Cargill Inc. will close its Memphis corn mill in January, a move that will impact 440 employees.
The company said the closure of the facility resulted from the underutilization of the Memphis plant on Presidents Island and its location far away from the Corn Belt. The nearby corn oil refinery that employs 28 people will remain open and operate as a standalone facility, Cargill said.
“The decision to close our Memphis corn milling facility was made only after a careful examination of the current business situation and we examined all other possible options,” said Julian Chase, president of Cargill Corn Milling, in a statement.
Both in one of the strongest markets in the U.S.
The recovery is a sham.
Two large Rockville employers have notified the state that they may have big layoffs soon.
RoundPoint Mortgage of Charlotte, N.C., said it could lay off 68 workers at its Rockville office by Friday.
General Dynamics Information Technology of Fairfax, Va., said it could lay off 61 employees by Oct. 18.
Meh....what do those guys know?
PARIS (Reuters) - The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.
Why would they do this in the midst of a housing (especially in Boston) boom?
MANCHESTER, N.H. —After 56 years in business, Mill Stores Furniture Outlet is closing half of its stores, including both locations in New Hampshire.
The company is also closing seven other stores in Massachusetts and Rhode Island.
With the closings looming, the store has announced a sale on remaining furniture at all locations.
Let's see....that's 4,200 stores, 4,200 leases, and 27,500 employees.
I don't see them making it.
Wait a few months and those 10,000 casino layoffs will work their way through the system.
Oops.....down to six dividends after only one trading day.
Its time in the market, not timing the market.
Foreclosures are up because property values have risen significantly, and housing inventory is low.
The big banks are managing millions of properties where the owners haven't paid their mortgages in years.
Not to worry, people with jobs don't fit Toll's demographic....lol.
DENVER - About 650 Denver airport workers could be laid off after United Airlines ended its baggage handling contract with SkyWest Airlines Tuesday.
"We have decided to transition some of our ground handling work at Denver International Airport to Simplicity USA," United Airlines spokeperson Luke Punzenberger told 7NEWS.
Even with an adjustment for the Labor Day holiday, it was a tough week for mortgage applications. The Mortgage Bankers Association overall activity index declined 7.2% to the lowest level of activity in 14 years.
Applications to purchase a home were down 2.6%, the lowest since late February. Refinancing activity slid 10.7% to the lowest level since 2008. The average 30-year fixed mortgage rate rose 2 basis points to 4.27%, but is still near the lowest levels in more than a year. The adjustable-rate mortgage share of overall activity continued to decline, down to 7.5% of the total from 7.8% in the prior week.
H. Sapiens tend to have a short memory.
My mother (83), who lives with us, is the 12th of 13 children. The first three died in the Spanish flu epidemic of 1918.
Here's the latest from WHO.....
Ebola Outbreak Doubles In 3 Weeks, WHO Warns "Conventional Means Of Control Not Working"
The Ebola outbreak in West Africa has now killed 2,288 people (with 4,269 cases) according to the World Health Organization, but is accelerating dramatically. In a rather stunning admission, WHO warns, conventional means of controlling the outbreak are not working as the last 3 weeks have seen the number of cases and deaths double.
The Ebola outbreak in West Africa has killed 2,288 people, with half of them dying in the last three weeks, the World Health Organization (WHO) says.
It said that 47% of the deaths and 49% of the total 4,269 cases had come in the 21 days leading up to 6 September.
The health agency warned that thousands more cases could occur in Liberia, which has had the most fatalities.
In Nigeria, eight people have died out of 21 cases, while one case of Ebola has been confirmed in Senegal, the WHO said in its latest update.
On Monday, the agency called on organisations combating the outbreak in Liberia to scale up efforts to control the outbreak "three-to-four fold".
However, the WHO says conventional means of controlling the outbreak, which include avoiding close physical contact with those infected and wearing personal protective equipment, were not working well in Liberia.
So much for the latest recovery: with not a single analyst expecting a NFP print below 190K, the BLS just reported that August payrolls tumbled from a revised 212K to only 142K, which was not only below the lowest Wall Street estimate of 190K, but it was also the the lowest monthly jobs print in all of 2014! The Unemployment rate dripped modestly from 6.2% to 6.1% confirming yet again it has become a completely meaningless metric.
Don't forget shadow inflation.
Gas= $3.65 gallon.
Insurance premiums going up.
Taxes going up.
Car batteries used to cost $40 every day of the week. Just bought one for $150!
Paint used to be $10/gallon. Now its $30/gallon.
6 pack of bagels used to be $2. Now they are $3.69
Ground beef used to be .99/lb. Now its $2.99/lb.
Less is more.