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Friday, July 30, 2010
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Employee Benefits & HR

Earnings dip at Oneida Financial

 

Second-quarter earnings were down at Oneida Financial Corp. due to a drop in value of trading securities and increased provisions for loan losses.

The banking company reported net income of $814,000, or 10 cents per share, compared to $1.1 million, or 14 cents per share, a year ago. Oneida announced its results Friday.


Survey says CFOs would consider consulting to keep working

 

More than one-quarter of the nation's chief financial officers (CFOs) in a new survey say they'd consider consulting work if it meant staying employed instead of retiring.

Robert Half Management Resources, a division of Menlo Park, Calif.-based Robert Half International, released the survey Thursday. Robert Half International specializes in the placement of skilled administrative professionals.


Paychex CEO Judge to resign at end of July

Jonathan Judge, CEO and president of Paychex, Inc., will step down at the end of this month, the payroll and human-resources services company announced today. An executive committee will take over until a replacement is found.


Brown & Brown acquires Meridian Group

 

Brown & Brown of New York, Inc. has acquired the assets of Utica-based Meridian Group of New York, Inc., according to a joint release from both companies.

Meridian Group, with annual revenue of approximately $1.3 million, provides life, health, and other employee-benefits products and services to individuals, businesses, public entities, nonprofit organizations, unions, and associations. Ross Kraft, Meridian president, and Andrew Biernat, vice president, and their staff will combine their operations into Brown & Brown's Rome office under the leadership of David Carello.


State applies for federal funding to help the uninsured

 

Gov. David Paterson on Thursday announced the state has applied for federal funding to provide health-insurance coverage to eligible individuals who are uninsured and have pre-existing health conditions.

Paterson expects New York will receive nearly $300 million of the $5 billion available in the federal health-care reform legislation over the next three years.



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