July 23, 2014 at 2:10 p.m.
Geneva chamber golf outing is June 1 (05/05/07)
Business roundup
The Geneva Chamber of Commerce will hold a golf outing on June 1.
The event, which is in its third year, will be held at the Wabash Valley Golf Course, Geneva. Cost is $200 per team. Check in and lunch start at noon.
A Florida Best Ball Tournament will start at 1 p.m. There will be prizes for first, second and third place.
The registration deadline is May 25. For more information, call Keith Muhlenkamp at (260) 726-8810 or e-mail him at [email protected].
To open bigger
Aldi, Inc., has announced that instead of closing its Winchester location it will build a new, larger store across from the Winchester Wal-Mart. The new store will feature an expanded line of products - including fresh meat.
The closing on the property located at the southeast corner of U.S. 27 and Greenville Pike, was expected today, according to Justin Furr, Aldi Greenwood Division director of real estate. Plans call for opening the store by October, although Furr said it was hoped it could be earlier.
Company officials considered closing the Winchester store in November 2006, because of its limited options to expand, but they heard a great outpouring from the community, Furr said.
"We really appreciate the support of city officials and city government, as well as the loyalty of our customers there in Winchester," Furr told the News- Times (Winchester) newspaper.
Aldi discount grocery opened in Winchester on April 30, 1987, and currently operates more than 5,000 stores worldwide including more than 800 stores in 26 states in the U.S.
Discounts available
Adams County recently launched a prescription drug discount program.
All Jay County residents are eligible for the coverage. The free NACo cards are accepted at all of the county's pharmacies, as well as 57,000 other pharmacies in the country.
The cards are available at Berne, Geneva and Decatur libraries, participating pharmacies and Adams County Government offices. For assistance, call (877) 321-2652.
Water deal closer
Cardinal Ethanol and the Union City water department are closer to a deal that calls for extending a water line to the ethanol plant east of Winchester.
The pipeline to Cardinal Ethanol could cost about $1 million to construct, according to John Dull, superintendent of the UCI water department. Even with the extra revenue generated by having Cardinal as a customer, that amount could take 40 years to pay off, he said.
Negotiations include Cardinal paying for the pipeline and infrastructure up front and then selling it back to the city for what Dull called a "nominal fee."
Cardinal has indicated it does not want to maintain the water line and the city cannot maintain something it does not own.
Best place to work
Edward Jones, which has 348 branches - including one in Portland - has been named "Best Place to Work in Indiana" by the Indiana Chamber of Commerce.
The company is one of 36 that earned this honor. The winners were determined through employer reports and comprehensive employee surveys.
Edward Jones won in the large-sized company category.
Unemployment low
Mercer County took top honors in Ohio again for the lowest state unemployment rate for March, according to figures just released by the Ohio Department of Job and Family Services.
The 3.8 percent unemployment rate for Mercer County dropped by 0.2 of a percent from February to March.
The Auglaize County rate is also low at 4.4 and in Darke County the rate was 6.4 percent. The only nearby county with an increase was Van Wert which went up 0.1 percent to 5.1 percent.
Overall, Ohio's unemployment rate was 5.2 percent in March, up from 5 percent in February, according to ODJFS.
The U.S. unemployment rate for March was 4.4 percent, down slightly from 4.5 percent in February.
Sees turnaround
Tyson Foods Inc., riding a rebound in beef, swung to a fiscal second-quarter profit in a surprisingly strong turnaround, according to the Wall Street Journal.
The Springdale, Ark., meat processor, the parent company of Tyson Mexican Originals in Portland, posted its best results in six quarters and raised its full-year earnings outlook. Still, its net grain costs were up $42 million from a year earlier, reflecting diversion of corn to make the biofuel ethanol, according to the Journal.
Tyson now expects full-year profit of 65 cents to 90 cents a share, up from a prior outlook for 50 cents to 80 cents a share.
Beef, Tyson's biggest business, made a significant recovery in the quarter ending March 31, posting operating earnings of $24 million compared with a loss of $188 million a year earlier. The company cited higher average selling prices on better volume, along with operating efficiencies, according to the Journal.
Tyson made the news in mid-April by announcing its first renewable fuel venture, with ConocoPhillips. The project, which won't show up on its profit-and-loss sheets for months, envisions burning fat from cows, pigs and chickens into biodiesel.
Wal-Mart targeted again
A human-rights group released a highly critical report on Wal-Mart Stores Inc., alleging that the retailer used security cameras to spy on union sympathizers and planted supervisors alongside pro-union workers to monitor their activities, according to the Wall Street Journal.
