Dayton Daily News (Dayton, OH) articles from January 2002

Dayton Daily News (Dayton, OH) archives from January 2002

Warm Weather Hurts Profits for Dayton, Ohio, Utility's Parent Company.
January 22, 2002... Byline: Jim Bohman Jan. 22--DAYTON, Ohio--DPL Inc. Monday reported record operating earnings for 2001, but saw warm temperatures melt fourth-quarter profits. Diluted net earnings per share after one-time items in the fourth quarter...

Travel Banks Attract Attention, Airlines for Smaller Airports.
January 20, 2002... Byline: Timothy R. Gaffney Jan. 20--What a time to start an airport. Mesa, Ariz., has been working for a decade to turn the former Williams Air Force Base into a reliever airport for nearby Phoenix Sky Harbor. The state and community...

Dayton, Ohio, Insurance Industry Dabbles in Banking.
January 20, 2002... Byline: Jim Bohman Jan. 20--DAYTON, Ohio--Nowadays, you can bank everywhere -- in supermarkets, at neighborhood branches and credit unions, at ATM machines and on the Internet. But there is more. Get ready for banking via insurance...

Columbus, Ohio-Based Airplane Company Targets Site at Air Force Base.
January 17, 2002... Byline: Timothy R. Gaffney Jan. 17--WRIGHT-PATTERSON AIR FORCE BASE, Ohio--A small company that modifies commercial and military airplanes promises to create 490 jobs over the next three years if it can get the use of a former...

Earnings Reports Are Mixed for Ohio-Based Banks.
January 17, 2002... Byline: Jim Bohman Jan. 17--Bank One Corp., which surprised Wall Street with giant losses in 2000, jumped back to the black in 2001. Meanwhile, KeyCorp and Provident Financial Group Inc. posted fourth-quarter losses and reduced...

Federated Department Stores to Shed Its Fingerhut Unit.
January 17, 2002... Byline: Jason Roberson Jan. 17--Federated Department Stores, parent of Lazarus department stores, said Wednesday that it will dispose of its Fingerhut subsidiary. The sale of Fingerhut's assets will generate $1.1 billion to $1.3...

GM Reports Earnings Decline of 87 Percent for 2001.
January 17, 2002... Byline: Christopher Montgomery Jan. 17--General Motors Corp. said Wednesday that intense pricing competition, losses overseas and the devaluation of the peso in Argentina led to a 58 percent decline in fourth-quarter earnings. GM...

Paper's Findings in Cell-Phone Study Match with Dayton, Ohio, School Figures.
January 17, 2002... Jan. 17--DAYTON, Ohio--Dayton City Schools spent $71,228 for cell phone service, and the district was billed close to that amount during a seven-month period beginning in late 2000, a Dayton Daily News analysis found. WHIO-TV reported in...

Reynolds Introduces Internet-Based Product Line for Automotive Retailers.
January 16, 2002... Byline: Tim Tresslar Jan. 16--The Reynolds & Reynolds Co. introduced Tuesday a line of Internet-based products for automotive retailers and car companies that senior management expects to blossom into a multibillion dollar business...

Fifth Third Bancorp Announces 21 Percent Increase in Quarterly Profits.
January 16, 2002... Byline: Jim Bohman Jan. 16--CINCINNATI--Fifth Third Bancorp matched analyst forecasts Tuesday, reporting a 21 percent jump in fourth-quarter 2001 profits that were boosted by gains in lending. Net income in the fourth quarter totaled...

Frisch's Restaurants of Cincinnati, Ohio, Reports Earnings Jump 70 Percent.
January 16, 2002... Byline: Jim Bohman Jan. 16--CINCINNATI --Frisch's Restaurants Inc. reported Monday that earnings from continuing operations jumped 70 percent in the fiscal second quarter, ended Dec. 16, to $2.1 million compared with $1.2 million a year...

