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Middletown Journal in Middletown, Ohio

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Articles on This Page

This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Middletown Journal

Location

Middletown, Ohio, United States of America

Date

Aug 09, 2013

Page

7

Museums invites five firms for fourth building design-build

The National Museum of the U.S. Air Force named five contractors Whiting-Turner M.A. Mortenson Turner Hensel Phelps and Archer Western Butt Construction to submit design-build proposals for the 224000 square foot fourth building. The U.S. Army Corps of Engineers Louisville oversees the second phase while proposals are due by October 2 and followed a May qualifications review.

National Museum of the U.S. Air Force Whiting-Turner Contracting Co Greenbelt M.A. Mortenson’ Construction Minneapolis Turner Construction Co Washington, D.C Hensel Phelps Chantilly Archer Western/Butt Construction Chicago U.S. Army Corps of Engineers Louisville tHom AS Gnau

PNC says fed probe into mortgage pricing being examined

PNC Financial Services said the Justice Department and federal regulators are examining its mortgage practices, including loan pricing, to determine if pricing by National City and PNC had a disparate impact on protected classes. A spokesman declined to comment.

PNC Financial Services Justice Department Federal Civil Rights Division Consumer Financial Protection Bureau National City PNC Associated Press

J C Penney stock rises on CEO search report

J C Penney shares rose about 7 percent after a media report that the retailer has started a new CEO search to replace Mike Ullman who has led the firm since 2004 with a brief return in 2011. CNBC cited an accelerated process urged by activist investor Bill Ackman in a letter to the board.

J.C. Penney Mike Ullman Ullman Penney Ron Johnson CNBC Bill Ackman Associated Press

Fewer layoffs but hiring lags in US jobs data

Applications for unemployment benefits fell to 335,500 for the four weeks ending in late June, the lowest since November 2007. Despite fewer layoffs, hiring remains weak as employers added about 4.3 million jobs per month this year through June, below pre recession levels.

Washington U.S Labor Department

Slow start to back-to-school season hits retailers

Retailers report a sluggish July as consumers focus on discounted summer items over fall apparel. The International Council of Shopping Centers notes a 3.8 percent rise in same-store sales, the slowest since March, with weak traffic and aggressive discounting cited by American Eagle and Aeropostale. Families with school-age children are expected to spend about 634.78 on clothing and supplies, down from 688.62 last year.

New York International Council of Shopping Centers Costco Wholesale Corp Ken Perkins RetailMetrics American Eagle Outfitters Inc Aeropostale Inc National Retail Federation Prosper Insights & Analytics

GM says no dividend plans despite revived outlook

General Motors Chief Financial Officer Dan Ammann said there are no current plans to pay a dividend on common shares and gave no time frame. CEO Dan Akerson noted consideration of future dividends and buybacks. GM last paid in May 2008 and suspended payments two months later amid bankruptcy. Treasury owns about 13.8 percent. GM nears truck lineup overhaul with the Silverado and Sierra launch.

Traverse City Mich General Motors Co U.S Dan Ammann Michigan Dan Akerson Detroit U.S. Treasury Ford Motor Co Treasury

AES beats estimates with second quarter earnings rise

AES Corp reports adjusted earnings of 32 cents a share for the April-June period, above analysts' 26-cent forecast. The gain comes from lower tax rate, new capacity and higher Chilean availability, cost cuts, and share repurchases totaling 63 million dollars for 5.3 million shares at 11.81. AES CEO Andrès Gluski says the company is on track to meet full-year projections despite Latin America headwinds.

AES Corp Dayton Power & Light Global Power Company Chile AES Latin America Andrés Gluski U.S Indianapolis

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