The 210-page report by Human Rights Watch is the most comprehensive analysis to date of the company's actions during union organizing drives, according to labor professors. It examines dozens of drives at a U.S. Wal-Mart store between 2000 and 2005 and cites 15 decisions by the National Labor Relations board that found Wal-Mart violated labor laws during those drives.
The group found a total of four such decisions during that period at seven other major retailers, including Target Corp., Sears Holdings Corp., and its Kmart unit.
The Bentonville, Ark., retailer criticized the report and said it was motivated by a political agenda.
Announces changes
The board of directors of Central States Enterprises, with a grain terminal in Montpelier, recently elected Robert M. Nawrot to the position of president. Nawrot currently serves as secretary/treasurer of the enterprise.
The announcements came after Central States' annual meeting held in Orlando, Fla. The firm is headquartered in Heathrow, Fla.
Nawrot, 46, joined the accounting department of Central States in 1987. Richard C. Shura, the company's founder, president and board of directors chairman, will remain as board chairman. Kenneth R. Cupples continues to serve as executive vice-president.
In other appointments, Gregory A. Roy joined the company as general manager of the Montpelier grain facility. Roy, 54, has more than 25 years of experience in the grain industry. He most recently served as CEO of EMP Co-op in Woodburn and earlier as vice-president and director of export sales and feed grains merchandising with Barlett and Co.
Todd R. Rush has been named grain division manager at the Montpelier facility. Rush joined Central States in 1995.
Income nearly triples
The net income for The Andersons, Inc., nearly tripled during the first-quarter this year, compared to the same three-month period last year.
The income this year was $9.2 million, compared to $3.8 million in 2006. Also, the first-quarter revenues were $409 million, compared to $281 million in 2006.
Safety month
May is National Electrical Safety Month and consumers can help protect themselves from electrical accidents by taking a few minutes to check their homes for unsafe conditions.
According to the National Electrical Safety Foundation and the Consumer Product Safety Commission, studies of residential electrical fires show the majority of serious fires need not have occurred. The conditions that caused the fires probably would have been detected by an electrical inspection.
Jay County REMC encourages all members to take a few minutes to check electrical products in their homes.
Visit the National Electrical Safety Foundation's web site at www.nesf.org or contact the foundation at (703) 841-3229 for more information on electrical safety.
Office to close
Jay County REMC will be closed Monday, May 28, in observance of Memorial Day.
In case of an emergency members should call (260) 726-7121 or (800) 835-7362.[[In-content Ad]]
The event, which is in its third year, will be held at the Wabash Valley Golf Course, Geneva. Cost is $200 per team. Check in and lunch start at noon.
A Florida Best Ball Tournament will start at 1 p.m. There will be prizes for first, second and third place.
The registration deadline is May 25. For more information, call Keith Muhlenkamp at (260) 726-8810 or e-mail him at [email protected].
To open bigger
Aldi, Inc., has announced that instead of closing its Winchester location it will build a new, larger store across from the Winchester Wal-Mart. The new store will feature an expanded line of products - including fresh meat.
The closing on the property located at the southeast corner of U.S. 27 and Greenville Pike, was expected today, according to Justin Furr, Aldi Greenwood Division director of real estate. Plans call for opening the store by October, although Furr said it was hoped it could be earlier.
Company officials considered closing the Winchester store in November 2006, because of its limited options to expand, but they heard a great outpouring from the community, Furr said.
"We really appreciate the support of city officials and city government, as well as the loyalty of our customers there in Winchester," Furr told the News- Times (Winchester) newspaper.
Aldi discount grocery opened in Winchester on April 30, 1987, and currently operates more than 5,000 stores worldwide including more than 800 stores in 26 states in the U.S.
Discounts available
Adams County recently launched a prescription drug discount program.
All Jay County residents are eligible for the coverage. The free NACo cards are accepted at all of the county's pharmacies, as well as 57,000 other pharmacies in the country.
The cards are available at Berne, Geneva and Decatur libraries, participating pharmacies and Adams County Government offices. For assistance, call (877) 321-2652.
Water deal closer
Cardinal Ethanol and the Union City water department are closer to a deal that calls for extending a water line to the ethanol plant east of Winchester.
The pipeline to Cardinal Ethanol could cost about $1 million to construct, according to John Dull, superintendent of the UCI water department. Even with the extra revenue generated by having Cardinal as a customer, that amount could take 40 years to pay off, he said.
Negotiations include Cardinal paying for the pipeline and infrastructure up front and then selling it back to the city for what Dull called a "nominal fee."
Cardinal has indicated it does not want to maintain the water line and the city cannot maintain something it does not own.
