July 23, 2014 at 2:10 p.m.
Smith expansion planned (12/10/05)
Buisness news
Smith Brothers of Berne Inc. has announced plans to expand its production of furniture.
Plans call for either building a new mill room or purchasing the former Berne Tube building site to accommodate what a company spokesman termed “significant sales growth.”
To facilitate the company’s needs, Berne City Council on Monday agreed in principal to extend tax abatements to the company at a later date.
Dave Burnson, Smith Brothers representative, told the Berne City Council this week, the company has entered into talks in an attempt to acquire the former Berne Tube building. Should those talks fall through, Burnson said, the company is prepared to build a new 40,000 square foot mill room on property owned by the company near the intersection of Parr Road and Adams County Road 000.
Wal-Mart building sold
The former Wal-Mart building in Winchester has been sold to a Shelbyville, Ky., developer.
Doug Thurman said this week he had purchased the building and land for $625,000.
Thurman told the Winchester News Gazette this week he purchased several other vacated Wal-Mart buildings at about the same time.
“I purchase them each separately,” he was quoted as saying. “I fix them up and look for tenants. Sometimes tenants would rather me be involved than Wal-Mart. Sometimes they would rather deal with Wal-Mart.”
He said he would be interested in hearing from the Randolph County Board of Commissioners to see if they are still interested in using the building as a temporary home for the county courts and offices.
To contact Thurman about the possibility of leasing the building, call (502) 387-5003.
Announces loss
Marsh Supermarkets, Inc. has reported a net loss of $3.4 million compared to net income of $1.3 million for the same period last year.
The company attributed the losses to lower contributions from comparable stores, startup and operating losses of new stores, and higher general and administrative expenses.
Total revenues for the quarter increased to $549.6 million from $524.9 million for the prior year quarter. Sales in comparable supermarkets and convenience stores increased 3.6 percent in the second quarter of 2006 from the same period in 2005, but comparable store merchandise sales, which exclude gasoline sales, declined 0.7 percent.
The company also announced that is had retained Merrill Lynch & Co. to explore strategic alternatives for the enhancement of shareholder value, including a possible sale of the company.
The company also announced that the board of directors had determined to suspend the payment of future cash quarterly dividends on company common stock until the company improves its financial performance and its credit ratios on a sustainable basis.
“We are clearly disappointed with the loss reported for the quarter,” stated Don E. Marsh, chairman and CEO. “The positive developments of recording our sixth consecutive quarter of increases in sales from comparable stores and the new credit facility were outweighed by a number of negative factors.”
New service
Verizon Wireless has introduced a new service that will give wireless customers turn-by-turn directions to Location Based Services (LBS).
VZ NavigatorSM, a tool for Verizon customers, gives them access to a variety of LBS options. VZ Navigator options include mapping, audible turn-by-turn navigation and the ability to find more than 14 million points of interest.
For more information about this or any Verizon Wireless product and services call (800)2-JOIN IN.
Ranks number 1
For the 13th consecutive year, Edward Jones has ranked No. 1 in Registered Representative magazine’s annual survey of the nation’s seven largest financial-services firms.
The magazine randomly selects brokers nationwide and asks them to rank their firms in various categories.
Edward Jones investment representatives gave the firm its highest scores in 14 of the 20 categories in which it was rated. Some of those categories include hiring and recruiting practices, ongoing training, client account statements, quality of research and the firm’s strategic focus. This year the firm tied for the No. 1 spot.
Edward Jones currently serves more than 6 million clients and has more than 9,000 offices in the U.S., including one in Portland, and through its affiliates, in Canada and the United Kingdom.
Membership meeting
The East Central Indiana Human Resources Association (ECIHRA) will hold its December membership meeting on Wednesday, Dec. 14, at the Delaware Country Club, located on South Country Club Road in Muncie.
The ECIHRA and the Ball State University Student HR Chapter are collecting new, unwrapped toys for the 2005 toy drive. Bring a toy to the meeting to help support the Toys for Tots drive.
Gary Chenault, United Way director, will give a brief presentation on the spirit of giving, as well as give an update on local efforts this year.
Santa is also expected to make an appearance.
Reservations are required by noon Monday and may be made by sending an e-mail to [email protected].