Retail Sales in December Produce Some Good News.
January 16, 2002... Byline: Jason Roberson Jan. 16--Retail sales for December weren't as bad as many analysts predicted, according to a report from the Commerce Department released on Tuesday. December retail sales fell to $295.11 billion, only a 0.1...

Federal Signal Corp. of Oak Brook, Ill., Expects to Trim 300 Jobs.
January 16, 2002... Byline: Christopher Montgomery Jan. 16--Federal Signal Corp., an Oak Brook, Ill.-based diversified manufacturer, lowered its earnings estimates for the fourth quarter and said it would cut up to 300 jobs because the Sept. 11 terrorist...

Dayton, Ohio-Area Transit Authority Cuts Hours at Two Bus Hub Lobbies.
January 16, 2002... Byline: Lynn Hulsey Jan. 16--Lobby hours have been reduced at two Miami Valley Regional Transit Authority hubs in an effort to rein in costs. The changes were made at the south hub on Lyons Road near the Dayton Mall and the hub at...

Attacks Boost Dayton, Ohio-Area Security-Related Businesses.
January 14, 2002... Byline: Amelia Robinson Jan. 14--DAYTON, Ohio-- What's bad for safety and security is good for the security business in the Miami Valley. Since the day terrorists smashed jetliners into one of the world's most famous business...

AirTran Inducement for Expansion Nears Deadline for Dayton, Ohio, Chamber.
January 10, 2002... Byline: Timothy R. Gaffney Jan. 10--DAYTON, Ohio--The clock is ticking on a local effort to entice AirTran Airways to expand its discount airline service with an airline travel bank for business fliers. The Dayton Area Chamber of...

Convenience, Information Bring Shoppers Online.
January 10, 2002... Byline: Jason Roberson Jan. 10--DAYTON, Ohio--Weeks before Christmas, Barbara Marshall of Dayton received a wish list of items from her son in college along with the Web sites where they could be purchased. By shopping online,...

Beavercreek, Ohio, Restaurant Might Reopen after County Shutdown.
January 10, 2002... Byline: Kristen Convery Jan. 10--BEAVERCREEK, Ohio--Don Pablo's Mexican Kitchen could reopen as soon as Monday under new management, after a 10-day shutdown mandated by the Greene County Combined Health District. Problems were found...

Hospital Group to Terminate Contracts with United Healthcare of Ohio.
January 10, 2002... Byline: Jason Roberson Jan. 10--The Kettering Medical Center Network said Wednesday it will cut three contracts with United Healthcare of Ohio in a move that could affect 1,800 Miami Valley residents. Starting Feb. 28, UHO...

LexisNexis to Cut 175 Employees, But to Add Jobs to Some Operations.
January 10, 2002... Byline: Tim Tresslar Jan. 10--MIAMI TWP., MONTGOMERY COUNTY, Ohio--LexisNexis said Wednesday it will eliminate 175 jobs as it de-emphasizes certain businesses but also will add more than 200 jobs to the company's faster-growing segments....

Auto-Parts Plant Workers Laid-off in Moraine, Ohio, May Receive Cash.
January 9, 2002... Byline: Tim Tresslar Jan. 9--Five hundred workers laid off from two Harrison Thermal Systems plants in Moraine could be eligible for weekly cash payments and other assistance because they lost their jobs to foreign imports, federal...

GM Seeks to Reduce Thousands of White-Collar Jobs.
January 9, 2002... Byline: Christopher Montgomery Jan. 9--General Motors Corp. confirmed Tuesday it will offer early-retirement incentives to thousands of white-collar workers as part of an ongoing effort to cut costs amid an economic recession and slowing...

Dayton, Ohio, Power and Light Offers Severance Package to 150.
January 8, 2002... Byline: Jim Bohman Jan. 8--DAYTON, Ohio--To cut more jobs, the Dayton Power and Light Co. is offering a voluntary separation package for up to 150 union employees, the company confirmed Monday. Approximately 1,000 of DP&L's work...

