November 27, 2019 at 4:22 p.m.
Winterfest scheduled for Dec. 6 through 8
Business roundup
Winterfest scheduled for Dec. 6 through 8
After celebrating Thanksgiving on Thursday, it’ll be time to start preparing for Christmas.
Jay County Chamber of Commerce will do its part next weekend as it hosts a weekend of Winterfest activities.
It will open with Christmas at the Courthouse on Dec. 6. Tree lighting is scheduled for 6 p.m., with the Jay County High School choirs performing at 6:15 p.m. Cookies, fudge, coffee and hot chocolate will be provided.
Saturday is packed with Winterfest activities, including the Frozen Wonder Breakfast & Karnival from 8:30 to 11:30 a.m. Dec. 7. Tickets are $4 for adults and $6 for children. They include breakfast, the karnival, a book and a photo with characters from Jay County Civic Theatre’s production of “Frozen Jr.”
The Ritz Theatre will host free showings of “Frozen II” at 9 and 11:30 a.m., and carriage rides, starting from the east side of Jay County Courthouse, will be available from 11 a.m. to 2 p.m. at a charge of $2 or a donation of two canned goods.
The Little Miss Winterfest pageant will run from 2 to 4 p.m. in the auditorium at Jay County High School. The day’s activities will close with the Parade of Lights at 6:30 p.m. in downtown Portland.
Christmas home tours, at a cost of $5, will run from noon to 5 p.m. Dec. 8.
Strong earnings
Walmart Inc. posted better-than-expected earnings in its third quarter, Reuters reported this week.
The giant retailer reported e-commerce growth and comparable sales for its stores.
“It has now posted a more than five-year streak of U.S. growth, unmatched by any other retail chain,” Reuters said.
The news drew praise from President Trump, who tweeted, “Walmart announces great numbers.
“No impact from Tariffs (which are contributing $Billions to our Treasury)...”
Sales at U.S. stores rose 3.2%, excluding fuel, in the quarter that ended Oct.31.
Adjusted earnings per share increased to $1.16 per share. Total revenue rose 2.5% to $128 billion.
Merger OK’d
Shareholders have approved the merger of New Media Investment Group and Gannett, publisher of USA Today, the Indianapolis Star, the Muncie StarPress and dozens of other newspapers. The deal was valued at $1.13 billion.
USA Today reported that the combined company will be called Gannett and will own more than 260 daily publications, as well as hundreds of weeklies.
The new company plans to cut $275 million to $300 million in costs per year within 18 to 24 months in a variety of areas, including facilities, corporate functions and news operations.
Big gift
EDP Renewables North America, the owner-operator of Randolph County wind farms, has announced a donation of $125,000 to the Community Foundation of Randolph County.
The donation will be part of a 2 for 1 match, allowing the foundation to take full advantage of Lilly Endowment’s GIFT VII Matching Grant Program.
EDP Renewables and its subsidiaries have 49 wind farms and five solar parks. The company is based in Houston, Texas.
McDonald’s sued
A former McDonald’s employee has filed a class action suit against the fast food company, accusing the firm of a “culture of sexual harassment,” National Public Radio reported this week.
“The lawsuit against McDonald's and its Michigan franchise is the latest allegation of rampant abuse and harassment of female employees at the fast-food chain.
Lawyers representing workers say more than 50 claims and charges of harassment of female employees are pending against McDonald's in courts and at the Equal Employment Opportunity Commission,” NPR reported.
The lawsuit seeks $5 million in damages for workers at the Mason, Michigan, location.
Cummins cutting
Cummins Inc. has announced that it plans to reduce its global workforce by around 2,000 employees, or 3%, due to declining revenue leading into what company officials believe will be a downturn in business next year, The Republic (Columbus) reported.
On Friday, Cummins officials said the company has done “a number of things to reduce spending” — including offering voluntary retirement packages in the United States and United Kingdom and aligning production with demand at manufacturing facilities — but will still need to make reductions in workforce to weather a downturn in 2020.