To meet
The East Central Indiana Payroll Association’s membership meeting will be held Thursday, Dec. 15, at the Delaware Country Club, with registration beginning at 11:30 a.m. followed by lunch and program at 11:45 a.m.
Reservations should be made by Tuesday, Dec. 13, by calling (765) 741-7674 or e-mail [email protected].
Economy to grow
The national economy will continue to grow next year, but at a slower rate than 2005 with mild increases in inflation and interest rates, according to two Ball State University economists.
During the 10th annual Indiana Economic Outlook luncheon Dec. 6, Ball State’s Patrick Barkey and Gary Santoni admitted their optimism was based on economic momentum created by 2005.
“Since the low point of mid-2003, manufacturing employment statewide has stabilized and even managed to grow a bit,” Barkey said. “Businesses today have plenty of cash, and their brisk spending on capital goods and equipment have kept plenty of Indiana businesses’ order books full.”
Mechanic honored
James Sheron of Huggins Auto Sales Inc., Hartford City, has been distinguished as an exceptional technical service professional by achieving the highest certification level from DaimlerChrysler — the Master Technician. Only five percent of service professionals nationwide achieve this status.
“I am proud of the effort I’ve made toward earning the Master Technician certification,” said Sheron. “I believe that customers expect to have their cars repaired correctly on their first visit, and that takes both diagnostic and repair skills.”
Commerce meeting
The Geneva Area Chamber of Commerce luncheon meeting will be held Tuesday, Dec. 13, at noon in the Geneva Town Hall Community Room.
There is a $5 charge for the meal.
Verle Lloyd and Bob Rhoades will be speaking about “Desk Top Banking.”
Due to requests by members who have to leave by 1 p.m., a meeting agenda has been established. Members who wish to “show and tell” are asked to contact President Keith Muhlenkamp to be on the agenda.
Reservations should be made to the town hall at (260) 368-7251.
Petitions available
The 2006 annual meeting of the Jay County REMC is set for April 8. There are four directors’ seats up for reelection. Those seats are District One, District Three, District Five, and District Seven.
District One is currently represented by William Harold Smith; District Three is represented by Richard Paxson; Michael Ninde represents District Five, and District Seven is represented by Tom Zimmerman.
Anyone interested in seeking a position on the board should pick up a petition at the Jay County REMC and return the petition by Jan. 10.
Any qualified member of the REMC may run for a seat on the board by getting 15 Jay County REMC members to sign the petition of support.
For more information call the REMC at (80)) 835-7263 or (260) 726-7121.
Classes set
Spring semester classes at John Jay Center for Learning in Portland will begin the week of Jan. 9.
Ivy Tech will be offering short term training classes, general education classes, nursing program general education classes, and business classes.
Through its programs, Indiana Wesleyan will offer an associate in business, bachelor of science in management, bachelor of science in business information systems, master of science in management, masters in business administration as well as a masters in business administration online.
The deadline for registration is two weeks prior to the start date for the class. For more information about any of the classes call Nancy Moser at John Jay at (260) 729-5525.
Courses offered
Ball Sate University’s Center for Organizational Resources will be offering a variety of noncredit computer courses including Microsoft Office 2003, computer protection/maintenance, and eBay training.
The courses will be offered from Jan. 19 to May 16 and will range in price from $40 to $95.
Call Krista Flynn at (765) 285-5679 or log on to www.bsu.edu/cor and click on computer skills class schedule.
To publish magazine
ENERGIZE-ECI, the new regional economic development partnership representing Blackford, Delaware, Grant, Henry, Jay and Randolph counties and the city of Anderson will publish a full-color magazine to promote economic development and quality of life advantages of east central Indiana. The publication will be at least 36 pages, with a minimum of 7,500 copies being printed in the first quarter of 2006.
The goal of the magazine is to showcase the assets and advantages of the region in a positive light to encourage new business investment and economic development in east central Indiana.
Copies will be distributed in the area and to prospects throughout the U.S. and the world.
Networking luncheon
The next Portland Area Chamber of Commerce networking luncheon will be held Tuesday, Jan. 31, at noon.
The event will include a state of the city address by Portland Mayor Bruce Hosier and a state of the county address by Jay County Commissioner Milo Miller Jr.
The luncheon will be held at Jay County Hospital, 500 W. Votaw St., Portland, in conference rooms A and B.
