You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • World Cup defeat hurts stocks
    Argentina and Germany face off in the World Cup final on Sunday and investors in both countries will do well to be alert to potential drops on their stock markets the day after in case of defeat.
  • Big Tobacco companies in merger talks
    Big Tobacco may soon get smaller. The makers of Camel and Newport cigarettes said Friday they are in talks to combine two of the nation’s oldest tobacco companies. A deal between Reynolds American Inc.
  • Jobs coming to Kosciusko
    Kosciusko County will be getting a boost to its employment base after a business requested a $22 million tax abatement this week for new equipment.
Advertisement
Briefs

Target sees fewer hires for holiday

Target plans to hire about 70,000 seasonal workers for the holiday shopping season, down about 20 percent from a year ago. The discounter is aiming to be more efficient in its hiring practices.

The move to hire 18,000 fewer temporary holiday workers versus last year’s 88,000 comes as the Minneapolis-based chain saw that its own permanent employees wanted to get first dibs on working extra hours for the holiday season.

Target Corp. said it also wants to respond more quickly to the peaks and valleys of customer traffic, which have become more pronounced for many stores as shoppers time their buying for when they believe they can get the best deals.

Last year, one-third of Target’s temporary holiday hires became permanent workers, officials said.

Holiday hiring typically ramps up next month. Target’s hiring strategy follows an announcement by Kohl’s Corp., which said Thursday it plans to hire about 53,000 seasonal workers for the holiday season. That’s slightly more than last year, according to Kristen Cunningham, a Kohl’s spokeswoman.

Iraq vet awarded $20,000 for venture

Ivy Tech Community College-Northeast announced Friday that Robert Bibbo is the school’s 2013 New Venture Competition champion.

The entrepreneur and Iraq veteran won $20,000 to use as seed money for his company, American Combat Veteran Clothing. The business provides military-themed clothing and accessories. Bibbo said he plans to hire only veterans.

“(Winning) definitely gave validation to the idea itself,” said Bibbo who served a Middle East tour for a year ending in 2009. “With the amount of support I had from the idea, both from veterans and civilians, whether I won or not, the company would be fine.”

The New Venture Competition was sponsored by Dave Bear and JB Tool, Die & Engineering Inc.

Kroger CEO Dillon to retire in January

Kroger CEO David Dillon will retire from that post when the new year begins but will stay on for another year as chairman. President and Chief Operating Officer W. Rodney McMullen will step into the CEO role as part of its long-term succession plan.

Dillon’s retirement is effective Jan. 1, which is also when McMullen will take over the CEO position.

The nation’s largest traditional supermarket operator said Friday that the Dillon, 62, will continue to serve as chairman through Dec. 31. He’s been CEO since 2003.

McMullen, 53, has been president and COO since 2008 and a board member since 2003.

GE pulls plug on Bloomington plan

A southern Indiana refrigerator factory where 160 jobs are now being cut never saw the $161 million investment that GE officials announced three years ago.

The company had to drop the investment plan for the Bloomington factory because a drop in consumer demand for the side-by-side refrigerators made there, GE spokeswoman Kim Freeman told the Herald-Times.

The company said last week it would cut nearly one-third of the factory’s jobs because demand has fallen by more than 30 percent since 2010. That will leave the plant with about 360 employees.

Advertisement