Business Stories for November 2012
Stories for Friday, November 2
DPL exec expects area to see slow, steady recovery
From the perspective of Phil Herrington, DPL Inc.’s new president and CEO, the Miami Valley will continue to gradually rebound from the Great Recession.Herrington, who has been on the job since March, expects a steady recovery.“It’ll be a slow emergence out of the trough,” Herrington, 50, said. “We are not ...
Stocks give up an early gain; storm sinks insurers
By DANIEL WAGNERAssociated PressEnthusiasm about a solid October jobs report quickly faded on Wall Street Friday. Stocks drifted lower as companies began to assess the potential cost of Superstorm Sandy.Insurers plunged on expectations that losses from the catastrophe will eat into their fourth-quarter earnings. AIG fell 7 percent, Genworth Financial ...
Hyundai, Kia overstated gas mileage on 900,000 cars
By TOM KRISHERAP Auto WriterHyundai and Kia overstated the gas mileage on 900,000 vehicles sold in the past three years, a discovery that could bring sanctions from the U.S. government and millions of dollars in reimbursements to car owners.The inflated mileage was uncovered in an audit of test results by ...
Miami County company ends computer manufacturing
Systemax Inc., which assembles computers in Fletcher, in Miami County, announced Thursday it is getting out of the computer manufacturing business, which will affect 120 employees at the facility.The company said that 80 employees will remain at the facility in a sales office, and it will continue providing support and ...
Stories for Thursday, November 1
Honda to add 200 Ohio jobs
Honda of America Manufacturing will invest $200 million in to two Ohio plants and bring 200 new jobs to the region — another sign manufacturing is coming back.The manufacturer announced Thursday that it will invest the money in its transmission plant in Russells Point and engine plant in Anna on ...
Quarterly profit rises for Speedway parent
The Associated PressMarathon Petroleum Corp., owner of Speedway fuel stations throughout the area, said Thursday that its third-quarter net income rose 8 percent as it booked a gain from a 2010 sale of a refinery and gas stations.The company earned $1.22 billion, or $3.59 per share, for the quarter that ...
Honda to invest $200M, create 200 new jobs at two Ohio plants
Honda announced Thursday morning that it will invest $200 million in its transmission plant in Russells Point and engine plant in Anna and create 200 new manufacturing jobs at the sites. The automaker, which is celebrating its 30th anniversary in the U.S., said the move will raise its cumulative investment ...
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