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Published: Thursday, March 01, 2018 @ 4:34 AM
Updated: Thursday, March 01, 2018 @ 4:33 AM
PARIS — French carmaker PSA Group says it made record profits and sales last year despite the costs of buying long-struggling Opel.
PSA, the maker of Peugeot and Citroen cars, reported Thursday an 11.5 percent rise in net income to 1.9 billion euros ($2.3 billion). Sales grew over 20 percent to 65.2 billion euros, partly thanks to the addition of Opel.
CEO Carlos Tavares gave an upbeat forecast for the year and said the group will keep focusing on turning Opel around after years of losses. PSA bought General Motors' Germany-based Opel and Britain-based Vauxhall brands last year.
Published: Thursday, February 15, 2018 @ 11:28 AM
Updated: Thursday, March 22, 2018 @ 10:18 PM
— Southwest Airlines is adding another new flight at the Cincinnati/Northern Kentucky International Airport.
Southwest Airlines’ new nonstop service from Cincinnati/Northern International Airport to Denver, Colorado (DEN) will begin Aug. 7. The new route will operate daily year round with Boeing 737 aircraft using a combination of 143 and 175 seat configurations.
» TRENDING BUSINESS: Dayton airport development sparks clash with Plan Board, residents
“This new route continues our growth in the region and adds more time saving itineraries to Denver and destinations in the western half of the United States,” said Dave Harvey, Southwest Airlines’ managing director of corporate sales. “Every flight on Southwest Airlines offers travelers the ability to change flights without paying change fees.”
Denver will be the third daily year-round destination served by Southwest at CVG.
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Published: Thursday, March 22, 2018 @ 12:24 PM
Good Samaritan Hospital will close before Aug. 29.
Premier Health, which operates the northwest Dayton hospital, announced in January that Good Samaritan would close before the end of the year and today gave a tighter time frame for the closure.
“While we had initially communicated a closing toward the end of the year, we did say that some dynamics could result in a different closure date, due to the unpredictability and complexity that understandably comes with such transitions,” Premier stated.
Premier said it will give an exact date in the coming months.
When the Philadelphia Drive hospital closes down, it will move 1,600 jobs out of the northwest Dayton neighborhood where it has served as an anchor for nearly a century.
The main campus will be torn down after the hospital closes. City Wide Development and Planning NEXT, a design firm based in Columbus, are working with Premier on a plan for the site and the first public meetings on the site’s future are today.
More on Good Samaritan Hospital
Published: Thursday, March 22, 2018 @ 4:54 PM
A Springboro maker of pressure-activated chemiluminescent writing devices that can be used by soldiers on the battlefield or police in the field received state money Thursday to help move the new technology out of the lab and into the marketplace.
The Ohio Third Frontier Commission approved $2.1 million for several companies and schools to move new technologies out of the lab and into the marketplace. Many of these innovative products could advance medicine and improve outcomes for patients.
“We are helping to advance these technologies and get them to market where they can make a difference,” said David Goodman, director of the Ohio Development Services Agency and chair of the Ohio Third Frontier Commission.
Battle Sight Technologies in Springboro was awarded $100,000 to build, test and scale up manufacturing for a new prototype of its pressure-activated chemiluminescent writing device. It’s a glow stick you can write with, according to the company.
Battle Sight Technologies was started by Nick Ripplinger and Bennett Tanton in August 2017.
•University of Dayton Research Institute was awarded $200,000 to create the Miami University/University of Dayton Technology Validation and Start-up Fund.
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Published: Thursday, March 22, 2018 @ 10:52 AM
Updated: Thursday, March 22, 2018 @ 1:54 PM
AES Ohio Generation, formerly Dayton Power & Light, will lay off approximately 370 workers in Aberdeen and Manchester at two power plants.
The company is permanently closing two generation plant facilities located at 745 US 52 in Aberdeen and Killen Station located at 14869 US 52 in Manchester. This will also result in the closure of a training center located in Manchester, according to a notice sent to state officials.
The company anticipates these facilities will close by June 1, but the expected layoff date could be earlier. About 260 of the 370 workers are part of Utility Workers Union of America Local 175.
The closures were previously announced last March. A company spokeswoman said they are “proactively managing workforce transitions related to the closure of these generation units,” including contributing $2 million for the purpose of workforce development and job retraining in Adams County. The company will also offer employment services including interview preparation and resume editing for impacted employees.
The plan closings also come years into what has been seen as a challenging environment for coal. The Obama administration put forward its plan for reducing national dependency on coal, called the Clean Power Plan, but the plan is being contested in courts, and the new Trump administration is seen as more open to coal usage.
The two power generation stations — known as the Killen and Stuart stations — have been operated since the 1970s. DP&L owns 5,500 acres in Adams County, controlling seven miles of Ohio River-facing property.
FIVE FAST BUSINESS READS