Business Stories for February 2013
Stories for Wednesday, February 20
Robbins, Nation Oilwell merger clears hurdle
HOUSTON (AP) — National Oilwell Varco Inc. said Tuesday that it received antitrust approval for its acquisition of Robbins & Myers Inc., clearing the way for the $2.5 billion deal to close today.National Oilwell said in August that it would buy the fellow Houston-based oil and gas equipment company for ...
Office supply chains agree to merge
NEW YORK (AP) — Office Depot Inc. and OfficeMax have agreed to merge in an all-stock deal that would transform the $21.2 billion office supply retail sector.Boca Raton, Fla.-based Office Depot Inc. and Naperville, Ill.-based OfficeMax say holders of OfficeMax shares will receive 2.69 shares of Office Depot for every ...
Stories for Tuesday, February 19
County considers $160K deal with Rothschild
The Champaign County commissioners reviewed a request Tuesday that if approved, could cover some of the costs to extend a sewer line to Robert Rothschild Farm.The specialty foods company has sought the aid as part of an expansion that would add 25 jobs.Marcia Bailey, Urbana director of economic development, said ...
Fewer calories drive more business to restaurants
Restaurants across the country are discovering that incorporating more low-calorie items into restaurant menus isn’t just the healthy thing to do — it’s also good business. That’s the conclusion of a new study released last week by the Hudson Institute that shows that low-calorie options are beginning to pay off ...
Stories for Saturday, February 16
Clark County to hold fourth job fair in two years
After a dearth of job opportunities during the Great Recession, Clark County has been host to three job fairs in two years and will hold a fourth in March.The Ohio Department of Job and Family Services and the Greater Springfield Chamber of Commerce are hosting a job fair in the ...
Scam says president will pay your utility bills
A nationwide scam with ties to President Obama has many scratching their heads. The phishing scam says President Obama is paying utility bills as part of a bailout plan. With the growing costs of utilities, many people look for ways to ease the expense. Your Better Business Bureau says be ...
Stories for Friday, February 15
SEC opens investigation into Heinz deal
By Associated PressNEW YORK (AP) — Federal regulators have opened an insider trading inquiry on the $23 billion acquisition of H.J. Heinz, according to a publish report.Citing an unnamed source who was briefed on the matter, The New York Times reported Friday that the Securities and Exchange Commission is looking ...
PNC Bank CEO to retire
Cleveland Plain DealerCLEVELAND — PNC Bank Chairman and CEO James Rohr, who oversaw PNC’s controversial purchase of National City Corp. in 2008, will step down in April. PNC’s board of directors on Thursday said President William Demchak will succeed Rohr as CEO in April. Rohr is expected to take on ...
New pizza shop to open in Centerville
CENTERVILLE — A new Carmela’s Pizzeria will open in the next few weeks at 753 E. Franklin St. across from Centerville High School. “We expect to open at the end of February or the beginning of March, but we’re shooting for the end of February,” said Emily Dulsky, daughter of ...
Stories for Thursday, February 14
Need drives Catholic Health’s record community benefit costs
Ohio’s largest hospital system said Thursday its community benefit costs hit a record $385.4 million in 2012 to cover Medicaid losses, uncompensated care and community programs.That amounts to more than $1 million a day.Cincinnati-based Catholic Health Partners says the expense increased by $39.7 million from 2011 to make up about ...
No dinner reservation? Three things that could get a last minute Valentine’s Day table
Like the tax filing deadline, Valentine’s Day has a tendency to sneak up on folks that missed all the Cupid-themed signs.Many area lovers may find themselves on the lovers’ holiday without a paddle or a dinner reservations.Not being ‘Girl Scout-prepared’ might prove a grave error that lands you a night ...
US unemployment aid applications fall to 341,000
By Christopher S. RugaberAP Economics WriterWASHINGTON (AP) — The number of people seeking unemployment benefits fell by 27,000 last week, an indication that hiring could improve.The Labor Department says weekly applications dropped to a seasonally adjusted 341,000, the lowest level in three weeks. The four-week average, a less volatile measure, ...
Stories for Wednesday, February 13
Hot job demands in Ohio: truck drivers and nurses
Many Ohio employers are looking for workers, but the occupations with the most online job postings tend to be in either low-skilled fields where turnover is constant or high-skilled areas where there are shortages of workers. Last year, the occupations with the most online job postings included commercial truckers, registered ...
Business briefs: February 13, 2013
PARTNERSHIP P&G partners with business intelligence company CINCINNATI — Procter & Gamble has formed a partnership with start-up technology company that specializes in identifying business trend changes by examining huges stores of data. The partnership with California-based Verix Business Intelligence is meant to strengthen P&G’s capabilities and industry leadership in ...
Miamisburg firm creates custom vending machines
Patrick McDonald just wanted to figure out how to sell more T-shirts. From that, his business was born. Miamisburg-based Innovative Vending Solutions (IVS) customizes vending machines to dispense almost any product in almost any setting. The company’s core products include automated retail and self-serve kiosk devices. But McDonald and his ...
Stories for Tuesday, February 12
Gas prices to be higher than expected
Wire and staff reportFirst it was a tax hike. Now consumers are looking at a higher than expected gasoline bill for 2013.The government on Tuesday boosted its forecast for gasoline prices this year by 11 cents to an average of $3.55 a gallon. That would be the second-highest annual average ...
Government boosts forecast for pump prices, area prices highest since October
The government is boosting its forecast for gasoline prices this year following an 11 percent increase since the middle of December. The move comes at a time when area gas prices are at their highest since October. Pump prices should average $3.55 a gallon in 2013, according to the Energy ...
Stories for Monday, February 11
Career fair attendance signals job growth
A University of Dayton career fair Monday attracted a record number of businesses and organizations, indicating a strengthening economy and more opportunities for students, officials said.The university held its 2013 Spring Career and Graduate School Fair at UD Arena because of increased demand from employers. The event hosted 165 organizations, ...
Stories for Saturday, February 9
More Japanese steakhouses opening
Japanese steakhouses have cropped up around the city in the last few years, and the latest, Sakura Japanese Steakhouse and Sushi, is currently under construction on the North Bechtle Avenue corridor.Sakura will open in the former Golden Bowl location at 1781 N. Bechtle Ave. in March, said owner Timmy Wang.Wang ...
How not to let a travel agent take you for a trip
In 2012 the Better Business Bureau received more than 7,000 complaints against travel agencies across North America.If a winter getaway, or any vacation, is in your plans, and you plan on using a travel agent, then the BBB urges you to do your research to find a trustworthy travel agency.Your ...
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