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Published: Tuesday, January 09, 2018 @ 6:55 AM
Updated: Friday, February 09, 2018 @ 10:24 AM
— Allegiant is adding nonstop service from the Cincinnati/Northern Kentucky International Airport to two new destinations.
The low-cost carrier will now fly to Charleston, South Carolina and Sarasota, Fla. Flights from Cincinnati to Sarasota-Bradenton International Airport begin on April 13 with one-way fares as low as $48. Flights to Charleston International Airport begin April 5 with one-way fares as low as $48.
» MUST-READ TRAVEL NEWS: 7 major changes at the Dayton airport in 2017
Flight days, times and the lowest fares can be found only at Allegiant.com.
“Allegiant’s passenger traffic grew more than 20 percent in 2017, and we look forward to that trend continuing in 2018 with the addition of Charleston and Sarasota to its network at CVG,” said Candace McGraw, chief executive officer of CVG. “Allegiant will now serve 21 different destinations from CVG, and we’re delighted that local travelers will now have nonstop flight options to these popular vacation spots.”
Allegiant also serves the Columbus and Dayton airports. On Monday, United Airlines announced it will add a route from Dayton International Airport to Houston, Texas.
FIVE FAST BUSINESS READS
Published: Wednesday, February 21, 2018 @ 3:02 PM
Updated: Wednesday, February 21, 2018 @ 3:10 PM
Springfield — Mercy Health, which operates the Springfield Regional Medical Center and Mercy Health-Urbana Hospital in Champaign County, will merge with Bon Secours Health System, a Catholic health ministry serving residents across the East Coast.
Mercy Health, headquartered in Cincinnati, is the largest employer in Springfield. It’s the largest health system in Ohio and among the top five employers in the state, with more than 33,500 employees serving communities throughout Ohio and in Kentucky.
The merger will create one of the largest health systems in the country spanning seven states in the eastern half of the U.S., according to a news release.
“As consumers grapple with the implications of Health Care Reform in a dynamic marketplace, Mercy Health and Bon Secours share a vision to improve the health of the communities we serve as the low-cost, high-value provider,” said John M. Starcher, Jr., Mercy Health President and CEO. “Working together, our strong faith-based heritage fuels our mutual focus to provide efficient and effective health care for each patient who comes through our doors.”
The merger creates the fifth largest Catholic health system in the country, allowing the new entity to leverage economies of scale by integrating resources and teams across the ministries, the release says.
In the coming months, both parties will work together to finalize a definitive merger agreement, obtain applicable approvals and complete plans to merge. While there is no specific date outlined, executives at both Mercy Health and Bon Secours expect to complete this merger by the end of the calendar year.
MORE BUSINESS NEWS:
Published: Wednesday, February 21, 2018 @ 7:58 AM
— Rite Aid could be bought by a private company that operates grocery chains like Safeway and Vons.
Albertsons Cos., based in Idaho, said the company is planning to buy Rite Aid’s 2,500 stores, according to the Associated Press.
The announcement comes at a time when rival pharmacy chains are also looking at mergers. Drug distributor AmeriSourceBergen is looking at buying Walgreens, and CVS and Aetna are seeking to merge.
Albertsons said it will continue to run Rite Aid stand-alone stores, and most of the grocery operator’s pharmacies will be rebranded as Rite Aid. Albertsons also runs Jewel-Osco, Shaw’s, Vons and Acme stores.
The companies say the deal should close in the second half of this year, but regulators and Rite Aid shareholders still have to approve it, according to AP.
Published: Wednesday, February 21, 2018 @ 8:54 AM
— Macy’s is renovating one of its existing stores in the Dayton area to add an outlet store, according to a permit submitted to the Montgomery County Building Regulations Division.
Macy’s submitted a permit for a partial remodel of its existing Macy’s department store located at 2700 Miamisburg Centerville Road at the Dayton Mall. The estimated market value of the completed project is $75,000.