Best place to work
Edward Jones, which has 348 branches - including one in Portland - has been named "Best Place to Work in Indiana" by the Indiana Chamber of Commerce.
The company is one of 36 that earned this honor. The winners were determined through employer reports and comprehensive employee surveys.
Edward Jones won in the large-sized company category.
Unemployment low
Mercer County took top honors in Ohio again for the lowest state unemployment rate for March, according to figures just released by the Ohio Department of Job and Family Services.
The 3.8 percent unemployment rate for Mercer County dropped by 0.2 of a percent from February to March.
The Auglaize County rate is also low at 4.4 and in Darke County the rate was 6.4 percent. The only nearby county with an increase was Van Wert which went up 0.1 percent to 5.1 percent.
Overall, Ohio's unemployment rate was 5.2 percent in March, up from 5 percent in February, according to ODJFS.
The U.S. unemployment rate for March was 4.4 percent, down slightly from 4.5 percent in February.
Sees turnaround
Tyson Foods Inc., riding a rebound in beef, swung to a fiscal second-quarter profit in a surprisingly strong turnaround, according to the Wall Street Journal.
The Springdale, Ark., meat processor, the parent company of Tyson Mexican Originals in Portland, posted its best results in six quarters and raised its full-year earnings outlook. Still, its net grain costs were up $42 million from a year earlier, reflecting diversion of corn to make the biofuel ethanol, according to the Journal.
Tyson now expects full-year profit of 65 cents to 90 cents a share, up from a prior outlook for 50 cents to 80 cents a share.
Beef, Tyson's biggest business, made a significant recovery in the quarter ending March 31, posting operating earnings of $24 million compared with a loss of $188 million a year earlier. The company cited higher average selling prices on better volume, along with operating efficiencies, according to the Journal.
Tyson made the news in mid-April by announcing its first renewable fuel venture, with ConocoPhillips. The project, which won't show up on its profit-and-loss sheets for months, envisions burning fat from cows, pigs and chickens into biodiesel.
Wal-Mart targeted again
A human-rights group released a highly critical report on Wal-Mart Stores Inc., alleging that the retailer used security cameras to spy on union sympathizers and planted supervisors alongside pro-union workers to monitor their activities, according to the Wall Street Journal.
The 210-page report by Human Rights Watch is the most comprehensive analysis to date of the company's actions during union organizing drives, according to labor professors. It examines dozens of drives at a U.S. Wal-Mart store between 2000 and 2005 and cites 15 decisions by the National Labor Relations board that found Wal-Mart violated labor laws during those drives.
The group found a total of four such decisions during that period at seven other major retailers, including Target Corp., Sears Holdings Corp., and its Kmart unit.
The Bentonville, Ark., retailer criticized the report and said it was motivated by a political agenda.
Announces changes
The board of directors of Central States Enterprises, with a grain terminal in Montpelier, recently elected Robert M. Nawrot to the position of president. Nawrot currently serves as secretary/treasurer of the enterprise.
The announcements came after Central States' annual meeting held in Orlando, Fla. The firm is headquartered in Heathrow, Fla.
Nawrot, 46, joined the accounting department of Central States in 1987. Richard C. Shura, the company's founder, president and board of directors chairman, will remain as board chairman. Kenneth R. Cupples continues to serve as executive vice-president.
In other appointments, Gregory A. Roy joined the company as general manager of the Montpelier grain facility. Roy, 54, has more than 25 years of experience in the grain industry. He most recently served as CEO of EMP Co-op in Woodburn and earlier as vice-president and director of export sales and feed grains merchandising with Barlett and Co.
Todd R. Rush has been named grain division manager at the Montpelier facility. Rush joined Central States in 1995.
Income nearly triples
The net income for The Andersons, Inc., nearly tripled during the first-quarter this year, compared to the same three-month period last year.
The income this year was $9.2 million, compared to $3.8 million in 2006. Also, the first-quarter revenues were $409 million, compared to $281 million in 2006.
Safety month
May is National Electrical Safety Month and consumers can help protect themselves from electrical accidents by taking a few minutes to check their homes for unsafe conditions.
According to the National Electrical Safety Foundation and the Consumer Product Safety Commission, studies of residential electrical fires show the majority of serious fires need not have occurred. The conditions that caused the fires probably would have been detected by an electrical inspection.
Jay County REMC encourages all members to take a few minutes to check electrical products in their homes.
Visit the National Electrical Safety Foundation's web site at www.nesf.org or contact the foundation at (703) 841-3229 for more information on electrical safety.
Office to close
Jay County REMC will be closed Monday, May 28, in observance of Memorial Day.
In case of an emergency members should call (260) 726-7121 or (800) 835-7362.[[In-content Ad]]
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