The Economy & Business

Business
8:35 am
Tue July 26, 2011

Corn Prices Fall as Heavy Rain follows High Heat

Corn prices fell Monday after storms delivered rain to crops that had been baking in a heat wave across much of the Midwest.

Corn for December delivery fell 11 cents to settle at $6.745 a bushel. Other commodities were mixed as congressional leaders continued to debate ways to raise the U.S. debt limit, and cut spending.

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Business & Technology
12:01 pm
Thu July 21, 2011

Fifth Third Bank's Profit Doubled in 2nd Quarter

Regional banking company Fifth Third Bancorp says its second-quarter earnings more than doubled as credit trends continued to improve.

The Cincinnati-based company reports net income of $328 million for April, May and June. That compares with earnings of $130 million in the same period a year ago. Some analysts expect earnings-per-share of 28 cents.

Fifth Third says it saw growth in mortgage banking, credit card and corporate banking revenue. They operate more than 1,300 banking centers in 12 states.

Business & Technology
8:06 am
Thu July 21, 2011

Ohio Home Sales See June Jump

Ohio home sales jumped about 10 percent in June compared to May, even as the nation's housing market continued its worst showing since the housing bust.

The Ohio Association of Realtors said Wednesday that just over 10,000 new and existing single-family homes and condos were sold in the state last month.

President Meg Hudson says the association is optimistic that the Ohio market is poised to stabilize following a tumultuous past few years.

June's average home sale price in Ohio was over 142 thousand dollars which is a 7.5 percent increase over the May average.

Business
8:35 am
Wed July 20, 2011

The Greene and Greene County Debate $14.8 Million Tax

The Greene Town Center, LLC, believes it should be relieved of a $14.8 million dollar tax set aside for Greene County.

The Greene's owners filed a lawsuit in April against Greene County officials instructing the county to perform its legal duties according to the Feb. 1, 2005, contract that sets the terms to retire the letter of credit.

Business & Technology
12:56 pm
Thu July 14, 2011

GE to Build Facility on UD Property

General Electric and the University of Dayton have agreed to a leasing deal.

Dayton City leaders hope that a GE plant will help to attract other new high-tech businesses. Officials have estimated as many as 200 jobs could be created. City Commissioners are said to have unanimously approved the deal.

GE's new facility will be in an existing building on land that UD purchased from NCR. Officials said GE will not have to pay property tax for the first 15 years of their lease.

Construction is expected to begin in a month and to open in 2013

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