July 23, 2014 at 2:10 p.m.
Fleetwood closing in Decatur
Business roundup
Nearly 450 people will lose their jobs as a result of Fleetwood Motor Homes of Indiana Inc. closing its Decatur plant at the end of May.
The company issued a Workers' Adjustment and Retraining Notification notice on Wednesday, stating that the 443 position will be affected when the plant closes. Jobs losses will come in the form of 338 hourly production, 20 monthly professionals, 25 management and 60 weekly staff employees.
The notice states the "conditions in the Motor Home industry have changed to the point where our capacity exceeds the market needs."
Employees will continue to receive regular hourly wages for work completed through May 31 as well as health insurance coverage until that time.
Free pizzas
An unused coupon code resulted in about 11,000 free pizzas given out by Domino's.
An Internet user discovered the codeword "bailout," which was part of an unused promotion schedule for the chain in December. The deal was good for a free medium pizza if ordered online.
The code was deactivated by Domino's Tuesday, but not before about 11,000 pizzas were claimed.
Walgreens open
The Walgreens location in Portland opened Thursday.
Focused around pharmacy service and medicines, the store also offers other household necessity and convenience items. Portland's location will also offer a drive-thru pharmacy for prescription pickups.
Hours will be 8 a.m. to 10 p.m. every day with the pharmacy open for reduced hours of 9 a.m. to 6 p.m. on Saturday and 10 a.m. to 6 p.m. on Sundays. The new drugstore is one of nearly 6,700 Walgreens locations across the United States and Puerto Rico.
Milk payments
The United States Department of Agriculture announced that it will begin sending payments to participants of the Milk Income Loss Contract.
As milk prices have continued to tumble, the USDA will begin sending out the additional funding to supplement dairy operator incomes. As prices dip under $16.94 per hundredweight on Boston Class I milk, the USDA begins making the payments.
As feed costs increase, however, the activation price is altered, and for the month of February that price was $17.33, cueing in MILC payments of about $1.5132 to producers.
The USDA will issue about $150 million in assistance checks for milk produced in February.
Funds returned
Old National Bancorp. returned $100 million in federal bailout money earlier this month.
After a "stress test" performed on the banks balance sheets, it was decided the Evansville-based bank group could survive without the Troubled Asset Relief Program funding and returned the $100 million given to it.
The money was reaccepted by the Treasury.
Chamber expo
The 19th annual Winchester Area Chamber of Commerce Home and Business expo will be held later this month.
Admission to the event is free and the expo will take place from 9 a.m. to 3 p.m. on April 18 at the Randolph County 4-H Fairgrounds.
The expo will give residents the opportunity to meet and get information from local home and business vendors. Positions are still available for interested vendors and should contact Christy Starbuck at (765) 584-3731 if they would like to participate.
Forecast cut
American Electric Power sliced its profit forecast as it plans to increase stock and cut spending.
The power company trimmed its earning prediction to between $2.75 to $3.05 per share, down from $3 and $3.40 per share.
AEP plans to sell another 50 million shares to the public, totaling about 14 percent of the total current shares issues by the company. The increased shareholder numbers, combined with reduced spending, is being utilized to reduce debt.
VP of operations
Bell Aquaculture promoted from within, announcing a new vice president of operations.
Norman McCowan, who served as operations manager, was bumped up into the new position for the yellow perch producer headquartered in Redkey.
McCowan boasts more than 16 years of experience in raising fish and was formerly a pet store owner and vice president of Enchanted Koi and Water Garderns.
He attended Ivy Tech State College and was a 1988 graduate of Jay County High School.
Bell Aquaculture was featured in two major publications recently as the Redkey-based yellow perch producers continues its first months of operations.
The company, which is headquartered in Redkey and operates the world's largest yellow perch farm in Albany, was featured twice in the Chicago Tribune as well as by NewsLink Indiana.
The company has been in contact with about 5,000 restaurants as it plans to ramp up production in coming months.
Chamber breakfast
The next Jay County Chamber of Commerce networking breakfast will be held on Wednesday.
Lynne Ooten of Prep4 will present a program the "Three new changes for employers, one common denominator. Complexity!" that will provide an overview of the Ledbetter Fair Pay Act, FMLA and ADA.
The breakfast will begin at 7:30 a.m. Wednesday at the Dunkirk Elks Lodge. Cost is $4. E-mail reservations to [email protected] before the end of Monday.
Manufacturing key
A report prepared by Ball State recently showed manufacturing as a key source of growth for the state, ranking Indiana highly as a manufacturer.
The report card graded states on seven functional areas, with Indiana receiving a "A" score as a total and in the global reach category.
Michael Hicks, director of Ball State's Center for Business and Economic Research noted that while manufacturing is hurting during the national recession, a turn in the industry will be a key to recovery.
Job workshop
Ivy Tech Community College-Northeast is offering a free job workshop for those struggling to find work.
"Job Search in a Tough Economy," hosted by Sheila Biggs, assistant director of career advising at Ivy Tech, will look at ways to overcome obstacles in job searches.
