July 23, 2014 at 2:10 p.m.
Embarq splits off from Sprint, Nextel (05/20/06)
Business roundup
Embarq Corporation announced its official separation from Sprint Nextel Corporation Thursday and began trading on the New York Stock Exchange as an independant public company.
Embarq, a spin-off of Sprint Nextel, replaces Sprint Local for local phone service. In addition, Embarq offers various options such as basic and advanced voice mail, Internet, wireless and entertainment services to 18 states, including Indiana.
For the year ending Dec. 31, 2005, Embarq had approximately $6.3 billion in revenue, which would rank it among the Fortune 500.
Andersons
announce stock split
The Andersons, Inc, Maumee, Ohio, announced this week that the board of directors approved a two-for-one stock split during its meeting following the annual meeting of shareholders.
Shareholders will receive one additional share for every share they own on the record date of June 1, which will be distributed at the close of business on June 28.
Also, the board approved a cash dividend of 4.5 cents per share payable on July 24 to shareholders of record on July 3.
This is the Anderson’s 39th consecutive quarterly cash dividend since 1996.
There are currently 7.6 million common shares outstanding currently, and 15.2 million are expected post-split.
Local REMC
continues eduation
Three Jay County REMC employees recently completed a two-and-a-half-day class in residential energy auditing held at Kankakee Valley REMC in Wanatah.
Ron Laux, Carla Siberly and Cindy Denney attended the class led by Jim Herritage of Energy Auditors, Inc. Herritage explained the findamentals of home energy use and the steps involved in performing a thorough home energy audit.
Attendees were also taught formulas to determine how much energy is lost through walls and ceilings based on current insulation, aiding auditors in showing homeowners additional money that could be saved to determine the necessity of new insulation.
In addition to classroom sessions, all participants devoted two hours each evening to “homework” to ensure they understood application of the new concepts.
Honored with award
The Society for Human Resource Management (SHRM) in Alexandria, Va., awarded the Merit Chapter designation to the East Central Indiana Human Resources Association for its efforts to support the mission of the organization in 2005.
The SHRM is a international organization formed to serve the needs of human resource professionals and has more than 550 chapters in 100 countries.
The East Cental Indiana Human Resouces chapter is one of only 18 in SHRM’s North Central Region comprised of ten states and 145 affiliated chapters.
Radio expands
to Richmond
JOY-FM, transmitted for the last seven years from Union City at 88.9 FM has launched two translators in the Richmond area.
The station will now reach listeners in New Paris, Ohio, and Eastern Richmond at 97.7 FM and from downtown Richmond at 94.5 FM.
The downtown signal broadcasts from Rock Solid Ministries.
JOY-FM is a 24-hour, non-commercial Christian music station owned by Positive Alternative Radio, Indiana.
For more information, the station’s website is www.889joyfm.com.
Ridgeville official
takes new job
Mark Ramsey, supervisor of Ridgeville’s street, parks, water and wastewater departments for the past 20 years has accepted the position of foreman for Culy Excavating.
Ramsey, will is currently working with Culy in New Haven, said he doesn’t plan to leave Ridgeville and will continue volunteer work with the fire department.
Ridgeville Town Clerk Arlinda Hardwick said she has received one inquiry to the position.
The public is welcome to attend an appreciation party for Ramsey held by friends and co-workers at the Calvary United Methodist Church, Sunday from 2 p.m. to 4 p.m.
Wal-Mart predicts
second-quarter slump
Though Wal-Mart Stores Inc. reported a first-quarter net income increase of 6.3 percent, executives warned that second-quarter results may be lackluster.
For the first quarter ending April 30, the Bentonville, Ark.-based retailer posted a net of $2.62 billion, and revenue rose 12 percent to $80.47 billion, including revenue from the international division totaling $17.34 billion.
Additionally, per-share profit rose from 58 cents to 63 cents.
However, higher interest costs, higher costs from the new employee health care plan and the cost of remodeling 1,800 stores by the end of 2007 may take a toll on second-quarter profits.
