Pharos-Tribune

Business

September 24, 2013

Business news in brief, week of Sept. 22, 2013

Beacon raises over $25K for Riley

Beacon Credit Union will be presenting a donation of over $25,000 to the Riley Children’s Hospital Foundation.

Every year, Beacon Credit Union raises money for the Riley Children’s Hospital Foundation through its Credit Unions for Kids Campaign. This year, Beacon Credit Union was selected as a recipient of the Miracle Match program which was created by the CO-OP Financial Services with the intent to assist credit unions whom are raising funds for Children’s Miracle Network Hospitals. The program matched $10,000 in donations from Beacon members.

Beacon Credit Union is a full service, locally owned credit union with more than 46,000 members. The credit union operates 20 service offices throughout north-central and northeast Indiana, including two in Logansport.

Health exchange deadline approaching

In speaking with employer groups and local chambers of commerce, the Indiana Chamber has realized that some employers are not aware of the Oct. 1 deadline to provide information to their employees about the federal health exchange.

Essentially, if a company is required to comply with the Fair Labor Standards Act, then it must provide the information. That means this requirement applies to nearly all employers.

Additionally, regardless of how many employees a company has or whether it provides health care coverage or not, this exchange information must be shared with current employees, including those working part-time.

The general language that is required in the notification to employees includes these three items:

• The exchange or marketplace exists, including a description of the services it provides and direction for employees to visit www.healthcare.gov for more information.

• Employees who purchase coverage through the exchange or marketplace may be eligible for a premium subsidy if their employer does not provide coverage that is "affordable" and provides "minimum value." Coverage is affordable if the employee-only option for the lowest-cost plan offered costs less than 9.5% of an employee's W-2 wages. Coverage provides minimum value if the plan pays 60% of the total costs.

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Business
  • Staples to close by Sept. 20 Logansport's Staples office supply store is closing Sept. 20, a company spokesperson said. It's the latest in a slew of closings the company announced in March it would pursue, stating its goal was to shutter about 225 stores, more than 10 percent of

    August 20, 2014

  • BUS-PT081714 Mylet YellowBox Assemble Outside the box: Carroll farmer plans high-tech expansions CAMDEN — The leader of a local tech start-up doesn’t hail from MIT or Silicon Valley, but a farm in Carroll County.Several of Neil Mylet’s innovations set out to make work safer and easier, a practice that requires not only the recruitment of the nec

    August 17, 2014 2 Photos

  • BIZ-PT081714 Friend Charles.jpg BIZ BUZZ: New owner of Whitehouse building plans for BBQ The new owner of the Whitehouse restaurant building in Logansport says he’s hoping to eventually open a barbecue diner there.John Shively, who last fall launched a small catering business, said he needs to start with restorations to the building itse

    August 17, 2014 2 Photos

  • Business news in brief, Aug. 17 Kalapatapu photo accepted to competeLocal professional photographer Dr. Umamaheswara Rao Kalapatapu’s entry “Makes you very distinguished” has been accepted for the Professional Photographers of America’s General Collection at the International compe

    August 17, 2014

  • VISITORS VIBE: The business of tourism When speaking about the importance of tourism, Maura Gast with the Irving Texas Convention and Visitors Bureau once said:“If you build a place that people want to visit, you build a place that people want to live.If you build a place where people wan

    August 17, 2014

  • BIZ-PT081714 consumer reports.jpg Consumer Reports: When cheaping out really pays A higher price doesn’t necessarily guarantee higher quality, according to ShopSmart, the shopping magazine from the publisher of Consumer Reports. Sometimes a lower-priced model is actually better. ShopSmart offers six examples of when it pays to pay

    August 17, 2014 1 Photo

  • EPA Weed Killer [Duplicate] [Duplicate] Decision could boost use of popular weed killer WASHINGTON (AP) — Faced with tougher and more resistant weeds, corn and soybean farmers are anxiously awaiting government decisions on a new version of a popular herbicide — and on genetically modified seeds to grow crops designed to resist it. Criti

    August 13, 2014 1 Photo

  • WISH-TV in Indy losing CBS affiliation

    CBS Corp. says Indianapolis television station WISH-TV is losing its affiliation with the network after nearly six decades.

    August 11, 2014

  • BIZ-PT081014 Memorial Doctor.jpg Breathe deeply: LMH brings in lung care specialist A new specialist in Logansport says the area’s addiction to smoking is half of what his practice is expected to address.Dr. Francois Fadel, a pulmonary and critical care specialist who opened a pulmonary clinic and referral-based practice in Loganspo

    August 10, 2014 1 Photo

  • BIZ BUZZ: Purdue develops app to guide seafood choices WEST LAFAYETTE — An iPhone app from Purdue University can help women who are pregnant or nursing safely eat seafood, a good source of nutrients for babies but also the subject of concern about ingesting mercury and other contaminants.The updated, fre

    August 10, 2014

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