“9-state business index shows some progress - Daily Oklahoman” plus 4 more |
- 9-state business index shows some progress - Daily Oklahoman
- CBiz purchases Goldstein Lewin&Co. business - KTVZ.com
- Rockwell Collins completes acquisition of AR Group to expand business ... - San Francisco Examiner
- Business briefs - Democrat and Chronicle
- Kraft sells North American pizza business to Nestle - Milwaukee Journal Sentinel
| 9-state business index shows some progress - Daily Oklahoman Posted: 04 Jan 2010 09:57 PM PST ©2009 Produced by NewsOK.com. All rights reserved. Share with a friend
Enter multiple comma-separated email recipients.A Creighton University business conditions index for a nine-state area including Oklahoma inched upward in December, although it ended 2009 on the frailest of notes, its founder said. The Mid-America survey of supply managers made it to 50.3, up from November's 47.5, said Creighton University economist Ernie Goss, who oversees the monthly report. An index of 50.0 is considered growth neutral, and a figure greater than 50 indicates an expanding economy over the next three to six months. For Oklahoma, the economic report remained down, still reflecting large job losses. For the fourth month in a row, the state's overall index remained below growth neutral, dropping to 43.0 from 49.4 in November, Goss said. Components were new orders at 39.5, production, or sales, at 48.9, delivery lead time at 52.7, inventories at 41.1 and employment at 33.0. Over the past decade, Oklahoma lost almost 46,000 jobs — 25.8 percent of its manufacturing employment, with most of the losses coming as a result of productivity growth of almost 40 percent over the decade. "While I expect the state to grow overall jobs by 0.2 percent in the first half of 2010, manufacturing job growth will be nil as producers grow output via productivity gains," Goss said. The survey also includes Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. Oklahoma City University and Federal Reserve economist Steve Agee said month-to-month variations in the report don't often mean as much as surveys summarizing quarterly figures. "A three-month average tells me more," he said. But Agee agrees with national economists who say despite a surprisingly strong manufacturing activity report also released Monday from the Institute for Supply Management, economic recovery still depends on an increasing demand from consumers and businesses, not just building up inventories. "That's still about 72 percent of the gross domestic product," he said.Share with a friend
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| CBiz purchases Goldstein Lewin&Co. business - KTVZ.com Posted: 04 Jan 2010 11:13 AM PST CLEVELAND (AP) - Accounting services provider CBiz Inc. said Monday that it purchased certain businesses of accounting and financial services firm Goldstein Lewin&Co. in order to bolster its South Florida presence. Terms of the deal were not disclosed, but CBiz anticipates an approximately $1.4 million restructuring charge related to the transaction. Goldstein Lewin, based in Boca Raton, Fla., provides services such as tax planning and compliance, wealth preservation and estate planning and auditing. CBiz said Mayer Hoffman McCann P.C. purchased Goldstein Lewin remaining attest business, or its business that offers conclusions regarding the reliability of financial statements. CBiz plans to merge its Boca Raton office with that of Goldstein Lewin and expects the acquisition to add to its 2010 earnings. CBiz has more than 140 offices in 36 states. Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Rockwell Collins completes acquisition of AR Group to expand business ... - San Francisco Examiner Posted: 04 Jan 2010 02:05 PM PST CEDAR RAPIDS, IOWA — Rockwell Collins Inc. said Monday it has completed its acquisition of AR Group Inc. and its affiliates, including flight service provider Air Routing International. Air Routing International, based in Houston, provides corporate flight planners with services such as route planning, weather reports, refueling and online services. Rockwell Collins, based in Cedar Rapids, makes electronic systems for planes. It plans to use the acquisition to expand its business to include flight planning and trip support. The acquisition is expected to be neutral to Rockwell Collins' 2010 earnings. The terms of the deal were not disclosed. Rockwell's shares rose 99 cents to close at $56.35. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Business briefs - Democrat and Chronicle Posted: 05 Jan 2010 02:01 AM PST Wine company executive dies One of Victor-based Constellation Brands Inc.'s top executives has died. Jos Fernandez, 54, CEO of Constellation's North American wine business and a 31-year veteran of the wine industry, succumbed to cancer on Friday. A native of Brooklyn, Fernandez had homes in Canandaigua and California. He joined Constellation Brands in 2001 and played a major role in the acquisition of Robert Mondavi Corp., Vincor USA and Beam Wine Estates. He was named CEO of Constellation Wines North America in 2007. Jay Wright was named president of Constellation Wines North America on Dec. 1. "We are deeply saddened by Jos's death,'' Constellation CEO Rob Sands said in a statement. "Jos was an enthusiastic leader and an innovator whose vision played a significant role in the growth and direction of the company.'' Retail center gets financing The Rose Hill Group of Western New York said it arranged financing on a $2.5 million project in Webster. The property, Webster Crossing, is newly built and anchored by Fairport Savings Bank and Five Guys Burgers and Fries at 1075 Ridge Road in Webster, according to Daniel F. Monte, president of Rose Hill Group. The project is a 12,147-square-foot single-story retail center. Monte said the borrowing entity was Webster Ridge LLC. Rose Hill Group is also a member of Strategic Alliance Mortgage LLC, established in 1998, which now includes 20 independent commercial banking firms consisting of 36 offices throughout the United States. — Staff reports Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Kraft sells North American pizza business to Nestle - Milwaukee Journal Sentinel Posted: 05 Jan 2010 08:20 AM PST
Kraft Foods Inc. said Tuesday it has agreed to sell its North American pizza business, which includes manufacturing plants in Medford and Little Chute, to Nestle for $3.7 billion. Some 3,400 employees will transfer to Nestle in the sale, which is expected to close sometime this year. It was not immediately known how many of those work in Wisconsin. The sale includes the DiGiorno, Tombstone and Jack's brands in the U.S., the Delissio brand in Canada and the California Pizza Kitchen trademark license. Kraft's pizza business generated $1.6 billion in sales in 2009. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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