The job cuts, which are expected to be completed by the end of March, would affect “exempt,” or salary employees, said Jon Mills, Cummins corporate spokesman.
Jay County Chamber of Commerce will do its part next weekend as it hosts a weekend of Winterfest activities.
It will open with Christmas at the Courthouse on Dec. 6. Tree lighting is scheduled for 6 p.m., with the Jay County High School choirs performing at 6:15 p.m. Cookies, fudge, coffee and hot chocolate will be provided.
Saturday is packed with Winterfest activities, including the Frozen Wonder Breakfast & Karnival from 8:30 to 11:30 a.m. Dec. 7. Tickets are $4 for adults and $6 for children. They include breakfast, the karnival, a book and a photo with characters from Jay County Civic Theatre’s production of “Frozen Jr.”
The Ritz Theatre will host free showings of “Frozen II” at 9 and 11:30 a.m., and carriage rides, starting from the east side of Jay County Courthouse, will be available from 11 a.m. to 2 p.m. at a charge of $2 or a donation of two canned goods.
The Little Miss Winterfest pageant will run from 2 to 4 p.m. in the auditorium at Jay County High School. The day’s activities will close with the Parade of Lights at 6:30 p.m. in downtown Portland.
Christmas home tours, at a cost of $5, will run from noon to 5 p.m. Dec. 8.
Strong earnings
Walmart Inc. posted better-than-expected earnings in its third quarter, Reuters reported this week.
The giant retailer reported e-commerce growth and comparable sales for its stores.
“It has now posted a more than five-year streak of U.S. growth, unmatched by any other retail chain,” Reuters said.
The news drew praise from President Trump, who tweeted, “Walmart announces great numbers.
“No impact from Tariffs (which are contributing $Billions to our Treasury)...”
Sales at U.S. stores rose 3.2%, excluding fuel, in the quarter that ended Oct.31.
Adjusted earnings per share increased to $1.16 per share. Total revenue rose 2.5% to $128 billion.
Merger OK’d
Shareholders have approved the merger of New Media Investment Group and Gannett, publisher of USA Today, the Indianapolis Star, the Muncie StarPress and dozens of other newspapers. The deal was valued at $1.13 billion.
USA Today reported that the combined company will be called Gannett and will own more than 260 daily publications, as well as hundreds of weeklies.
The new company plans to cut $275 million to $300 million in costs per year within 18 to 24 months in a variety of areas, including facilities, corporate functions and news operations.
Big gift
EDP Renewables North America, the owner-operator of Randolph County wind farms, has announced a donation of $125,000 to the Community Foundation of Randolph County.
The donation will be part of a 2 for 1 match, allowing the foundation to take full advantage of Lilly Endowment’s GIFT VII Matching Grant Program.
EDP Renewables and its subsidiaries have 49 wind farms and five solar parks. The company is based in Houston, Texas.
McDonald’s sued
A former McDonald’s employee has filed a class action suit against the fast food company, accusing the firm of a “culture of sexual harassment,” National Public Radio reported this week.
“The lawsuit against McDonald's and its Michigan franchise is the latest allegation of rampant abuse and harassment of female employees at the fast-food chain.
Lawyers representing workers say more than 50 claims and charges of harassment of female employees are pending against McDonald's in courts and at the Equal Employment Opportunity Commission,” NPR reported.
The lawsuit seeks $5 million in damages for workers at the Mason, Michigan, location.
Cummins cutting
Cummins Inc. has announced that it plans to reduce its global workforce by around 2,000 employees, or 3%, due to declining revenue leading into what company officials believe will be a downturn in business next year, The Republic (Columbus) reported.
On Friday, Cummins officials said the company has done “a number of things to reduce spending” — including offering voluntary retirement packages in the United States and United Kingdom and aligning production with demand at manufacturing facilities — but will still need to make reductions in workforce to weather a downturn in 2020.
The job cuts, which are expected to be completed by the end of March, would affect “exempt,” or salary employees, said Jon Mills, Cummins corporate spokesman.
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