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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 09, 2013
Page
6
HMSHost announced plans to add a second Starbucks on Concourse B and a Chick-fil-A on the Main Concourse at Dayton International Airport, with completion expected by fall. The Max & Erma’s on Main Concourse will be refurbished this summer while MVP Sports Bar, Quiznos, and existing outlets remain in operation.
Winans Fine Chocolates and Coffees plans a new 1,800 square foot store at 8090 Looney Road in Piqua. Co-owner Laurie Winans Reiser said the shop will open Friday with six employees and a drive through. Hours are 6:30 a.m. to 8 p.m. weekdays, 8 a.m. to 8 p.m. Saturdays, and 11 a.m. to 5 p.m. Sundays. For more information call 937-606-2817.
Mortgage delinquencies continue to drop as lenders work through problem loans and reduce new delinquencies. A new report from Lender Processing Services Inc. shows national rates easing more than 15 percent since December, with Ohio slightly above the U.S. average.
Ohio reports 6.9 percent delinquency on about 1.6 million active loans and 3.2 percent in foreclosure as of May. Nationally 6.08 percent delinquent, 3.05 percent in foreclosure. Underwater loans declined to 7.3 million nationwide at end of Q1 2013.
Washington report shows hiring surges in temporary and contract work across firms from Wal-Mart to GM and PepsiCo. About 17 million Americans have tenuous ties to employers, with temps and freelancers now making up nearly 2.7 million workers. Analysts cite economic uncertainty and flexible payrolls, plus health care rule delays, as drivers of a long term shift toward contingent work.
Americans increased borrowing in May by 19.6 billion led by strong gains in credit card use, pushing total consumer credit to 2.84 trillion. Credit card debt rose to 847.1 billion the largest since 2010 while student loan borrowing remains a key driver alongside auto loans.
Fiat exercises a third option to acquire 3.3 percent of Chrysler for 254.7 million dollars, aiming to buy the trust that funds UAW medical benefits and merge Chrysler with Fiat. A Delaware Chancery Court ruling will decide option prices and influence the joint plan.
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