June 8, 2014

Business news in brief, June 8

First Farmers named among Top 200

CONVERSE — First Farmers Bank and Trust, a Converse-based bank with branches in Logansport and Galveston, was recently named among the “Top 200 Community Banks” in the country by American Banker magazine.

A total of 851 institutions nationwide qualified for the ranking by posting a three-year average return on equity of 8.66 percent or higher. First Farmers reached No. 13.

Densborn namedYoun Impact Scholar

Elissa Densborn, Director of Enterprise Risk Management for MPI Corp., parent company of several Logansport facilities, has been named as a Youn Impact Scholar by the Kellogg School of Management at Northwestern University.

Densborn, a 2014 Masters of Business Administration candidate, is one of only five students so honored.

Densborn was recognized primarily for her work as an adviser to Byoearth, a Guatemalan, woman-owned enterprise that develops vermicomposting systems useful to sustain the most vulnerable elements of the Guatemalan population and the environment it inhabits.

Densborn is expected to earn her master’s degree with honors in June. In 2011, she joined MPI Corp. after a stint in the Chicago office of the international accounting firm, PwC.

MPI Corp. is a multi-national investment holding company headquartered in Indianapolis. Its operating companies, Small Parts Inc., ABC Metals Inc. and HTI are based in Logansport, with plants also located in Texas and Mexico.

Monticello chamber schedules golf outing

MONTICELLO — The Greater Monticello Chamber of Commerce and Visitors Bureau will celebrate the 20th anniversary of the Christmas in July golf outing on July 11 at Pine View Golf Course with tee-off times at 7:30 a.m. and 1 p.m. Lunch is scheduled at 11:30 a.m.

Part of the proceeds support the White County Scholarship Fund, which awards four scholarships annually, one to each White County school.

Chamber membership is not required to participate in the 18-hole shotgun-start scramble.

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  • Full appeals court upholds labels on meat packages WASHINGTON (AP) — A federal appeals court has upheld new government rules that require labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered. The meat industry has attempted to block the rul

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  • Indiana Packers acquires Michigan facility, label DELPHI — Indiana Packers, which owns a large meat processing plant on Delphi’s south side, this month announced it had bought one of its top customers.Private-label food manufacturer Quincy Street Inc. in Holland, Mich., has done business with Indian

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    July 27, 2014

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  • Consumer Reports: Living well into your 80s and beyond Sixty years ago, an American who made it to 65 could expect to live an additional 14 years. Today, Consumer Reports notes, it’s 19 years. So how do we grow older healthfully so that we can actually enjoy those extra years? No matter whether you’ve ju

    July 27, 2014

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  • CORRECTION Fast Food Workers Convention-3 [Duplicate] [Duplicate] Fast food workers prepare to escalate wage demands CHICAGO (AP) — Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers will discuss the future of the effort th

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  • Earns General Motors [Duplicate] [Duplicate] GM profit 2Q falls 85 pct. on recall costs DETROIT (AP) — Recall costs chopped $1.5 billion from General Motors' bottom line in the second quarter, cutting its net income by 85 percent. The automaker, which is in the midst of the worst recall crisis in its history, posted a net profit of $190

    July 24, 2014 1 Photo

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