July 23, 2014 at 2:10 p.m.
Hartzell gets training grant (08/19/06)
Business roundup
The Indiana Department of Workforce Development and the Indiana Economic Development Corporation have awarded a $107,400 grant to Hartzell Fan Inc. in Portland.
The grant, one of 18 given to Indiana companies and entities, is a training acceleration grant that allows employers to pay for training to advance the skills of the existing workforce.
Overall, the state awarded $1.4 million for the program. Eight grants were awarded to companies that employ fewer than 100 employees.
Hartzell Fan employs 35 employees, according to the Indiana Department of Workforce Development.
"Training Acceleration Grants give employers the funding to increase the skills of Indiana's workforce, which is an important asset that Indiana can use to leverage the state as a competitive place to do business," said Indiana Secretary of Commerce Michael Maurer. "Indiana's skilled workforce is vital to attracting new investment to our state."
Profits slip
For the first since 1996, Wal-Mart Stores Inc. announced a third quarter profit decline Tuesday.
The 26 percent fall in earnings comes after the retailer closed stores in Germany, along with a drastic rise in energy prices.
Wal-Mart stock fell 55 cents, or 1.2 percent, to $44.55 on the New York Stock Exchange following the announcement.
For the third quarter, the retailer reported a net income of $2.08 billion, 50 cents per share, a decrease from $2.81 billion, 67 cents a share, last year.
Wal-Mart closed stores in Germany in July and in South Korea in May after posting losses in those countries. Wal-Mart hopes to shift resources to expand into markets in China and Latin America, which are said to be more profitable.
Wal-Mart is the world's largest retailer.
Sun, Drawbridge close to deal on Marsh
Marsh's board of directors reiterated support for the planned buy out by Sun Capital Partners, the company announced Monday.
The announcement comes after a judge in Hamilton County ruled earlier this month that Marsh must stay with the sales agreement with Sun, despite a better bid from another company.
Drawbridge Special Opportunities Advisors and Cardinal Paragon offered a higher buyout deal after Marsh had already reached a deal with Sun on May 2.
Now it appears as though all sides have come to an agreement. An agreement has been reached to sell and lease part of Marsh's real estate to Cardinal Paragon and Drawbridge, while Sun will buy the 75-year-old grocery company. Cardinal and Drawbridge will drop their bid to buy the grocer, according to Marsh.
"All that Cardinal/Drawbridge wanted was the real estate all along, and guess what, they got it," Matthew Will, associate dean of the business school at the University of Indianapolis, told the Indianapolis Star earlier this week. "Indianapolis will get one company that's good at running supermarkets and another one that's good at running real estate."
Sun plans to buy Marsh for around $88 million, or $11.12 per share. Shareholders of Marsh will vote Sept. 22 on the deal.
Marsh announced earlier this month a profit for the first quarter of fiscal 2007, after three consecutive quarters without a profit.
The grocer owns and operates 69 Marsh supermarkets in Indiana and western Ohio, 154 Village Pantry convenience stores and 38 LoBill Food stores.
I&M to inspect lines
with helicopter
Starting Monday Indiana Michigan Power will use helicopters to perform comprehensive aerial inspections and maintenance of its high-voltage lines in Indiana and Michigan.
A helicopter will fly low above the lines and may circle a structure several times to look at equipment during inspections. Sparks may be created when the helicopter connects and disconnects from power lines, which is normal.
Flights will take place between 7 a.m. and 5 p.m., Monday through Saturday.
The company plans to inspect lines in Muncie, Indianapolis and southeastern Indiana Sept. 2-9, and in Fort Wayne and Decatur Sept. 10-16.
See Training page 6
Continued from page 5
Announce dividend
The Andersons Inc. announced a cash dividend of 4.5 cents a share for the fourth quarter Thursday.
The announcement marks the 40th consecutive quarter that the company has posted a cash dividend since it was listed on NASDAQ on Feb. 20, 1996.
The company has approximately 15.3 million common shares outstanding.
The Andersons own and operate a grain terminal in Richland Township near Dunkirk and have announced tentative plans to build an ethanol plant.
New technology offered
Family Eye Care of Berne recently announced its acquisition of a new eye scanning system.
The Stratus OCT is a scanning system that is used to produce detailed images of the retina, and is the only instrument that can view retinal layers below the surface of the retina.
In addition, the machine creates x-ray-like images of the structures affected by glaucoma and other abnormalities of the retina, such as detached retina, macular holes and age-related macular degeneration.
"Stratus OCT enables us to clearly see the internal structures of the eye, so problems can be identified and treated in the best way possible," said Dr. Steven A. DeGroff, who has practiced in Berne since 1987. "Also, our patients really appreciate that this instrument is much less bright and more comfortable than our previous RTA (retinal thickness analyzer) instrument."
Manufactured by Carl Zeiss Meditec, Stratus OCT never touches the eye and only takes minutes to scan the eye, allowing for increased patient comfort.
Networking meeting scheduled
There will be a chamber networking meeting on Tuesday, Aug. 29 at noon at the Jay County Hospital Conference Room A-B.
Guest speaker will be Bryan Douglass from Ivy Tech Community College. He will be giving a workforce and economic development presentation.
