May 27, 2016 at 7:50 p.m.
New reporter joins staff of CR
Business Roundup
Nathan Rubbelke has joined The Commercial Review staff as its county government reporter.
Rubbelke, 22, graduated earlier this month from Saint Louis University, where he earned a bachelor’s degree in political science and sociology.
He has previously held internships at the Washington Examiner in Washington, D.C., and St. Louis Public Radio in his hometown of St. Louis, Mo.
In his free time, Rubbelke enjoys reading, running, and watching the St. Louis Cardinals.
Outlook strong
Motherson Sumi, the Indian auto parts manufacturer that is the parent company of MSSL Wiring Systems in Portland, is expecting more growth in North America and China over the next few years.
“For 2020 we expect more growth coming from North America and China, so the pie which is more skewed towards Europe will get redistributed,” G.N. Gabba, the company’s chief financial officer, told Reuters this week.
Also this week, the company reported a 22 percent rise in net profit to 4.14 billion rupees ($62.1 million) in its fiscal fourth quarter. Net sales rose eight percent to a record 100.7 billion rupees, Reuters reported.
Hot new Honda
Honda of America, a key customer of FCC (Indiana), has unveiled a new — and very expensive — model.
The new Acura NSX uses a gas-electric hybrid powertrain and is considered a competitor to the Audi R8 and the McLaren 570S. Its twin-turbo V6 is assisted by three electric motors, and Honda says the car can accelerate from zero to 60 in three seconds.
The price tag is in the $150,000 to $200,000 range.
Joins CrossRoads
Deb VanSkyock has joined the staff of CrossRoads Financial Federal Credit Union where she’ll be working as a member services representative in the Dunkirk branch beginning in July.
She has 26 years of banking experience in Dunkirk, Portland, and Union City. A member of Tri Kappa sorority, she resides in Jay County.
“Deb’s knowledge of the community and its people will greatly benefit CrosRoads,” said Janet Bantz, president and chief executive officer of the credit union. “Her energy, wealth of experience, and industry knowledge make Deb a key addition.”
Hospice honored
State of the Heart has been named a 2016 Hospice Honors recipient by Deyta Analytics, a division of HealthcareFirst.
The award is based upon 24 quality indicators.
Hospice Honors recognizes the highest level of quality as measured from the caregiver’s point of view.
Dealer honored
North Star Hardware and Implement Co. of North Star, Ohio, has been named to New Holland’s President’s Club for being an outstanding dealership.
President’s Club award winners must meet the highest levels of excellence in terms of service, business management, sales, marketing, parts and facilities. It recognizes, the company said, “the best of the best.”
Blood testing woes
Walgreens is facing some headaches after reports that it failed to adequately verify that a new finger prick blood testing technology worked the way it has been advertised.
Theranos, which has the Edison finger prick testing system, struck a deal with Walgreens in 2013, Fortune reported this week.
But now that the technology is under fire, questions have been raised as to whether Walgreens did enough homework in advance.
Walgreees has halted its expansion plans for using the Theranos’ blood testing services, Fortune reported.
The company operates about 8,000 pharmacies in the U.S., including one in Portland.
Declares dividend
Yum Brands, parent company of Taco Bell and Pizza Hut, has declared a cash dividend of 46 cents per share. The dividend is payable on Aug. 5.
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