July 23, 2014 at 2:10 p.m.
Legion takes top 'Taste' honors
Business Roundup
Attendees at the inaugural Taste of Jay County voted for their favorites foods in eight categories and the Jay County Chamber of Commerce recently announced the winners.
American Legion Post No. 211 took the "Best of Taste" honor for their baby back ribs, which also won in the best entrée category.
Other winners include: appetizers, Bandidos for mini grandees; salads, Bearcreek Farms for broccoli salad; soups, Richards Family Restaurant for potato soup; sandwiches, Marsh Hometown Market for BBQ on potato roll; side dish, Pay-less Pizza/Carla's Catering for cole slaw; desserts, Koffee Kup Diner for pies; and beverages, Coca-Cola for soft drinks.
Sale finalized
Metaldyne Corp., Bluffton, announced it completed a sale of all its assets including the plant to MD Investors Corp.
The driveline manufacturer was bought after the sale cleared a court supervised auction, in which MD Investors paid $40 million in cash for the asset purchase and will assume debt and liability of more than $425 million.
The company will operate under the new name Metaldyne LLC.
Launched
CenturyTel and Embarq officially launched the CenturyLink brand this week throughout the state's 33-state service area.
The merger between the two telecommunication companies will be mostly cosmetic to customers, who should notice no change in service. E-mail addresses, phone numbers and customer services numbers will all remain the same.
Revolving loan
The United States Department of Agriculture will present Energize-ECI with a $50,000 check as initial funding for a rural revolving loan program in the region.
The loans will be administered by the regional Small Business Development Center with Star Financial Bank acting as financial adviser. The objective of the program is to provide financing for long-term economic development, fill a credit gap for start-ups, expansions and retentions, spur economic growth by making loans affordable, and customize loans to need of each individual business.
Businesses interested in loans must be located in Blackford, Delaware, Fayette, Grant, Henry, Jay, Madison Randolph or Rush county to be eliglble and must be a client of the SBDC, have a completed business plan and must have recently been turned down by a bank.
For more information, call (866) 576-7232, (765) 282-9950 or e-mail [email protected].
Application
completed
G6 Communications, an Ossian-based information technology firm, recently completed design of a broadband network in Florida and was singled out by the state's governor as a priority.
The $40 million network would provide broadband service to eight counties in rural northwest Florida.
The company was founded in 2007 by Ossian native Blake King, and is also a member of the Jay County Chamber of Commerce.
Reassures investors
Wal-Mart Stores Inc.'s CEO and President Mike Duke promised investors Thursday that the retailer's aggressive price-cutting will not hurt its stock price, The Associated Press reported.
"We absolutely will have price leadership while at the same time greater shareholder value," said Mike Duke, who took the helm in February. "This is not about trading one for another. The two go hand and hand."
He continued, "We will win in the area of retailing around the world."
Duke was addressing investors on the second of two days of analyst meetings in Roger, Ark., near the company's headquarters in Bentonville, Ark. The meetings were broadcast online.
Company officials expect sales in the current fiscal year, which ends Jan. 31, to be 1 percent to 2 percent higher than last fiscal year. That's down from their original estimate of 5 percent to 7 percent.
The following year, they expect sales to accelerate 4 percent to 6 percent as the company benefits from opening new stores and from easing deflation.[[In-content Ad]]
American Legion Post No. 211 took the "Best of Taste" honor for their baby back ribs, which also won in the best entrée category.
Other winners include: appetizers, Bandidos for mini grandees; salads, Bearcreek Farms for broccoli salad; soups, Richards Family Restaurant for potato soup; sandwiches, Marsh Hometown Market for BBQ on potato roll; side dish, Pay-less Pizza/Carla's Catering for cole slaw; desserts, Koffee Kup Diner for pies; and beverages, Coca-Cola for soft drinks.
Sale finalized
Metaldyne Corp., Bluffton, announced it completed a sale of all its assets including the plant to MD Investors Corp.
The driveline manufacturer was bought after the sale cleared a court supervised auction, in which MD Investors paid $40 million in cash for the asset purchase and will assume debt and liability of more than $425 million.
The company will operate under the new name Metaldyne LLC.
Launched
CenturyTel and Embarq officially launched the CenturyLink brand this week throughout the state's 33-state service area.
The merger between the two telecommunication companies will be mostly cosmetic to customers, who should notice no change in service. E-mail addresses, phone numbers and customer services numbers will all remain the same.
Revolving loan
The United States Department of Agriculture will present Energize-ECI with a $50,000 check as initial funding for a rural revolving loan program in the region.
The loans will be administered by the regional Small Business Development Center with Star Financial Bank acting as financial adviser. The objective of the program is to provide financing for long-term economic development, fill a credit gap for start-ups, expansions and retentions, spur economic growth by making loans affordable, and customize loans to need of each individual business.
Businesses interested in loans must be located in Blackford, Delaware, Fayette, Grant, Henry, Jay, Madison Randolph or Rush county to be eliglble and must be a client of the SBDC, have a completed business plan and must have recently been turned down by a bank.
For more information, call (866) 576-7232, (765) 282-9950 or e-mail [email protected].
Application
completed
G6 Communications, an Ossian-based information technology firm, recently completed design of a broadband network in Florida and was singled out by the state's governor as a priority.
The $40 million network would provide broadband service to eight counties in rural northwest Florida.
The company was founded in 2007 by Ossian native Blake King, and is also a member of the Jay County Chamber of Commerce.
Reassures investors
Wal-Mart Stores Inc.'s CEO and President Mike Duke promised investors Thursday that the retailer's aggressive price-cutting will not hurt its stock price, The Associated Press reported.
"We absolutely will have price leadership while at the same time greater shareholder value," said Mike Duke, who took the helm in February. "This is not about trading one for another. The two go hand and hand."
He continued, "We will win in the area of retailing around the world."
Duke was addressing investors on the second of two days of analyst meetings in Roger, Ark., near the company's headquarters in Bentonville, Ark. The meetings were broadcast online.
Company officials expect sales in the current fiscal year, which ends Jan. 31, to be 1 percent to 2 percent higher than last fiscal year. That's down from their original estimate of 5 percent to 7 percent.
The following year, they expect sales to accelerate 4 percent to 6 percent as the company benefits from opening new stores and from easing deflation.[[In-content Ad]]
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