Two session will be held Thursday, one from 12:30 to 1:30 p.m. and an evening session from 5 to 6 p.m. The workshop will take place at the Ivy Tech Coliseum Campus auditorium in Fort Wayne. Registration is requested by calling (260) 481-2282.[[In-content Ad]]
The company issued a Workers' Adjustment and Retraining Notification notice on Wednesday, stating that the 443 position will be affected when the plant closes. Jobs losses will come in the form of 338 hourly production, 20 monthly professionals, 25 management and 60 weekly staff employees.
The notice states the "conditions in the Motor Home industry have changed to the point where our capacity exceeds the market needs."
Employees will continue to receive regular hourly wages for work completed through May 31 as well as health insurance coverage until that time.
Free pizzas
An unused coupon code resulted in about 11,000 free pizzas given out by Domino's.
An Internet user discovered the codeword "bailout," which was part of an unused promotion schedule for the chain in December. The deal was good for a free medium pizza if ordered online.
The code was deactivated by Domino's Tuesday, but not before about 11,000 pizzas were claimed.
Walgreens open
The Walgreens location in Portland opened Thursday.
Focused around pharmacy service and medicines, the store also offers other household necessity and convenience items. Portland's location will also offer a drive-thru pharmacy for prescription pickups.
Hours will be 8 a.m. to 10 p.m. every day with the pharmacy open for reduced hours of 9 a.m. to 6 p.m. on Saturday and 10 a.m. to 6 p.m. on Sundays. The new drugstore is one of nearly 6,700 Walgreens locations across the United States and Puerto Rico.
Milk payments
The United States Department of Agriculture announced that it will begin sending payments to participants of the Milk Income Loss Contract.
As milk prices have continued to tumble, the USDA will begin sending out the additional funding to supplement dairy operator incomes. As prices dip under $16.94 per hundredweight on Boston Class I milk, the USDA begins making the payments.
As feed costs increase, however, the activation price is altered, and for the month of February that price was $17.33, cueing in MILC payments of about $1.5132 to producers.
The USDA will issue about $150 million in assistance checks for milk produced in February.
Funds returned
Old National Bancorp. returned $100 million in federal bailout money earlier this month.
After a "stress test" performed on the banks balance sheets, it was decided the Evansville-based bank group could survive without the Troubled Asset Relief Program funding and returned the $100 million given to it.
The money was reaccepted by the Treasury.
Chamber expo
The 19th annual Winchester Area Chamber of Commerce Home and Business expo will be held later this month.
Admission to the event is free and the expo will take place from 9 a.m. to 3 p.m. on April 18 at the Randolph County 4-H Fairgrounds.
The expo will give residents the opportunity to meet and get information from local home and business vendors. Positions are still available for interested vendors and should contact Christy Starbuck at (765) 584-3731 if they would like to participate.
Forecast cut
American Electric Power sliced its profit forecast as it plans to increase stock and cut spending.
The power company trimmed its earning prediction to between $2.75 to $3.05 per share, down from $3 and $3.40 per share.
AEP plans to sell another 50 million shares to the public, totaling about 14 percent of the total current shares issues by the company. The increased shareholder numbers, combined with reduced spending, is being utilized to reduce debt.
VP of operations
Bell Aquaculture promoted from within, announcing a new vice president of operations.
Norman McCowan, who served as operations manager, was bumped up into the new position for the yellow perch producer headquartered in Redkey.
McCowan boasts more than 16 years of experience in raising fish and was formerly a pet store owner and vice president of Enchanted Koi and Water Garderns.
He attended Ivy Tech State College and was a 1988 graduate of Jay County High School.
Bell Aquaculture was featured in two major publications recently as the Redkey-based yellow perch producers continues its first months of operations.
The company, which is headquartered in Redkey and operates the world's largest yellow perch farm in Albany, was featured twice in the Chicago Tribune as well as by NewsLink Indiana.
The company has been in contact with about 5,000 restaurants as it plans to ramp up production in coming months.
Chamber breakfast
The next Jay County Chamber of Commerce networking breakfast will be held on Wednesday.
Lynne Ooten of Prep4 will present a program the "Three new changes for employers, one common denominator. Complexity!" that will provide an overview of the Ledbetter Fair Pay Act, FMLA and ADA.
The breakfast will begin at 7:30 a.m. Wednesday at the Dunkirk Elks Lodge. Cost is $4. E-mail reservations to [email protected] before the end of Monday.
Manufacturing key
A report prepared by Ball State recently showed manufacturing as a key source of growth for the state, ranking Indiana highly as a manufacturer.
The report card graded states on seven functional areas, with Indiana receiving a "A" score as a total and in the global reach category.
Michael Hicks, director of Ball State's Center for Business and Economic Research noted that while manufacturing is hurting during the national recession, a turn in the industry will be a key to recovery.
Job workshop
Ivy Tech Community College-Northeast is offering a free job workshop for those struggling to find work.
"Job Search in a Tough Economy," hosted by Sheila Biggs, assistant director of career advising at Ivy Tech, will look at ways to overcome obstacles in job searches.
Two session will be held Thursday, one from 12:30 to 1:30 p.m. and an evening session from 5 to 6 p.m. The workshop will take place at the Ivy Tech Coliseum Campus auditorium in Fort Wayne. Registration is requested by calling (260) 481-2282.[[In-content Ad]]
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