Business Stories for November 2012
Stories for Thursday, November 29
Kroger lifts forecast after stronger third quarter
By Candice ChoiAP Food Industry WriterNEW YORK (AP) — Kroger Co. is raising its earnings outlook for the year after the nation’s largest traditional supermarket chain reported a third-quarter profit that topped Wall Street expectations.The company, which also operates Fry’s, Food 4 Less and Ralphs, has been working to improve ...
Stories for Tuesday, November 27
Sales tax collections fall in Greene, rise in six other area counties
Sales tax collections distributed by the state in November rose in six out of seven counties in southwest and west-central Ohio, but Greene County’s string of 29 consecutive months of year-over-year increases in sales tax collections came to a halt, according to the Ohio Department of Taxation.Montgomery County recorded its ...
Stories for Monday, November 26
Miami Valley holiday shoppers jump on early deals
Miami Valley shoppers and their counterparts throughout the country flocked to malls and department stores during the four-day Thanksgiving weekend — and they were in a spending mood, according to local mall managers and the National Retail Federation. Total retail spending nationwide during the four-day weekend totaled $59.1 billion, up ...
New Hothead Burrito looks at tax credit
A new program that provides a $500 grant for each new job created in a vacant commercial property could help add as many as 4,000 new jobs statewide. Champaign County officials hope prospective businesses take advantage before the funding runs dry. The goal of the Ohio Vacant Facilities Fund is ...
Stories for Saturday, November 24
Local marketing firm recognized for interactive design
Oxiem is a Springfield-based marketing agency that focuses on interactive marketing design and creates branding, logos and an online presence for business clients. The company, founded by John Fimiani and Bill Sterzenbach in 2004, was awarded Interactive Designer of the Year by the Ohio Interactive Awards In October. The business ...
Stories for Friday, November 23
New businesses open in downtown
Several businesses have opened in downtown in the past month, just in time for the holiday season.Fair Trade Winds opened Friday in the former Meeks building on Fountain Avenue, joining Running with Scissors and Doug Frates Glass studio in the newly renovated building. Frates Glass moved into the building earlier ...
Wanted: small business support
It would be a dream come true if Gaile McLemore could come to her East Third Street business and find a line of people camped out and waiting to get in to shop. “I would probably faint, but I would have a big smile on my face,” said McLemore, owner ...
Stories for Wednesday, November 21
Where, when you can start your Black Friday shopping
The holiday shopping season starts in earnest Thursday for many retailers eager to get a jump on competitors and offer consumers more opportunity to spend money. Get more holiday deals, tips | Weather may test Black Friday shoppers The stakes are high: Last year, day-after-Thanksgiving sales rose 6.6 percent to ...
Fifth Third latest to offer prepaid card
Fifth Third Bank is the latest to introduce a prepaid card product.The region’s largest bank launched Access 360, a reloadable prepaid card. The card became available in October, but wasn’t promoted heavily until this month.Prepaid cards act similar to debit cards — customers can load money directly on the card ...
Stories for Sunday, November 18
7 easy ways to cut food costs when you vacation
There are six people in my family, so there's no question that food is a major line item in our vacation budget. Fortunately, by planning ahead, we've been able to cut our food expenses in half when we travel. Here are seven ways to stay on budget and still be ...
Trade issues remain top of mind following election
President Barack Obama and challenger Mitt Romney waged a furious campaign in Ohio over job offshoring and who would be tougher on China’s trade practices. But with that battle done, economists, trade experts and business people want to know where national policy goes from here.Beyond messaging and campaign narrative, the ...
Stories for Saturday, November 17
New water supply company looks to grow
A new business wants to capitalize on the opportunity for growth in the water systems and supply industry in Springfield.Jason Cozad started Ohio Blu Water in Springfield because he realized there weren’t many water businesses locally, unlike in his native Logan County.“I’ve been in the industry for 11 years and ...
How to manage your digital afterlife
I manage most of my financial and business life online. A lot of my personal life is there, too – photographs, saved emails, Facebook, tweets. If I’m hit by a truck tomorrow, what happens to it? I thought I was covered by giving my husband and digerati brother the passwords to ...
Shopping tips you can use this holiday season
The holiday season is getting started, and many people will be thankful this Thanksgiving. However, scam artists are thinking of ways to take advantage of you during this time of giving. Your Better Business Bureau offers tips to shoppers and those looking to donate to avoid becoming victims this holiday ...
Stories for Friday, November 16
Ohio unemployment lowest in more than 4 years
Ohio’s unemployment rate fell to 6.9 percent last month — the lowest rate in more than four years — as the Buckeye State added a robust 13,900 nonfarm jobs, the Ohio Department of Job and Family Services reported Friday. Unemployment in Ohio is now at its lowest level since August ...
Stories for Thursday, November 15
Two discounters, while similar, foresee different holiday sales seasons
By Anne D’InnocenzioAP Retail WriterNEW YORK (AP) — This holiday season, the biggest discount chains in the U.S. will tell the tale of two very different shoppers: those that have and those that have not.Wal-Mart Stores Inc., the world’s largest retailer, on Thursday acknowledged that its low-income shoppers continue to ...
Superstorm Sandy pushes US jobless claims to highest point in 18 months
By CHRISTOPHER S. RUGABER Associated Press Superstorm Sandy drove the number of people seeking unemployment benefits up to a seasonally adjusted 439,000 last week, the highest level in 18 months. The Labor Department said Thursday that weekly applications increased by 78,000 mostly because a large number of applications were filed ...
McDonald’s shakes up US team amid competition
By CANDICE CHOIAP Food Industry WriterMcDonald’s Corp. is hoping a leadership shakeup for its U.S. operations will help it fight off intensifying competition.The world’s biggest hamburger chain said Thursday that Jan Fields, president of McDonald’s USA, will be replaced by Jeff Stratton, its global chief restaurant officer, effective Dec. 1.A ...
A&F’s shares surge on strong 3Q report
By ANNE D’INNOCENZIO and MICHELLE CHAPMANAssociated PresssAbercrombie & Fitch Co. delivered a pleasant pre-Christmas surprise to investors: the teen retailer raised its full-year earnings guidance on a strong third-quarter performance, sending shares surging.The Ohio-based company reported a 41 percent increase in its net income for the third quarter as international, ...
Stories for Wednesday, November 14
Sandy, careful consumers lower US retail sales
By CHRISTOPHER S. RUGABER and ANNE D’INNOCENZIO Associated Press Superstorm Sandy combined with cautious consumers to lower retail sales in October and raise concerns about weaker economic growth and a tepid holiday shopping season. Consumers may also be holding back because of anxiety over big tax increases and spending cuts ...
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