Additionally, Chief Executive Scott Lee said in a recorded message released Tuesday that the higher gasoline and utility prices nationwide could affect second-quarter results.
Wal-Mart reported a 3.8 percent first-quarter gain in same-store sales but predicts only a 2 to 4 percent same-store gain for the second quarter.
Ball State to host global business program
Ball State University will host “Crossing Borders,” a program designed to assist firms in their readiness for exporting, June 7 from 8 a.m. to 1 p.m. at the Alumni Center, 2800 W. Bethel Ave., Muncie.
The program is hosted by the Miller College of Business in partnership with Muncie-Delaware County Chamber of Commerce and is partially funded by a grant from the Global Issues Fund for the Center for International Business Education and Research at Purdue University.
Cost for the program is $69 per person or $200 for a table of four. Register at www.bsu.edu/business/crossingborders or call (765) 285-5926 by May 31.
Personal Fitness training available
Ivy Tech Community College Northeast, located in Fort Wayne, now offers Personal Fitness Trainer Certification by the Federation of Professional Trainers.
The first session will be offered Monday evenings from May 24 through July 19. Students are required to complete two hours of classroom study and two hours of hands-on training each week.
Students must be at least 18 years old and have a high school diploma.
Contact Bernice Bicknase, program chair at (260) 480-4180 or [email protected].
Nominations sought
Staff Care Inc., based in Irvington, Texas, is seeking nominations for the 2006 Country Doctor of the Year to honor spirit, skill and dedication of a rural medical practitioner.
The award resipient will recieve a signature plaque and a “fill-in” physician for one week at no charge, and past recipients have been featured in national media outlets.
Nominations will be accepted for physicians who practice in communities of fewer than 30,000 residents and who are engaged in “primary care” areas such as general practice, family practice, internal medicine and perdiatrics.
Friends, family members, patients or co-workers can nominate a physician, and applications can be obtained by visiting www.countrydoctoraward.com or calling Staff Care at (800) 685-2272. Stories and anecdotes about the physician’s practice are welcome. Completed nominations must be recieved no later than Sept. 5.[[In-content Ad]]
Embarq, a spin-off of Sprint Nextel, replaces Sprint Local for local phone service. In addition, Embarq offers various options such as basic and advanced voice mail, Internet, wireless and entertainment services to 18 states, including Indiana.
For the year ending Dec. 31, 2005, Embarq had approximately $6.3 billion in revenue, which would rank it among the Fortune 500.
Andersons
announce stock split
The Andersons, Inc, Maumee, Ohio, announced this week that the board of directors approved a two-for-one stock split during its meeting following the annual meeting of shareholders.
Shareholders will receive one additional share for every share they own on the record date of June 1, which will be distributed at the close of business on June 28.
Also, the board approved a cash dividend of 4.5 cents per share payable on July 24 to shareholders of record on July 3.
This is the Anderson’s 39th consecutive quarterly cash dividend since 1996.
There are currently 7.6 million common shares outstanding currently, and 15.2 million are expected post-split.
Local REMC
continues eduation
Three Jay County REMC employees recently completed a two-and-a-half-day class in residential energy auditing held at Kankakee Valley REMC in Wanatah.
Ron Laux, Carla Siberly and Cindy Denney attended the class led by Jim Herritage of Energy Auditors, Inc. Herritage explained the findamentals of home energy use and the steps involved in performing a thorough home energy audit.
Attendees were also taught formulas to determine how much energy is lost through walls and ceilings based on current insulation, aiding auditors in showing homeowners additional money that could be saved to determine the necessity of new insulation.
In addition to classroom sessions, all participants devoted two hours each evening to “homework” to ensure they understood application of the new concepts.
Honored with award
The Society for Human Resource Management (SHRM) in Alexandria, Va., awarded the Merit Chapter designation to the East Central Indiana Human Resources Association for its efforts to support the mission of the organization in 2005.
The SHRM is a international organization formed to serve the needs of human resource professionals and has more than 550 chapters in 100 countries.
