RCBI puts new equipment to use
HUNTINGTON -- The Robert C. Byrd Huntington Advanced Manufacturing Technology Center now has new equipment that can increase production for manufacturers through integrated milling and turning operations.
RCBI's new 5-axis CNC Mill/Turn Center is part of Mori Seiki's NTX 2000 series of high precision, high efficiency integrated mill/turn centers, according to a news release. Designed to machine complex shapes, it's used in the production of precision parts used in medical and measurement devices, as well as the oil and gas industry.
Manufacturers keep the work on one machine by integrating both milling and turning operations, which reduces set-ups and handling to make the job more productive.
RCBI offers both leased use and technical training on the latest machining technology. For more information or to schedule leased use for Huntington equipment, call 304-781-1689. For Charleston equipment, call 304-720-7738.
Report: Ohio casinos' revenue dips in April
CINCINNATI -- All four of Ohio's casinos saw dips in April revenues compared to their March numbers.
A report released Tuesday by the Ohio Casino Control Commission shows Cleveland drawing in the highest revenue compared to the state's other facilities. The casino there raked in almost $19.9 million.
Columbus reported more than $18 million in April revenue. Cincinnati dropped from $21 million in its first month of operation in March, to about $17.8 million in April.
Toledo also ticked down slightly from $17.8 million in March, to $16.4 million last month.
Statewide, casino revenues dropped from $84.3 million in March to $72.2 million.
The four casinos approved by voters in 2009 opened within a 10-month span, beginning with Toledo and Cleveland last May. The Columbus site opened in October.
DirecTV shares soar after strong 1Q results
NEW YORK -- Shares of DirecTV hit a record high on Tuesday after the country's No. 1 provider of satellite TV services reported lower first-quarter earnings that nonetheless beat Wall Street's expectations.
The company reported net income of $690 million, or $1.20 per share, in the January-March period. That's down 6 percent from $731 million, or $1.07 per share, in the same period a year earlier. DirecTV had fewer outstanding shares in the latest quarter due to stock buybacks, which increased per-share earnings.
Its adjusted earnings were $1.43 per share. These figures exclude a charge related to currency devaluation in Venezuela. Analysts surveyed by FactSet had expected adjusted earnings of $1.07 per share, on average.
Revenue rose 8 percent to $7.58 billion from $7.05 billion. Analysts expected revenue of $7.53 billion.
Survey: US home prices up 10.5 pct. in past year
WASHINGTON -- A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006.
Core Logic, a real estate data provider, said Tuesday that annual home prices have now increased for 13 straight months. Prices are rising in part because more buyers are bidding on a limited supply of homes for sale.
Prices increased in 46 states over the past year -- 11 of them posting double-digit gains. And when excluding distressed sales, which include foreclosures and short sales, prices rose in every state. A short sale is when a home sells for less than what is owed on the mortgage.
Nevada led all states with a 22.2 percent annual gain. It was followed by California (17.2 percent), Arizona (16.8 percent), Idaho (14.5 percent) and Oregon (14.3 percent).