New Dayton, Ohio, Commissioners to Focus on Broadening Growth.
January 6, 2002... Byline: Jim Bebbington Jan. 6--DAYTON, Ohio--Three new city commissioners will take the oath of office Monday and face an uncertain city. During a bruising mayoral campaign, Mayor-elect Rhine McLin ran on a platform that incumbent...

Ohio-Based Firm's Digital Fingerprinting Helps Employers Screen Applicants.
January 6, 2002... Byline: Tim Tresslar Jan. 6--Charles Carroll, a professional security consultant and former cop, says he has seen firsthand the sometimes tragic results of companies unwilling or unable to perform a thorough background check of job...

Marysville, Ohio-Made Honda Is Best-Selling Car in U.S.
January 5, 2002... Byline: Christopher Montgomery Jan. 5--Honda Motor Co.'s Accord was the best-selling car in America last year, trumping Toyota Motor Corp.'s Camry, which held the title for four consecutive years. Honda, Japan's second-largest...

Dayton, Ohio, Restaurant Owners Buy Another Area Eatery.
January 5, 2002... Byline: Jason Roberson Jan. 5--DAYTON, Ohio--The owners of Dayton's five Buffalo Wild Wings & Weck (bw-3) restaurants recently bought the Milano's restaurant at 1820 Brown Street. The new owners -- David Fisher, Eric Lundgren and...

Dayton, Ohio-Based Retailer Expects to Meet Quarterly Profit Estimate.
January 5, 2002... Byline: Jim Bohman Jan. 5--DAYTON, Ohio--Despite falling year-end sales, REX Stores Corp. said Friday it still expects fiscal fourth quarter profits to hit the consensus estimate of $1.12 per share. Stuart Rose, chairman and chief...

Dayton, Ohio-Based Company Wins Contract for Data Warehouse System in Beijing.
January 4, 2002... Byline: Tim Tresslar Jan. 4--DAYTON, Ohio--NCR Corp.'s Teradata division said Thursday it has landed a multimillion dollar contract to build an enterprise data warehouse system for the China Construction Bank of Beijing. Officials...

Trial of Two Ohio Investment Advisers Nears End.
January 4, 2002... Byline: Jim Bohman Jan. 4--The criminal contempt of court trial for investment advisers Mark W. May and Craig A. Herl is expected to end today in U.S. District Court with prison time possible if either is found guilty. May of Xenia...

Commercial Real Estate Market in Dayton, Ohio, Area Continues to Suffer.
January 4, 2002... Byline: Jason Roberson Jan. 4--Although vacancy rates among Dayton-area commercial buildings dropped last year, the overall commercial real estate market did not improve, according to the latest report from Gem Real Estate Group. Of...

State CPAs Predict Turnaround for Dayton, Ohio's Economy.
January 3, 2002... Byline: Jim Bohman Jan. 3--While the Dayton area economy is rated in "bad" condition by Ohio's certified public accountants, the outlook is for business to rebound by the second or third quarter. Nearly 57 percent of CPAs in Dayton...

Moraine, Ohio-Base Department Store Chain Names Interim President.
January 3, 2002... Byline: Jason Roberson Jan. 3--The Elder-Beerman Stores Corp. board on Tuesday named former Mead Corp. Chairman and Chief Executive Steven C. Mason interim president of the Moraine-based retailer. Mason will serve as Elder-Beerman's...

Tractor Supply Buys Michigan-Based Quality Farm & Fleet Chain.
January 3, 2002... Byline: Jim Bohman Jan. 3--Quality Farm & Fleet stores across the Miami Valley will close as a result of the Michigan retailer's bankruptcy filing in November and purchase Monday by rival Tractor Supply Co. of Tennessee. ...

Founder of Kettering, Ohio-Based Pizza Chain Dies at Age 79.
January 2, 2002... Byline: Jason Roberson Jan. 2--DAYTON, Ohio--Victor J. Cassano Sr., founder of Kettering-based restaurant chain Cassano's Pizza King, died Tuesday at Miami Valley Hospital after an extended illness. He was 79. Mr. Cassano, who spent...