories for Saturday, May 5
Claims about gas-saving devices, additives fall short
People will do just about anything these days to save a buck, including taking advantage of ways to save at the gas pump. With the cost of a gallon of gas surging to about $4 a gallon, people are looking for opportunities to stay ahead of the fuel mayhem and ...
Michigan town near Ohio could become ‘China City’
The southeastern Michigan city of Milan, a 40-minute or so commute to Toledo or Detroit industrial centers, might become the new home for a 200-acre or larger “China City” that would house Chinese business people.Milan, a city of 6,000 surrounded by farm fields, is the locale for an unusual deal ...
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