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Business

May 25, 2014

Business news in brief, May 25

Pulaski foundationhires director

WINAMAC — The board of the Pulaski Health Foundation recently voted unanimously to hire Sharon Newman McKinley as the foundation’s executive director.

The executive director will have responsibilities in coordinating and directing all facilities owned by the Foundation.

McKinley has been a lifelong resident of Pulaski County, and has worked at Pulaski Health Care Center since its opening. She served as dietary manager for 17 years, and facility administrator for nine years.

The nonprofit Pulaski Health Foundation owns and operates Parkview Haven in Francesville and Pulaski Health Care Center and Riverwood Commons in Winamac. The Foundation has been involved in working to improve the quality of life for residents of Pulaski County through better health for more than 50 years.

Workman recognized for investing work

David Workman of LPL Financial, 1529 E. Market St., was recently inducted into Lincoln’s Circle of Excellence, a program exclusive to the most valuable advisors based on production.

On behalf of the Circle of Excellence Program, Lincoln Financial Distributors has made a donation of $25,000 to the American Red Cross Disaster Relief Fund. The American Red Cross provides shelter, food, and physical and emotional services to address basic human needs so that indivduals and families can resume their normal activities.

Lincoln Financial Distributor is not affiliated with LPL Financial and is a separate entity.

Salin Bank namesnew vice president

INDIANAPOLIS — Indiana-based Salin Bank and Trust Company recently announced that William Kennedy has joined Salin Bank as Vice President, Portfolio Manager.

Kennedy has more than 35 years of corporate banking experience, most recently as Vice President and one of two senior credit officers for CIBM Bank, which operates as Marine Bank in both the Indianapolis and Milwaukee markets and as Central Illinois Bank in and around Champaign and adjacent areas of the state of Illinois.

Salin Bank and Trust Company is one of Indiana’s largest family-owned community banks, with more than $750 million in assets. Salin Bank & Trust Company operates 21 banking center locations in 10 Indiana counties serving Delphi, Flora, Galveston and Logansport, among other localities.

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Business
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  • Russia's Severstal selling US plants for $2.3B NEW YORK (AP) — Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened san

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  • BIZ BUZZ: Manor Motel to reopen under new owners A new owner is sprucing up the Manor Motel on Logansport’s east side.Closed since January 2013 after its was repossessed by Bank of Indiana, the motel sold June 3 to Harshadrhai Patel, an Ohio man, according to the motel’s new manager, Chaku Patel.Th

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  • Business news in brief, July 20 Barrett namedto legal associationMatthew D. Barrett, a Logansport attorney, recently became a lifetime member of the Elite Lawyers of America and received an award to commemorate his jury trial achievements.Elite Lawyers of America is a national orga

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  • Teen starts first job - and savings plan DEAR BRUCE: My 18-year-old son recently started his first job. He keeps asking me where he should put his money to start saving for his future. He said he can afford to put $50 a week in a savings account. How much do you think he should accumulate i

    July 20, 2014

  • Wall Street [Duplicate] [Duplicate] US stocks trading higher on company earnings Stocks headed for a higher close late Friday afternoon, rebounding on a wave of strong corporate earnings from Google, Honeywell and other big companies. Bank holding company Huntington Bancshares and furniture maker Knoll were among the big gainers.

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  • Indiana city facing Wabash River levee repairs VINCENNES (AP) — A southwestern Indiana city faces more than $2 million in work to repair its Wabash River flood levees, although that is much less than officials previously projected. Vincennes officials say the repairs are needed before the levees

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