July 23, 2014 at 2:10 p.m.
POET makes cellulosic strides
Business Roundup
POET LLC. has streamlined its production method of cellulosic ethanol, dropping the price per gallon by nearly $2.
During the past year, POET has been able to reduce the per gallon cost from $4.13 to $2.35. The company plans to produce 25 million gallons of cellulosic ethanol, which is created from the waste plant products left behind by farmers while harvesting.
New therapist
Adams Physical Therapy Services announced the hiring of a new physical therapist assistant.
April N. Lynch, a Randolph County native, joined the staff as an assistant to Roy Adams, physical therapist. She graduated from Ball State with a degree in biology and received an associates degree in physical therapy assisting from Ivy Tech College.
She lives with her husband in Union City.
New officers
Tyson Foods announced a new CEO and chief financial officer for the company Thursday.
Donnie Smith, current senior group vice president of Tyson's poultry and prepared foods division, will take over as president and CEO effective immediately. Jim Lochner, current senior group vice president of Tyson's fresh meats, was named the chief financial officer.
Smith, 50, joined Tyson in 1980 after graduating from the University of Tennessee with a degree in animal science.
Lochner, 57, joined IBP Inc. in 1983, which was later purchased by Tyson, and holds bachelor's and master's degrees in meat and animal sciences from University of Wisconsin, Madison.
Tyson's interim CEO, Leland Tollett, who was pulled out of retirement to fill the position, will remain to help during the transition process before stepping out of the position.
Development trip
Jay County Development Corporation director Bill Bradley and other economic development officials recently made a sale trip to Dallas to promote east-central Indiana.
The group, including Bradley, met with site selectors and made contacts with personnel on the trip, which took place Nov. 11 and 12. Other attendees included Energize-ECI director E. Roy Budd and development officials from Delaware, Grant and Madison counties.
Verizon cuts
Verizon Communications's largest workers' union announced the company is laying off 1,000 employees in the Washington D.C., Maryland and Virginia areas.
The cuts are part of a plan to reduce 8,000 jobs this year.
Second National
promotions
Second National Bank announced two promotions including vice president and administrative officer.
D. Todd Durham was named vice president and has been with Second National since November 2000. He has a bachelor's degree from DePauw and a doctorate of law from Capital University.
Michael Henry was promoted to administrative officer. He has been an employee of Second National since July 2006 and holds a bachelor's degree from Bowling Green State University.
Second National Bank is a division of Park National Bank and has nine offices in Ohio, including a branch in Fort Recovery.
Profits up
Wal-Mart announced it expects no change in sales during the quarter, while announcing a third quarter profit gain.
Wal-Mart forecasts no change in sales for the fourth quarter, compared to a 2.4 percent increase experienced last year in the same quarter. The forecast reflects uncertainty and frugality in consumer behaviors during this year's holiday season.
Wal-Mart also announced a profit in the third quarter, earning $3.25 billion, up from $3.14 billion the same quarter a year prior.
Top 100
Ball Memorial Hospital, Muncie, was named one of the top 100 hospitals in the nation for cardiovascular care by Thomson Reuters.
Ball was selected along with four other Indiana hospitals to the list, which honored hospitals with low mortality rates for heart problems, shorter hospital stays and lower post-operative complications.
Cardinal continuing
Cardinal Ethanol announced that its financial stability is certain and that it plans to continue operations in the area.
Addressing questions about the company's financial outlook, Cardinal released a statement noting that it has no plans to cease operations and that it has shown positive operational margins.
The company operates an ethanol plant in Union City.
Topping off
Brevini Wind, Muncie, will hold a "topping off" ceremony since it missing out on a groundbreaking due to the rapid construction of the building.
On Dec. 1, Brevini officials will celebrate the building being "topped" as construction workers will have completed all the outside enclosure work on the facility, which will manufacture gearboxes for commercial wind turbines.
Brevini is expected to bring 450 jobs to the Muncie area with the plant.
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During the past year, POET has been able to reduce the per gallon cost from $4.13 to $2.35. The company plans to produce 25 million gallons of cellulosic ethanol, which is created from the waste plant products left behind by farmers while harvesting.
New therapist
Adams Physical Therapy Services announced the hiring of a new physical therapist assistant.
April N. Lynch, a Randolph County native, joined the staff as an assistant to Roy Adams, physical therapist. She graduated from Ball State with a degree in biology and received an associates degree in physical therapy assisting from Ivy Tech College.
She lives with her husband in Union City.
New officers
Tyson Foods announced a new CEO and chief financial officer for the company Thursday.
Donnie Smith, current senior group vice president of Tyson's poultry and prepared foods division, will take over as president and CEO effective immediately. Jim Lochner, current senior group vice president of Tyson's fresh meats, was named the chief financial officer.
Smith, 50, joined Tyson in 1980 after graduating from the University of Tennessee with a degree in animal science.
Lochner, 57, joined IBP Inc. in 1983, which was later purchased by Tyson, and holds bachelor's and master's degrees in meat and animal sciences from University of Wisconsin, Madison.
Tyson's interim CEO, Leland Tollett, who was pulled out of retirement to fill the position, will remain to help during the transition process before stepping out of the position.
Development trip
Jay County Development Corporation director Bill Bradley and other economic development officials recently made a sale trip to Dallas to promote east-central Indiana.
The group, including Bradley, met with site selectors and made contacts with personnel on the trip, which took place Nov. 11 and 12. Other attendees included Energize-ECI director E. Roy Budd and development officials from Delaware, Grant and Madison counties.
Verizon cuts
Verizon Communications's largest workers' union announced the company is laying off 1,000 employees in the Washington D.C., Maryland and Virginia areas.
The cuts are part of a plan to reduce 8,000 jobs this year.
Second National
promotions
Second National Bank announced two promotions including vice president and administrative officer.
D. Todd Durham was named vice president and has been with Second National since November 2000. He has a bachelor's degree from DePauw and a doctorate of law from Capital University.
Michael Henry was promoted to administrative officer. He has been an employee of Second National since July 2006 and holds a bachelor's degree from Bowling Green State University.
Second National Bank is a division of Park National Bank and has nine offices in Ohio, including a branch in Fort Recovery.
Profits up
Wal-Mart announced it expects no change in sales during the quarter, while announcing a third quarter profit gain.
Wal-Mart forecasts no change in sales for the fourth quarter, compared to a 2.4 percent increase experienced last year in the same quarter. The forecast reflects uncertainty and frugality in consumer behaviors during this year's holiday season.
Wal-Mart also announced a profit in the third quarter, earning $3.25 billion, up from $3.14 billion the same quarter a year prior.
Top 100
Ball Memorial Hospital, Muncie, was named one of the top 100 hospitals in the nation for cardiovascular care by Thomson Reuters.
Ball was selected along with four other Indiana hospitals to the list, which honored hospitals with low mortality rates for heart problems, shorter hospital stays and lower post-operative complications.
Cardinal continuing
Cardinal Ethanol announced that its financial stability is certain and that it plans to continue operations in the area.
Addressing questions about the company's financial outlook, Cardinal released a statement noting that it has no plans to cease operations and that it has shown positive operational margins.
The company operates an ethanol plant in Union City.
Topping off
Brevini Wind, Muncie, will hold a "topping off" ceremony since it missing out on a groundbreaking due to the rapid construction of the building.
On Dec. 1, Brevini officials will celebrate the building being "topped" as construction workers will have completed all the outside enclosure work on the facility, which will manufacture gearboxes for commercial wind turbines.
Brevini is expected to bring 450 jobs to the Muncie area with the plant.
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