4 Reasons Why We Are Not Heading Toward Another Housing Bubble
With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago. Here are four key metrics that will explain why: Home Prices Mortgage […]
Group envisions streetcar extension across the river
A group called the Northern Kentucky Streetcar Committee is exploring ways to get a study funded to extend the route across the Taylor Southgate Bridge and into Newport, a leading member of the organization said Thursday.
The group eventually hopes an extension of the Cincinnati streetcar will wind its way through Newport and Covington, said Ian Budd, a community activist and CEO of ICB, an audiovisual equipment sales business.
The group has been exploring an extension for about 18 months and plans…
FC Cincinnati adds six players, including an MLS All-Star
Cincinnati’s new professional soccer team, FC Cincinnati, has added to its roster by signing six more players, including a former Major League Soccer All-Star.
Former University of Cincinnati and Cincinnati State star Omar Cummings, who made the MLS All-Star team in 2011 with the Colorado Rapids, heads up the latest batch of FC Cincinnati signings. Cummings, a native of Jamaica, scored 14 goals in 2010 with the Colorado Rapids. He scored 42 goals and had 30 assists in 185 regular-season MLS games.…
More Macy’s closings on the horizon, retail exec says
A retail executive whose resume includes positions at Amazon, Microsoft and the Home Depot says Macy’s Inc. (NYSE: M) will likely have to close even more stores and is in for pain in the future.
Anthony Rodio got his start as a brand manager at Procter & Gamble in Cincinnati but was drawn to the tech industry, and specifically its role in retail. He spent time as a general manager with Amazon, senior director with Microsoft and CEO of Redbeacon, a home service startup that was acquired by the Home…
Courier names 2016 Lifetime Health Care Hero
The Business Courier will honor Dr. Robert Smith with the 2016 Health Care Heroes Lifetime Achievement Award.
Smith, 94, joined the University of Cincinnati College of Medicine in 1975 as the first director of the Department of Family Medicine. He directed the department until 1991, and the following year he was named emeritus professor of the Department of Family & Community Medicine.
He founded the department with two faculty members and built it to 34. Smith also created several fellowship training…
Newport Aquarium plans new exhibit
Newport Aquarium will unveil a new exhibit this spring that will provide an interactive experience for guests.
Seahorses: Unbridled Fun will open in April with 10 species of seahorses, sea dragons, trumpetfish, shrimpfish and pipefish.
“Seahorses are very difficult to experience in nature due to their ability to blend, chameleon-like, into their surroundings,” Chris Pierson, director of husbandry at Newport Aquarium, said in a statement. “The way this exhibit’s viewing tanks are designed,…
Fifth Third CEO: ‘We’re going to be successful in 2016 regardless of Fed moves’
New Fifth Third Bancorp CEO Greg Carmichael isn’t sitting around waiting for interest rates to rise in order to help his company’s profits.
Carmichael, who took over as CEO on Nov. 1 after Kevin Kabat retired, is aiming to set up the bank to become more efficient so it can boost profits even if it doesn’t get a hand from the Federal Reserve.
“We’re going to be successful in 2016 regardless of whether the Fed moves rates or not,” Carmichael told me. “We’re set up for a strong performance…
Cincinnati Children’s to help UK revive heart surgery program
Cincinnati Children’s Hospital Medical Center has agreed to help the University of Kentucky rebuild its pediatric heart surgery program at Kentucky Children’s Hospital, which UK voluntarily suspended more than three years ago amid questions about mortality rates.
Each hospital will invest well above $1 million in the joint venture, which will include creating new jobs for several doctors and upgrading facilities and technology in both Cincinnati and Lexington.
“We’ll look to hire between…
Here’s how Fifth Third’s earnings compared to analysts’ expectations
Fifth Third Bancorp’s fourth-quarter earnings met analysts’ expectations even though its profits soared when one-time items were included.
Fifth Third’s profits soared 84 percent to 79 cents per share, or $634 million. That compared with $362 million, or 43 cents per share, in the year-ago quarter.
But when one-time items – mostly a $215 million after-tax gain on the sale of Vantiv Inc. shares and other adjustments related to its ownership stake in the Symmes Township-based payment processor…