Cost is $8. Reservations should be made by Jan. 26 by calling (260) 726-4481.[[In-content Ad]]
Plans call for either building a new mill room or purchasing the former Berne Tube building site to accommodate what a company spokesman termed “significant sales growth.”
To facilitate the company’s needs, Berne City Council on Monday agreed in principal to extend tax abatements to the company at a later date.
Dave Burnson, Smith Brothers representative, told the Berne City Council this week, the company has entered into talks in an attempt to acquire the former Berne Tube building. Should those talks fall through, Burnson said, the company is prepared to build a new 40,000 square foot mill room on property owned by the company near the intersection of Parr Road and Adams County Road 000.
Wal-Mart building sold
The former Wal-Mart building in Winchester has been sold to a Shelbyville, Ky., developer.
Doug Thurman said this week he had purchased the building and land for $625,000.
Thurman told the Winchester News Gazette this week he purchased several other vacated Wal-Mart buildings at about the same time.
“I purchase them each separately,” he was quoted as saying. “I fix them up and look for tenants. Sometimes tenants would rather me be involved than Wal-Mart. Sometimes they would rather deal with Wal-Mart.”
He said he would be interested in hearing from the Randolph County Board of Commissioners to see if they are still interested in using the building as a temporary home for the county courts and offices.
To contact Thurman about the possibility of leasing the building, call (502) 387-5003.
Announces loss
Marsh Supermarkets, Inc. has reported a net loss of $3.4 million compared to net income of $1.3 million for the same period last year.
The company attributed the losses to lower contributions from comparable stores, startup and operating losses of new stores, and higher general and administrative expenses.
Total revenues for the quarter increased to $549.6 million from $524.9 million for the prior year quarter. Sales in comparable supermarkets and convenience stores increased 3.6 percent in the second quarter of 2006 from the same period in 2005, but comparable store merchandise sales, which exclude gasoline sales, declined 0.7 percent.
The company also announced that is had retained Merrill Lynch & Co. to explore strategic alternatives for the enhancement of shareholder value, including a possible sale of the company.
The company also announced that the board of directors had determined to suspend the payment of future cash quarterly dividends on company common stock until the company improves its financial performance and its credit ratios on a sustainable basis.
“We are clearly disappointed with the loss reported for the quarter,” stated Don E. Marsh, chairman and CEO. “The positive developments of recording our sixth consecutive quarter of increases in sales from comparable stores and the new credit facility were outweighed by a number of negative factors.”
New service
Verizon Wireless has introduced a new service that will give wireless customers turn-by-turn directions to Location Based Services (LBS).
VZ NavigatorSM, a tool for Verizon customers, gives them access to a variety of LBS options. VZ Navigator options include mapping, audible turn-by-turn navigation and the ability to find more than 14 million points of interest.
For more information about this or any Verizon Wireless product and services call (800)2-JOIN IN.
Ranks number 1
For the 13th consecutive year, Edward Jones has ranked No. 1 in Registered Representative magazine’s annual survey of the nation’s seven largest financial-services firms.
The magazine randomly selects brokers nationwide and asks them to rank their firms in various categories.
Edward Jones investment representatives gave the firm its highest scores in 14 of the 20 categories in which it was rated. Some of those categories include hiring and recruiting practices, ongoing training, client account statements, quality of research and the firm’s strategic focus. This year the firm tied for the No. 1 spot.
Edward Jones currently serves more than 6 million clients and has more than 9,000 offices in the U.S., including one in Portland, and through its affiliates, in Canada and the United Kingdom.
Membership meeting
The East Central Indiana Human Resources Association (ECIHRA) will hold its December membership meeting on Wednesday, Dec. 14, at the Delaware Country Club, located on South Country Club Road in Muncie.
The ECIHRA and the Ball State University Student HR Chapter are collecting new, unwrapped toys for the 2005 toy drive. Bring a toy to the meeting to help support the Toys for Tots drive.
Gary Chenault, United Way director, will give a brief presentation on the spirit of giving, as well as give an update on local efforts this year.
Santa is also expected to make an appearance.
Reservations are required by noon Monday and may be made by sending an e-mail to [email protected].
To meet
The East Central Indiana Payroll Association’s membership meeting will be held Thursday, Dec. 15, at the Delaware Country Club, with registration beginning at 11:30 a.m. followed by lunch and program at 11:45 a.m.
