Kokomo Tribune; Kokomo, Indiana


July 6, 2014

Business briefs for July 6, 2014

Credit unions merge

Solidarity Community Federal Credit Union completed a merger with Kokomo Post Office Credit Union Tuesday, according to a news release.

The Kokomo Post Office Credit Union served its members nearly 80 years, after being chartered in 1928. The bank had just one location and abbreviated hours withing the local post office.

After the merger, Kokomo Post Office Credit Union members now have access to Solidarity’s two office locations and its 26 ATMs in three counties, in addition to greater array of services offered by Solidarity.

Solidarity has served Kokomo since 1954 and is open to anyone who lives, works, worships or attends schools in Howard and Tipton counties and select areas of Miami and Cass counties.

Solidarity’s offices are located at 201 Southway Blvd. East and 118 N. Dixon Road in Kokomo. Call 765-453-4020 or visit solfcu.org for more information.

New AT&T authorized dealer

A new authorized dealer offering AT&T products and services is now open at 2136 W. