The Economy & Business

The Economy & Business
7:35 am
Wed February 20, 2013

Dayton's First Four Festival Canceled

An annual Dayton festival planned around the start of the NCAA men's basketball tournament has been canceled this year.

Organizers said it was necessary because the NCAA is no longer permitting local sponsorships of public events surrounding the tournament.

The Dayton Daily News reports that the First Four Festival in the city's historic Oregon District was planned for March 17. The University of Dayton Arena is the annual site of the tournament's opening game, a "play-in" contest between the two lowest-seeded teams.

The Economy & Business
11:10 am
Wed February 6, 2013

No More Saturday Mail, Says Postal Service

The United States Postal Service announced  Wednesday it will suspend mail delivery on Saturdays. WYSO’s Emily McCord reports the decision is expected to save 2 billion dollars a year.

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Developing
7:04 am
Tue February 5, 2013

Ohio Casino Revenue May Be Less Than Projected

Gov. John Kasich's budget proposal suggests that revenue from Ohio's four voter-approved casinos could be about half of what officials had predicted years ago.

The Cleveland Plain Dealer reports that state officials estimated four years ago that the casinos could take in as much as $1.9 billion a year after all were in operation.

But Kasich's budget proposal issued Tuesday projects that gross casino revenue will be $957.7 million for the fiscal year beginning July 1. It could rise to just over $1 billion in the following fiscal year.

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The Economy & Business
6:35 am
Mon February 4, 2013

Ohio Gas Prices Higher to Start Work Week

Prices at Ohio gas pumps are higher this week.

The average price for a gallon of regular gas in Ohio was $3.52 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. That's 13 cents higher than a week ago.

The state average mirrors the national average of $3.52, which is 17 cents higher than a week ago. The price in Ohio is about 29 cents higher than the same time last month.

Experts say prices are continuing to rise because of solid economic recovery in China and the U.S. and other factors.

The Economy & Business
4:32 pm
Mon January 28, 2013

New Jobs Promised With State Job Creation Dollars

There’s good news on the job front in Ohio. Eleven companies plan to invest 51 million dollars throughout the buckeye state.

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