The East Cental Indiana Human Resouces chapter is one of only 18 in SHRM’s North Central Region comprised of ten states and 145 affiliated chapters.
Radio expands
to Richmond
JOY-FM, transmitted for the last seven years from Union City at 88.9 FM has launched two translators in the Richmond area.
The station will now reach listeners in New Paris, Ohio, and Eastern Richmond at 97.7 FM and from downtown Richmond at 94.5 FM.
The downtown signal broadcasts from Rock Solid Ministries.
JOY-FM is a 24-hour, non-commercial Christian music station owned by Positive Alternative Radio, Indiana.
For more information, the station’s website is www.889joyfm.com.
Ridgeville official
takes new job
Mark Ramsey, supervisor of Ridgeville’s street, parks, water and wastewater departments for the past 20 years has accepted the position of foreman for Culy Excavating.
Ramsey, will is currently working with Culy in New Haven, said he doesn’t plan to leave Ridgeville and will continue volunteer work with the fire department.
Ridgeville Town Clerk Arlinda Hardwick said she has received one inquiry to the position.
The public is welcome to attend an appreciation party for Ramsey held by friends and co-workers at the Calvary United Methodist Church, Sunday from 2 p.m. to 4 p.m.
Wal-Mart predicts
second-quarter slump
Though Wal-Mart Stores Inc. reported a first-quarter net income increase of 6.3 percent, executives warned that second-quarter results may be lackluster.
For the first quarter ending April 30, the Bentonville, Ark.-based retailer posted a net of $2.62 billion, and revenue rose 12 percent to $80.47 billion, including revenue from the international division totaling $17.34 billion.
Additionally, per-share profit rose from 58 cents to 63 cents.
However, higher interest costs, higher costs from the new employee health care plan and the cost of remodeling 1,800 stores by the end of 2007 may take a toll on second-quarter profits.
Additionally, Chief Executive Scott Lee said in a recorded message released Tuesday that the higher gasoline and utility prices nationwide could affect second-quarter results.
Wal-Mart reported a 3.8 percent first-quarter gain in same-store sales but predicts only a 2 to 4 percent same-store gain for the second quarter.
Ball State to host global business program
Ball State University will host “Crossing Borders,” a program designed to assist firms in their readiness for exporting, June 7 from 8 a.m. to 1 p.m. at the Alumni Center, 2800 W. Bethel Ave., Muncie.
The program is hosted by the Miller College of Business in partnership with Muncie-Delaware County Chamber of Commerce and is partially funded by a grant from the Global Issues Fund for the Center for International Business Education and Research at Purdue University.
Cost for the program is $69 per person or $200 for a table of four. Register at www.bsu.edu/business/crossingborders or call (765) 285-5926 by May 31.
Personal Fitness training available
Ivy Tech Community College Northeast, located in Fort Wayne, now offers Personal Fitness Trainer Certification by the Federation of Professional Trainers.
The first session will be offered Monday evenings from May 24 through July 19. Students are required to complete two hours of classroom study and two hours of hands-on training each week.
Students must be at least 18 years old and have a high school diploma.
Contact Bernice Bicknase, program chair at (260) 480-4180 or [email protected].
Nominations sought
Staff Care Inc., based in Irvington, Texas, is seeking nominations for the 2006 Country Doctor of the Year to honor spirit, skill and dedication of a rural medical practitioner.
The award resipient will recieve a signature plaque and a “fill-in” physician for one week at no charge, and past recipients have been featured in national media outlets.
Nominations will be accepted for physicians who practice in communities of fewer than 30,000 residents and who are engaged in “primary care” areas such as general practice, family practice, internal medicine and perdiatrics.
Friends, family members, patients or co-workers can nominate a physician, and applications can be obtained by visiting www.countrydoctoraward.com or calling Staff Care at (800) 685-2272. Stories and anecdotes about the physician’s practice are welcome. Completed nominations must be recieved no later than Sept. 5.[[In-content Ad]]
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