Business Stories for July 2012
Stories for Tuesday, July 31
Home prices rising in major cities
WASHINGTON (AP) — Home prices rose in May from April in every city tracked by a leading index, a sign that increasing sales and tight inventories are supporting a modest housing recovery.The Standard & Poor’s/Case-Shiller home price index released Tuesday showed increases in all of the 20 cities tracked. And ...
Consumer confidence rises
NEW YORK (AP) — U.S. consumer confidence rose in July after four months of declines, as a brighter outlook for short-term hiring offset longer-term worries about the economy.The Conference Board says its Consumer Confidence Index increased to 65.9, from 62.7 in June. That’s the highest reading since April and better ...
Another microbrewery coming to Yellow Springs
YELLOW SPRINGS — Another new microbrewery is coming to the Miami Valley: The Yellow Springs Brewery is renovating space in The Millworks at 305 N. Walnut St. and hopes to be selling its brews by the end of the year, according to Lisa Wolters of Yellow Springs, who co-owns the ...
Speedway sales, revenue growth continues
Marathon Petroleum Corp. revenues have climbed again, thanks in large part to the growth of Speedway, a top 10 employer in Clark County.Speedway’s operating income jumped 30 percent over last year to $107 million as it sold more gasoline, marking the second quarter of growth this year.“Speedway is a key ...
Stories for Monday, July 30
KeyBank local president Reilly retires
Ed Reilly, KeyBank’s southwest Ohio district president, retires Wednesday after about six years in the top spot for the bank’s area operations.As district president, Reilly oversaw consumer, business and commercial banking and wealth management in the region from northern Kentucky to Dayton and Springfield.Reilly, 59, feels he’s come full circle, ...
Stories for Sunday, July 29
Ohio TechAngels support tech start-ups
One of the nation’s largest “angel” investor groups is looking to the Dayton region to help grow its membership and create more high-paying jobs in Ohio.The Ohio TechAngel Funds support Ohio-based information technology, advanced materials and medical technology start-up companies. The Columbus-based private investor group has put nearly $20 million ...
Stories for Saturday, July 28
Social media can help certain small businesses grow
James Nott opened Springfield Ink Tattoo a year ago, and with the help of Facebook to promote specials and events, he now averages 15 to 32 visits a day and makes enough money to give free tattoos and donate to area charities.“This business has been very blessed,” Nott said, noting ...
Stories for Friday, July 27
Local store leaves Upper Valley Mall
A local skate shop closes today, leaving a vacancy in the Upper Valley Mall.Lost Nation, which has been in the mall for more than a year and a half, will close because MC Sports is expanding into the back part of the space and utilities will be cut.Local MC Sports ...
Falling auto factory work could impact Ohio’s recovery, experts say
Ohio’s economy has rebounded faster than many other states largely because of the strength of the auto industry, which has boosted payrolls at factories across the state.But a U.S. Commerce Department report Friday showed economic growth slowed considerably in the past three months. And at least part of the slowdown ...
Stories for Thursday, July 26
Banks feel impact of low interest rates
The region’s biggest banks say record low interest rates are hurting their main revenue source, forcing them to compete more for customers, look for cost savings and increase revenue from fees for services.“Aside from regulatory issues, this is the biggest deal in banking right now,” said Frank Hall, chief financial ...
Interest rates go lower, Ohioans snatch up deals on houses
Pending homes in Ohio rose 16.5 percent last month from June 2011 as Ohioans continued to take advantage of record low interest rates and low home prices, realtors’ groups said Thursday.The index for the number of single-family homes and condominiums put under agreement in June rose for the 14th consecutive ...
Cincy airport most expensive in nation, study says
The Cincinnati/Northern Kentucky International Airport had the highest average domestic air fare in the nation during the first quarter of 2012, more than $150 higher than the average fare at Dayton International Airport, the U.S. Department of Transportation announced Thursday. Average domestic air fares rose 4.8 percent nationwide over the ...
Sales tax revenues continue to climb, reflecting a slowly rebounding economy
Sales tax collections distributed by the state in July rose in all seven counties in southwest and west-central Ohio, and registered the 26th consecutive month of year-over-year gains in Montgomery and Greene counties, according to the Montgomery County Office of Management and Budget and the Ohio Department of Taxation.Sales tax ...
Stories for Wednesday, July 25
Fannie, Freddie sued for unpaid Ohio taxes
Montgomery County Prosecutor Mathias Heck, Jr. has filed a class action lawsuit on behalf of 87 Ohio counties against the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to recover millions of dollars in unpaid property transfer taxes.The lawsuit was filed Wednesday in ...
Financial security in jeopardy for nearly a third of Americans
Long-term unemployment, stagnant wage growth and growing debt have taken a toll on the financial security of many Ohioans who are likely to be among the 28 percent of all Americans who say they are in worse financial shape now than a year ago, according to a Bankrate.com survey released ...
Wright-Patt Credit Union building new Springfield branch
Wright-Patt Credit Union is building a new location in Springfield, an approximately $2 million investment, according to the organization.This will replace Wright-Patt’s sole Springfield location in a strip mall at 1697 N. Bechtle Ave. The new freestanding credit union branch, planned to open February 2013, will be bigger, add a ...
Stories for Saturday, July 21
Gyms benefit from summer camp attendance
Many health clubs struggle to maintain memberships through the summer, but day camps are a good way to keep interest in a facility.The Springfield Family YMCA, 300 S. Limestone St. has had one of its more successful summer camp seasons, and four weeks are still left in the season.“It gives ...
Stories for Friday, July 20
Dayton home sales slow down in June
Fewer people bought houses in the Dayton area in June, breaking this year’s streak of some of the highest sales counts in years.However, home sales in the Springfield and Urbana region continued in June an 11-month streak of higher year-over-year sales.Early June estimates released Thursday showed 1,039 single-family homes and ...
Stories for Thursday, July 19
Trade show could return with focus on UAVs
The United States Air, Trade and Technology Expo could return in 2013 to tap the market for the growing number of unmanned aerial vehicles, an expo leader said.“What we’re trying to do is put a refocus on those areas Wright-Patterson (Air Force Base) is putting a focus on,” said Kent ...
Save-A-Lot stores not affected by Supervalu struggles, store owners say
The financial difficulties faced by Supervalu Inc. — the parent company of the national Save-A-Lot grocery chain — have had no impact on the operations of the Miami Valley’s Save-A-Lot stores because those local stores are independently owned and operated under a licensing agreement with Supervalu, two local owners said ...
Archive for Business Stories
From Our News Partners
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}