July 23, 2014 at 2:10 p.m.

Kaup to be honored by Fort chamber

Business roundup

The Fort Recovery Chamber of Commerce announced that Tess Kaup will be awarded with the 2009 Citizen of the Year award.

Kaup has been active with the Fort Recovery Merchants Association, Fort Recovery Athletic Boosters, Fort Recovery Historical Society and has assisted with local events as well as being a local business owner for many years.

Kaup provided leadership for coordinating the Christmas Open House and publication of the local shoppers guide for several years.

Other awards being awarded at the chamber's annual banquet on March 14 include Hall of Fame recipients Cy LeFevre and Roger Lennartz, and the 16th Annual Outstanding Community Service Award to the Cooper Family Foundation.

Tickets for the banquet are available at local banks, Fort Recovery Insurance Agency or by calling (419) 375-2530.

Lawsuit filed

A lawsuit was filed against First Merchants Bank, alleging that the company mismanaged a customer's $2 million trust.

Betty Kendall, a retired teacher and daughter of a former First Merchant's president, filed the suit in Delaware Circuit Court alleging that the company's poor investment strategy caused the trust's balance to dwindle from about $2 million down to $160,000.

Kendall alleges the bank switched its investments from a diverse portfolio including 22 entities, down to two stocks, First Merchants and Old National Bank.

Credential awarded

Brian Hurt, Portland, was awarded a Child Development Associate credential by the Council for Professional Recognition in Washington D.C.

The credential is given for outstanding work with young children in early education. Candidates are evaluated for their ability to work with families to develop a child's physical and intellecual capabilities.

Hurt works with Educare, an early education service located in Portland.

Buying

Walgreen Co. has agreed to purchase pharmacy chain Duane Reade for about $620 million.

The deal will acquire all of Duane Reade's 257 stores in the New York area and Walgreens will assume approximately $480 in debt.

Walgreens, which posted $63 billion in sales last year, is seeking to keep ahead of competitor CVS Caremark as well as retail store pharmacies including Wal-Mart.

Earnings up

Waste Mangement Inc. posted a 45 percent increase in earnings in the fourth quarter due to tax benefits, cost cuts and increase in recyclable prices.

Profits rose to $315 million in the fourth quarter, up from $218 a year prior. Total revenue, however, fell by 3.3 percent to $3.01 billion.

Prices for recycled commodities increased 20 percent during the quarter, which aided in raising profits.

Soft sales

Wal-Mart is predicting soft sales ahead after experiencing a decline in its fourth quarter.

Consumer confidence is increasing and buyers may become less cost-conscious, a move that could hurt Wal-Mart, which benefited as consumers switched toward the retailer's discounted items as the recession settled in.

Wal-Mart still saw a 22 percent profit increase in the fourth quarter as it controlled expenses although same-store sales fell 1.6 percent as competitors are picking up additional market share.

The company is attributing the slowdown as a return to normalcy after strong performance through the onset of the recession.

Networking breakfast

The next Jay County Chamber of Commerce networking breakfast will be March 10.

Bob Lyons, chairman of the county's renewable energy task force, will present the program "Wind Energy in Jay County."

The breakfast will begin at 7:30 a.m. at the Dunkirk Elks Lodge. Cost to attend is $4 and reservations should be made to the chamber at (260) 726-4481 or by e-mail to [email protected].

Radio day

The Jay County of Chamber of Commerce will be featured on air during the "Shop Jay County First" Day on WPGW radio.

The broadcast will occur live from the chamber lobby from 7 a.m. to 5 p.m. on March 17.

The chamber is also looking for sponsors for the day to have live commercials read by county "notable" persons. For more information on the event or how to sign up for sponsorship, contact the chamber at (260) 726-4481. Sponsorship deadline is March 15.

Business expo

The Jay County Chamber of Commerce is accepting registrations for the 2010 Business Expo and Home Show.

Booths at the expo will feature a 8x10 foot space, backdrop and side curtains, company identification sign, 6 or 8 foot table and advertising.

Electricity is available at an additional cost.

Cost for a space at the expo is $150 for chamber members and $200 for non-members.

Star sponsorship, which comes with the benefit of premier location, is $500.

The 2010 expo and home show will take place April 10 and 11. Deadline to register is March 22.

More more information, contact the chamber at (260) 726-4481.

Eye seminar

Dr. Steven DeGroff of Family Eye Care in Berne and Winchester recently attended a seminar in Indianapolis focusing on glaucoma, infectious diseases of the eyes and inflammatory eye conditions.

The seminar included speakers and new research on the topics.

DeGroff has practiced in Berne for 20 years and in Winchester for five years.[[In-content Ad]]
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