» TRENDING COVERAGE: Macy’s ‘fine-tuning’ staffing at some stores
The permit indicates the project is a partial building alteration to make space for a 1,300-square-foot Macy’s Backstage outlet.
The department store chain has invested in its off-price concept, called Macy’s Backstage. The company added 11 new Backstage stores within existing Macy’s stores in the first quarter of 2017. The stores, similar to Nordstrom Rack, offer discounted prices on brand clothing up to 80 percent off.
» MUST-READ RETAIL NEWS: Will Macy’s become a discount store? Retailer shares grim sales report
This would be the first Backstage concept in Ohio. The chain has outlets in Alabama, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Michigan, Missouri, New Jersey, New York, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia and Wisconsin.
This news organization has reached out to a Macy’s spokeswoman for more information about the project.
In January, the company announced the closure of 11 Macy’s stores — including one in downtown Cincinnati. It’s part of the retailer’s plan to close approximately 100 stores, which was announced back in August 2016.
The following Macy’s stores will be closing in early 2018. In most cases, clearance sales started Jan. 8 and run for approximately 8 to 12 weeks. Macy’s has closed a total of 124 stores since 2015.
FIVE FAST BUSINESS READS
Published: Friday, December 29, 2017 @ 9:42 AM
— Buying a home can be a daunting task − whether it is your first or fifth time heading to the closing table.
For most of us, it will be the largest investment of our lives. However, there are factors predicted for the upcoming year that will make purchasing a home even more stressful.
According to Redfin's 2018 projections, inventory will remain low, especially for smaller starter-homes. Additionally, thirty-year mortgage rates are expected to rise between 4.3 and 4.5 percent. Changes to the capital gains tax may also persuade many current homeowners not to sell, putting even more strain on the inventory list. However, there are still deals to be found and your dream home may very well still be out there waiting on you.
When you find it, be sure to avoid these 6 common mistakes that first-time homebuyers often make:
Not getting a professional inspection
The idea of paying for a home inspection for a property that you might not even buy seems like a silly concept to some, but it can save you tens of thousands of dollars in the long run. The median cost of a home inspection is $350-$600 for an average or larger sized house, according to HomeInspector.org. Compared to potential issues with the foundation, electrical system or plumbing, however, it's a small price to pay.
Not putting a pause button on purchases
Buying your first house can be an exciting process and many new buyers get the urge to buy furniture and other home essentials before their closing date. While it's understandable to want to get a head start, it is very important that you not do this. According to Kayla Sweeny, a mortgage loan originator with Southeast Mortgage, a very common mistake is "buying things on credit during the mortgage process. The credit report has to be updated to add the new debt. Debt-to-Income ratios have to be recalculated and the file has to be reviewed again. This could potentially kill a deal."
Not keeping up with correspondence
Sweeny also noted that many first time buyers fail to check their mail, e-mail or messages regularly. "There could be critical loan documentation that a mortgage loan originator or processor has sent the borrower. The entire process is time sensitive. A sense of urgency is a must." This also applies to correspondence from your real estate agent, appraiser and inspector.
Not understanding the hidden costs of buying a home
Everyone knows that you'll likely require a mortgage to purchase a home. Unfortunately, many people fail to factor in the other costs associated with purchase - appraisals, earnest money, inspection costs, taxes, HOA dues, utilities and so on. Rafael Castellanos, president of Expert Title Insurance, told Bankrate.com, "They have an idea of what their mortgage payment is going to be, but they don't realize there's much more to it."
Not working with a buyer's agent
Some first-time buyers believe that they don't need or can't afford a buyer's agent. Nothing could be further from the truth. Home purchasing contracts can be long and confusing, filled with legalese that often baffle the layman. Eddie Hudson, owner of The Smyrna Team at Keller Williams, explains that "this means you have no representation, and working with a buyer's agent is free of charge as the seller is paying the commission."
Not looking into loan assistance programs