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April 18, 2011
CONGRESS REPEALS 1099 TAX REPORTING PROVISIONS
On April 5, the Senate voted to repeal the health care overhaul’s 1099 tax reporting requirements; the House of Representatives earlier repealed the provision. The Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 repeals the expanded 1099 reporting requirement in the Patient Protection and Affordable Care Act. The requirement would…
April 11, 2011
Wood Stone Makes Management Shifts
Wood Stone Corp. founders Keith Carpenter and Harry Hegarty are taking on new posts—Carpenter as CEO, and Hegarty as COO—and passing on some day-to-day management responsibilities to company veterans. Kurt Eickmeyer has been named president-sales and marketing and Wade Bobb president-engineering, manufacturing and IT. Phil Eaton will assume Eickmeyer’s former role as v.p.-sales and marketing. Jackie…
April 11, 2011
Hoshizaki Taps Leader For Top Job
Christopher Leader has been named president of Hoshizaki America. Leader joined the Peachtree City, Ga.-based manufacturer in January 2010; he had been serving as COO. Leader also was appointed president of Hoshizaki USA Holdings Inc., the parent company of Hoshizaki America and Lancer Corp., a beverage dispenser maker headquartered in San Antonio. Hoshizaki USA Holdings…
April 11, 2011
Jobs Growth Breaks 200,000 Level In March
While consumers have plenty of worries about consumer-price inflation and the strength of the economic recovery, non-farm payroll growth hit 216,000 in March, according to the Bureau of Labor Statistics. It was the first month employment grew by more than 200,000 since spring of 2010. Private sector growth hit an even stronger 230,000 level. According…
April 11, 2011
Aladdin/Ali Elevates Rothschild To Presidency
Marty Rothschild has taken the reins as president of Aladdin Temp-Rite, an Ali Group company. He will report to Robert Nerbonne, CEO of Ali Group North America. Rothschild succeeds Jim Clapper, who announced his retirement after five years as company president. Rothschild had been serving as v.p.-sales and marketing for Aladdin, which makes meal delivery…
April 11, 2011
Five Guys Tops List Of Fast-Growing Chains In Technomic’s Top 500
In a year marked by a return to sales growth for some of the country’s biggest name brands, Five Guys Burgers & Fries was 2010’s fastest-growing restaurant chain. The news comes through the market research firm Technomic Inc. Its annual Top 500 Chain Restaurant Report calculates that systemwide sales at the 500 largest chain concepts…
April 11, 2011
FEDA Introduces New Officers, Honors Motes
Kent Motes, founder of AutoQuotes Inc., Jacksonville, Fla., has received the President’s Dealer-based Distribution Award from the Foodservice Equipment Distributors Association. Outgoing FEDA Pres. Kimberley Gill Rimsza of TriMark Gill Marketing, Phoenix, presented the award at FEDA’s 2011 Convention in Phoenix in late March. She also passed the presidential reins to Stephen McGarry, president of…
April 11, 2011
Consumer Confidence Indices Down Sharply, Gas Prices Up (And Up)
Oh, those pesky gasoline- and food-price increases! Worried about how inflation of these critical commodities will affect their household income, and also less optimistic about continuing employment growth this year, American consumers sent the two major measures of confidence reeling in March. The Consumer Sentiment Index from Thomson Reuters/The University of Michigan Surveys of Consumers…
April 11, 2011
Middleby Makes Offer For Lincat
The Middleby Corp. has inked an agreement to acquire Lincat Group, the British foodservice and bar equipment manufacturer, for ₤58 million ($94.95 million). The cash takeover offer by Middleby Holding UK Ltd., a wholly-owned subsidiary of Elgin, Ill.-based Middleby, was announced in England March 23. Foodservice Equipment Reports confirmed the pending acquisition with Selim Bassoul,…
April 11, 2011
More Upward Price Pressure On Stainless, Other Metals
Steel producers raised base prices for most stainless products 6% in March and the nickel surcharges for 304 grades rose nearly nine cents during the month, according to a report from O’Neal Steel. The company’s Market Informer newsletter was published in the March issue of Prime Times, the monthly e-newsletter from Prime Advantage, a buying…
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