Those wishing to attend are encouraged to RSVP by Aug. 24 by calling (260) 726-4481 or emailing [email protected]. The cost is $8.[[In-content Ad]]
The grant, one of 18 given to Indiana companies and entities, is a training acceleration grant that allows employers to pay for training to advance the skills of the existing workforce.
Overall, the state awarded $1.4 million for the program. Eight grants were awarded to companies that employ fewer than 100 employees.
Hartzell Fan employs 35 employees, according to the Indiana Department of Workforce Development.
"Training Acceleration Grants give employers the funding to increase the skills of Indiana's workforce, which is an important asset that Indiana can use to leverage the state as a competitive place to do business," said Indiana Secretary of Commerce Michael Maurer. "Indiana's skilled workforce is vital to attracting new investment to our state."
Profits slip
For the first since 1996, Wal-Mart Stores Inc. announced a third quarter profit decline Tuesday.
The 26 percent fall in earnings comes after the retailer closed stores in Germany, along with a drastic rise in energy prices.
Wal-Mart stock fell 55 cents, or 1.2 percent, to $44.55 on the New York Stock Exchange following the announcement.
For the third quarter, the retailer reported a net income of $2.08 billion, 50 cents per share, a decrease from $2.81 billion, 67 cents a share, last year.
Wal-Mart closed stores in Germany in July and in South Korea in May after posting losses in those countries. Wal-Mart hopes to shift resources to expand into markets in China and Latin America, which are said to be more profitable.
Wal-Mart is the world's largest retailer.
Sun, Drawbridge close to deal on Marsh
Marsh's board of directors reiterated support for the planned buy out by Sun Capital Partners, the company announced Monday.
The announcement comes after a judge in Hamilton County ruled earlier this month that Marsh must stay with the sales agreement with Sun, despite a better bid from another company.
Drawbridge Special Opportunities Advisors and Cardinal Paragon offered a higher buyout deal after Marsh had already reached a deal with Sun on May 2.
Now it appears as though all sides have come to an agreement. An agreement has been reached to sell and lease part of Marsh's real estate to Cardinal Paragon and Drawbridge, while Sun will buy the 75-year-old grocery company. Cardinal and Drawbridge will drop their bid to buy the grocer, according to Marsh.
"All that Cardinal/Drawbridge wanted was the real estate all along, and guess what, they got it," Matthew Will, associate dean of the business school at the University of Indianapolis, told the Indianapolis Star earlier this week. "Indianapolis will get one company that's good at running supermarkets and another one that's good at running real estate."
Sun plans to buy Marsh for around $88 million, or $11.12 per share. Shareholders of Marsh will vote Sept. 22 on the deal.
Marsh announced earlier this month a profit for the first quarter of fiscal 2007, after three consecutive quarters without a profit.
The grocer owns and operates 69 Marsh supermarkets in Indiana and western Ohio, 154 Village Pantry convenience stores and 38 LoBill Food stores.
I&M to inspect lines
with helicopter
Starting Monday Indiana Michigan Power will use helicopters to perform comprehensive aerial inspections and maintenance of its high-voltage lines in Indiana and Michigan.
A helicopter will fly low above the lines and may circle a structure several times to look at equipment during inspections. Sparks may be created when the helicopter connects and disconnects from power lines, which is normal.
Flights will take place between 7 a.m. and 5 p.m., Monday through Saturday.
The company plans to inspect lines in Muncie, Indianapolis and southeastern Indiana Sept. 2-9, and in Fort Wayne and Decatur Sept. 10-16.
See Training page 6
Continued from page 5
Announce dividend
The Andersons Inc. announced a cash dividend of 4.5 cents a share for the fourth quarter Thursday.
The announcement marks the 40th consecutive quarter that the company has posted a cash dividend since it was listed on NASDAQ on Feb. 20, 1996.
The company has approximately 15.3 million common shares outstanding.
The Andersons own and operate a grain terminal in Richland Township near Dunkirk and have announced tentative plans to build an ethanol plant.
New technology offered
Family Eye Care of Berne recently announced its acquisition of a new eye scanning system.
The Stratus OCT is a scanning system that is used to produce detailed images of the retina, and is the only instrument that can view retinal layers below the surface of the retina.
In addition, the machine creates x-ray-like images of the structures affected by glaucoma and other abnormalities of the retina, such as detached retina, macular holes and age-related macular degeneration.
"Stratus OCT enables us to clearly see the internal structures of the eye, so problems can be identified and treated in the best way possible," said Dr. Steven A. DeGroff, who has practiced in Berne since 1987. "Also, our patients really appreciate that this instrument is much less bright and more comfortable than our previous RTA (retinal thickness analyzer) instrument."
Manufactured by Carl Zeiss Meditec, Stratus OCT never touches the eye and only takes minutes to scan the eye, allowing for increased patient comfort.
Networking meeting scheduled
There will be a chamber networking meeting on Tuesday, Aug. 29 at noon at the Jay County Hospital Conference Room A-B.
Guest speaker will be Bryan Douglass from Ivy Tech Community College. He will be giving a workforce and economic development presentation.
Those wishing to attend are encouraged to RSVP by Aug. 24 by calling (260) 726-4481 or emailing [email protected]. The cost is $8.[[In-content Ad]]
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