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Study: 401(k) investors seek more balanced portfolios
Participants in 401(k) plans are using balanced approach in their portfolios rather than completely shunning stocks to avoid the turmoil of up-and-down markets, according to a recent national report. The report, released jointly by the Employee Benefit Research Institute (EBRI) and Investment Company Institute (ICI) in December, defined equities as including equity funds, company stock, and […]
Hamilton Group owners launch accelerated vendor-payment venture
SALINA — Kenneth Walsleben does not know how to twist time. Yet it sounds like his new business will send clocks spinning in all different directions. The business, Hamilton Capital Resources, LLC, aims to allow clients to take longer to pay their vendors — while simultaneously shortening the amount of time it takes those vendors
Small-business optimism grows for fourth straight month in December
Small-business owners displayed increasing optimism for the fourth straight month in December, raising sales expectations and lowering concerns over future business conditions. Those are the results of the monthly Small Business Optimism Index measured by the National Federation of Independent Business (NFIB). The index inched up 1.8 points to 93.8 in December. The seasonally adjusted
Sovena USA hopes certification leads to growth
ROME — Olive-oil importer and bottler Sovena USA ended 2011 on a high note by becoming the first U.S. laboratory to be certified for chemical testing of olive oil by the International Olive Council (IOC). The new certification positions the company to reassure buyers and consumers that its oils meet globally accepted standards for olive
PAR Tech to sell logistics-management subsidiary
NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) is selling its PAR Logistics Management Systems (PAR LMS) shipping asset and management subsidiary to ORBCOMM Inc., a global satellite data-communications company based in Fort Lee, N.J. PAR announced the sale Dec. 28 and said ORBCOMM (NASDAQ: ORBC) will pay $6 million in cash and stock with
Oneida County studies Griffiss Airport’s potential for regular passenger air service
ROME — Oneida County is studying the future of commercial air service from Griffiss International Airport and has hired an expert consultant to assess the feasibility of regularly scheduled passenger air-carrier service at the airport. “The goal of our investments at Griffiss is to make Griffiss an economic development engine that can help attract, retain,
Chobani maker gears up for expansion projects
SOUTH EDMESTON — Agro Farma, Inc., maker of Chobani yogurt, ended 2011 with a bang. On Dec. 16, the company announced it had cemented plans to expand its production plant in South Edmeston, and just days later on Dec. 19, the company broke ground on a new 940,000-square-foot, high-capacity production facility in Twin Falls, Idaho.
CLINTON — Bassett Healthcare Network of Cooperstown opened its newest primary-care practice in the village of Clinton on Dec. 19. Aimee Pearce, M.D., who lives in Clinton, leads the new 5,100-square-foot facility at 34 Chenango Ave. Pearce is board-certified in family practice and will see patients of all ages. An advanced-practice clinician will join the
Rojeti owner starts document-storage business in Rome
ROME — Joyce Finnegan’s newest business — Store Scan Shred Secure Records Management — gives area businesses a new option for storing their sensitive records. The business is a division of Finnegan’s RJT Products LLC, which also operates ROJETI, manufacturer of eco-friendly laundry and travel bags. Growth at ROJETI prompted Finnegan to start Store Scan
NFIB New York outlines state legislative goals for 2012
The New York state office of the national Federation of Independent business (NFIB) has set state legislative goals for this year that include regulatory relief, mandate relief, and allowing companies to extract natural gas through hydraulic fracturing. The NFIB’s legislative goals follow a year that the group said was good for small business. The state made
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