July 23, 2014 at 2:10 p.m.
Waste management profits up 7.8 percent (02/25/06)
Houston-based Waste Management Inc. reported a fourth-quarter profit rise of 7.8 percent to a net income of $290 million.
Revenue for the waste-hauling and processing company was helped by higher hauling prices and extra income from Hurricane Katrina. Hurricane-related services added about $50 million.
Waste Management owns and operates the Jay County Landfill.
New editorial director
Dynamic Resource Group of Berne has named Gary Richardson, formerly of School Specialty Publishing in Grand Rapids, Mich., as its new editorial director.
Richardson holds a master’s degree in communications from Wheaton College and has completed post graduate studies at Calvin College and The Gurian Institute. His professional experience includes directing start-up projects and acquisitions and hiring, training and managing staff.
Networking luncheon
The Portland Area Chamber of Commerce will hold a networking luncheon at Jay County Hospital Tuesday at noon in conference room A-B.
Joe Johnston, Jay County Hospital CEO, will present the hospital’s annual report.
RSVP by February 23 at (260) 726-4481. Lunch is $8.
Rottenberg venture
Dan Rottenberg, former managing editor of The Commercial Review, has launched the Broad Street Review, a website dedicated to covering the Philadelphia art scene.
The Broad Street Review will post commentaries by critics discussing theater, classical music, new music, art, dance and opera. Rottenberg will also maintain an Editor’s Digest that will link readers to other arts commentators, and contribute to an Editor’s Notebook column.
The site can be viewed at www.broadstreetreview.com.
Rottenberg was managing editor of The CR in the mid to late 1960s.
Assessment available
The East Central Indiana Workforce Investment Board will offer three opportunities for Jay County residents to display and document their workplace skills.
Assessments measuring skills such as reading for information, locating information and applied mathematics, will be held at Portland WorkOne Express, 112 N. Ship St.
The first assessment is scheduled for Tuesday.
The purpose of the assessments is to allow job seekers and incumbent workers to display their individual skills to current and future employers and position the worker favorably for positions as they become available.
Though these assessments normally cost, $21.30 each, the Department of Workforce Development is underwriting the cost, allowing local workers and citizens to take advantage of the program at no cost.
For more information or to reserve a place at the Feb. 28 assessment, contact Portland WorkOne Express at (260) 726-8316 ext. 221.
Deadline for expo
The deadline to participate in the Jay County Business Expo & Home Show, held by the Portland Area Chamber of Commerce, is March 3.
The expo, which will be held at Jay County High School on March 18 and 19, is designed to give businesses a chance to market their services or industry.
A contest will give attendees the opportunity to judge their favorite booth based on appearance, creativity, originality and hospitality.
The winner will receive $150 toward a chamber membership.
Registration forms can be picked up at the Portland Area Chamber of Commerce, 118 Meridian St.
Marsh results
Marsh Supermarkets Inc. reported Tuesday results for the third fiscal quarter ending Jan. 7, including a net loss of $9.6 million.
The same period last year resulted in a net gain of $2.7 million.
Part of this loss is due to a previously-announced non-cash impairment charge of $12.8 million (8.4 million after tax).
Also, total revenue for the quarter increased 1 percent from the prior year quarter to $407.5 million.
The company announced Feb. 8 that it would close nine stores, including six Village Pantry stores, the Trios Di Tuscanos restaurant in Noblesville, the Marsh Supermarket in Fort Wayne and the Savin*$ store in Muncie.
Store closings are expected to record an additional charge of $6 to $10 million next quarter, due largely to future lease payments, but may save the company more than $15 million annually.
Profits, costs up
Wal-Mart Stores Inc. reported a 13.4 percent profit increase for the fourth quarter, but projected a lower profit margin for first-quarter earnings.
The world’s largest retailer has had difficulty maintaining high profit growth in recent years because of its already huge U.S. presence. According to Retail Metrics LLC, a retail research firm in Massachusetts, much of the company’s growth will have to come from international sales, where start-up costs tend to be higher.
Another cause of sluggish profit growth may be increased marketing costs in an attempt to bring in more upscale shoppers.
Expands health care
Wal-Mart unveiled plans Thursday to provide improved health benefits to its 1.3 million workers and open 50 more in-store health clinics.
The nation’s No. 1 private employer vowed to make at least half of all employees eligible for its lowest-cost health plan, known as the “Value Plan.”
Wal-Mart also promised to reduce the waiting period for part-time workers to be eligible for health care and open additional in-store clinics, which will be open to both employees and non-employees.
