Business Stories for September 2012
Stories for Sunday, September 30
Latino Inspiration in Politics and Business for Hispanic Heritage Month
Ruben Gallego and Sid Espinoza are two inspirational figures and leaders in Hispanic business and politics. Gallego is the 16th District Representative to the Arizona House of Representatives while Sid Espinoza was the first ever elected Hispanic mayor of Palo Alto, CA in 2011. They have given back to their ...
Display maker’s life intertwines with history he recreates
Spellbound visitors to the nation’s top history and military museums probably don’t know that the man behind the exhibits is Dayton native Veit Von Parker, a 54-year-old business owner with an unusual family history that ties directly to many of the displays his company builds. Display Dynamics Inc., of Clayton, ...
Stories for Saturday, September 29
1,000 new local jobs expected in insurance, financial fields
Local officials anticipate 1,000 new jobs within six years in insurance and business administration.In the last few years, growth at insurance-based call centers at Assurant Specialty Property and CodeBlue have grown when other industries have had to cut back because of the recession.Since locating in downtown Springfield in 2010, CodeBlue ...
Stories for Friday, September 28
Local wages trail state and nation
Springfield workers make less on average in most occupational groups than the state and national averages, but with a low wage comes a low cost of living that can help attract more businesses to the area.“The fact that you have a lower cost living helps from a business perspective and ...
Ohio banks earn $1.2 on bailout
Nearly four years after Congress passed legislation to help stabilize the nation’s banking system, most Ohio banks that participated in the Troubled Asset Relief Program have repaid their debt to U.S. taxpayers, plus a healthy profit. The U.S. Treasury injected $7.84 billion into 17 Ohio banks at the height of ...
Stories for Thursday, September 27
Ohio’s manufacturing gains likely to continue
After years of outsourcing, U.S. manufacturers are beginning to step up production at home in response to rising costs in foreign markets and the productivity of American workers. Added factory work that would have otherwise gone overseas could generate up to five million U.S. manufacturing jobs and jobs that support ...
New restaurant to open on Bechtle
A new restaurant is coming to Bechtle Avenue to replace the T.G.I. Fridays that closed over the weekend. Roosters, a wings restaurant, purchased the former Fridays location at 1720 N. Bechtle Ave. for $1.1 million and is already interviewing potential manager candidates. Owner Steven Houseman said the restaurant will add ...
Relax, bacon lovers, pork shortage won’t affect U.S.
For a moment there, hogs everywhere might have been snorting a sigh of relief. Earlier this week there was the prediction that a global pork shortage would drive up the prices of bacon, chops and other pork byproducts at your local grocery store. The three little pigs no doubt saw ...
New website connects students who want to buy or sell textbooks
Joe Lammers has launched a new website for college students who want to buy or sell textbooks without some of the potential hazards of the exchange. The collegemiddle.com site is a place where students and other people on campus can buy and sell and “feel safe,” said Lammers, a Wright ...
Stories for Wednesday, September 26
8,300 solar panels to reduce energy costs
Two major local employers will install a total of more than 8,300 solar panels, making them the latest participants in the growing solar panel industry.Assurant Specialty Property is spending $7 million to put in more than 6,200 solar panels to save money on energy costs and as part of the ...
Mr. Sexy Back tries to bring Myspace back
By BARBARA ORTUTAYAssociated Press“Who am I to say I want you back? When you were never mine to give away.”Those are the opening lines of a song that accompanies a “New Myspace” promotional video. The once-mighty social network is trying to stage yet another comeback with the help of Justin ...
Fewer US CEOs planning to expand, hire
By CHRISTOPHER S. RUGABERAssociated PressA survey of U.S. chief executives shows a sharp drop in the number of large companies that plan to add jobs or hire more workers.The Business Roundtable said Wednesday that only 29 percent of its member CEOs plan to increase hiring over the next six months. ...
American Greetings gets offer to go private
American Greetings Corp. said Wednesday that a group led by its CEO and chief operating officer wants to buy the company and take it private in a deal that values it at about $581 million.The Cleveland-based greeting card company’s shares jumped 15 percent on the news.American Greetings, whose brands also ...
Park National names new bank officers
Top leadership changes were announced Tuesday at Park National Bank.Newark-based Park National Corp. is the parent company of Clark County’s largest bank, Security National.Park National announced Senior Vice President Timothy Lehman would also assume the role of chief operating officer. It was also announced Senior Vice President Jeffrey Wilson will ...
Stories for Tuesday, September 25
Home prices rose in July in 20 major US cities
By CHRISTOPHER S. RUGABERAssociated PressHome prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures.National home prices increased 1.2 percent in July, compared to the same month last year, according to the Standard & Poor’s/Case Shiller index released Tuesday. That’s the second straight year-over-year ...
Sales tax receipts rise again
Sales tax collections distributed by the state in September rose in all seven counties in the greater Miami Valley, with four of the counties reporting double-digit percentage gains over the same month a year ago, according to the Montgomery County Office of Management and Budget and the Ohio Department of ...
Stories for Monday, September 24
Walmart to hire 50,000 seasonal employees
Wal-mart will hire 50,000 seasonal employees and will offer more hours to existing employees to accommodate shoppers during the upcoming holiday season, according to company officials. “This is our busiest time of the year, and we are focused even more on providing excellent service to our shoppers throughout the holiday ...
Local restaurant shuts down abruptly
Nearly 60 T.G.I. Friday’s staff members here were told Monday morning that the restaurant closed permanently at the end of business Sunday after almost 12 years in that location.Sales at the location at 1720 Bechtle Ave. remained low despite several attempts to turn the restaurant around, said Amie Dancu, director ...
Wal-mart to hire 50,000 seasonal employees
Wal-mart will hire 50,000 seasonal employees and will offer more hours to existing employees to accommodate shoppers during the upcoming holiday season, according to company officials. “This is our busiest time of the year, and we are focused even more on providing excellent service to our shoppers throughout the holiday ...
Stories for Sunday, September 23
Rising mobile data demand brings limits
The number of mobile devices is projected to surpass the world’s population in the next five years, and many wireless carriers are cashing in on the skyrocketing demand for mobile data.Verizon Wireless and AT&T, the nation’s top two wireless carriers, have phased out their unlimited data plans in favor of ...
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