Reservations should be made by Tuesday, Dec. 13, by calling (765) 741-7674 or e-mail [email protected].
Economy to grow
The national economy will continue to grow next year, but at a slower rate than 2005 with mild increases in inflation and interest rates, according to two Ball State University economists.
During the 10th annual Indiana Economic Outlook luncheon Dec. 6, Ball State’s Patrick Barkey and Gary Santoni admitted their optimism was based on economic momentum created by 2005.
“Since the low point of mid-2003, manufacturing employment statewide has stabilized and even managed to grow a bit,” Barkey said. “Businesses today have plenty of cash, and their brisk spending on capital goods and equipment have kept plenty of Indiana businesses’ order books full.”
Mechanic honored
James Sheron of Huggins Auto Sales Inc., Hartford City, has been distinguished as an exceptional technical service professional by achieving the highest certification level from DaimlerChrysler — the Master Technician. Only five percent of service professionals nationwide achieve this status.
“I am proud of the effort I’ve made toward earning the Master Technician certification,” said Sheron. “I believe that customers expect to have their cars repaired correctly on their first visit, and that takes both diagnostic and repair skills.”
Commerce meeting
The Geneva Area Chamber of Commerce luncheon meeting will be held Tuesday, Dec. 13, at noon in the Geneva Town Hall Community Room.
There is a $5 charge for the meal.
Verle Lloyd and Bob Rhoades will be speaking about “Desk Top Banking.”
Due to requests by members who have to leave by 1 p.m., a meeting agenda has been established. Members who wish to “show and tell” are asked to contact President Keith Muhlenkamp to be on the agenda.
Reservations should be made to the town hall at (260) 368-7251.
Petitions available
The 2006 annual meeting of the Jay County REMC is set for April 8. There are four directors’ seats up for reelection. Those seats are District One, District Three, District Five, and District Seven.
District One is currently represented by William Harold Smith; District Three is represented by Richard Paxson; Michael Ninde represents District Five, and District Seven is represented by Tom Zimmerman.
Anyone interested in seeking a position on the board should pick up a petition at the Jay County REMC and return the petition by Jan. 10.
Any qualified member of the REMC may run for a seat on the board by getting 15 Jay County REMC members to sign the petition of support.
For more information call the REMC at (80)) 835-7263 or (260) 726-7121.
Classes set
Spring semester classes at John Jay Center for Learning in Portland will begin the week of Jan. 9.
Ivy Tech will be offering short term training classes, general education classes, nursing program general education classes, and business classes.
Through its programs, Indiana Wesleyan will offer an associate in business, bachelor of science in management, bachelor of science in business information systems, master of science in management, masters in business administration as well as a masters in business administration online.
The deadline for registration is two weeks prior to the start date for the class. For more information about any of the classes call Nancy Moser at John Jay at (260) 729-5525.
Courses offered
Ball Sate University’s Center for Organizational Resources will be offering a variety of noncredit computer courses including Microsoft Office 2003, computer protection/maintenance, and eBay training.
The courses will be offered from Jan. 19 to May 16 and will range in price from $40 to $95.
Call Krista Flynn at (765) 285-5679 or log on to www.bsu.edu/cor and click on computer skills class schedule.
To publish magazine
ENERGIZE-ECI, the new regional economic development partnership representing Blackford, Delaware, Grant, Henry, Jay and Randolph counties and the city of Anderson will publish a full-color magazine to promote economic development and quality of life advantages of east central Indiana. The publication will be at least 36 pages, with a minimum of 7,500 copies being printed in the first quarter of 2006.
The goal of the magazine is to showcase the assets and advantages of the region in a positive light to encourage new business investment and economic development in east central Indiana.
Copies will be distributed in the area and to prospects throughout the U.S. and the world.
Networking luncheon
The next Portland Area Chamber of Commerce networking luncheon will be held Tuesday, Jan. 31, at noon.
The event will include a state of the city address by Portland Mayor Bruce Hosier and a state of the county address by Jay County Commissioner Milo Miller Jr.
The luncheon will be held at Jay County Hospital, 500 W. Votaw St., Portland, in conference rooms A and B.
Cost is $8. Reservations should be made by Jan. 26 by calling (260) 726-4481.[[In-content Ad]]
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