The clinics are run by an outside company and staffed with a nurse practitioner.[[In-content Ad]]
Revenue for the waste-hauling and processing company was helped by higher hauling prices and extra income from Hurricane Katrina. Hurricane-related services added about $50 million.
Waste Management owns and operates the Jay County Landfill.
New editorial director
Dynamic Resource Group of Berne has named Gary Richardson, formerly of School Specialty Publishing in Grand Rapids, Mich., as its new editorial director.
Richardson holds a master’s degree in communications from Wheaton College and has completed post graduate studies at Calvin College and The Gurian Institute. His professional experience includes directing start-up projects and acquisitions and hiring, training and managing staff.
Networking luncheon
The Portland Area Chamber of Commerce will hold a networking luncheon at Jay County Hospital Tuesday at noon in conference room A-B.
Joe Johnston, Jay County Hospital CEO, will present the hospital’s annual report.
RSVP by February 23 at (260) 726-4481. Lunch is $8.
Rottenberg venture
Dan Rottenberg, former managing editor of The Commercial Review, has launched the Broad Street Review, a website dedicated to covering the Philadelphia art scene.
The Broad Street Review will post commentaries by critics discussing theater, classical music, new music, art, dance and opera. Rottenberg will also maintain an Editor’s Digest that will link readers to other arts commentators, and contribute to an Editor’s Notebook column.
The site can be viewed at www.broadstreetreview.com.
Rottenberg was managing editor of The CR in the mid to late 1960s.
Assessment available
The East Central Indiana Workforce Investment Board will offer three opportunities for Jay County residents to display and document their workplace skills.
Assessments measuring skills such as reading for information, locating information and applied mathematics, will be held at Portland WorkOne Express, 112 N. Ship St.
The first assessment is scheduled for Tuesday.
The purpose of the assessments is to allow job seekers and incumbent workers to display their individual skills to current and future employers and position the worker favorably for positions as they become available.
Though these assessments normally cost, $21.30 each, the Department of Workforce Development is underwriting the cost, allowing local workers and citizens to take advantage of the program at no cost.
For more information or to reserve a place at the Feb. 28 assessment, contact Portland WorkOne Express at (260) 726-8316 ext. 221.
Deadline for expo
The deadline to participate in the Jay County Business Expo & Home Show, held by the Portland Area Chamber of Commerce, is March 3.
The expo, which will be held at Jay County High School on March 18 and 19, is designed to give businesses a chance to market their services or industry.
A contest will give attendees the opportunity to judge their favorite booth based on appearance, creativity, originality and hospitality.
The winner will receive $150 toward a chamber membership.
Registration forms can be picked up at the Portland Area Chamber of Commerce, 118 Meridian St.
Marsh results
Marsh Supermarkets Inc. reported Tuesday results for the third fiscal quarter ending Jan. 7, including a net loss of $9.6 million.
The same period last year resulted in a net gain of $2.7 million.
Part of this loss is due to a previously-announced non-cash impairment charge of $12.8 million (8.4 million after tax).
Also, total revenue for the quarter increased 1 percent from the prior year quarter to $407.5 million.
The company announced Feb. 8 that it would close nine stores, including six Village Pantry stores, the Trios Di Tuscanos restaurant in Noblesville, the Marsh Supermarket in Fort Wayne and the Savin*$ store in Muncie.
Store closings are expected to record an additional charge of $6 to $10 million next quarter, due largely to future lease payments, but may save the company more than $15 million annually.
Profits, costs up
Wal-Mart Stores Inc. reported a 13.4 percent profit increase for the fourth quarter, but projected a lower profit margin for first-quarter earnings.
The world’s largest retailer has had difficulty maintaining high profit growth in recent years because of its already huge U.S. presence. According to Retail Metrics LLC, a retail research firm in Massachusetts, much of the company’s growth will have to come from international sales, where start-up costs tend to be higher.
Another cause of sluggish profit growth may be increased marketing costs in an attempt to bring in more upscale shoppers.
Expands health care
Wal-Mart unveiled plans Thursday to provide improved health benefits to its 1.3 million workers and open 50 more in-store health clinics.
The nation’s No. 1 private employer vowed to make at least half of all employees eligible for its lowest-cost health plan, known as the “Value Plan.”
Wal-Mart also promised to reduce the waiting period for part-time workers to be eligible for health care and open additional in-store clinics, which will be open to both employees and non-employees.
The clinics are run by an outside company and staffed with a nurse practitioner.[[In-content Ad]]
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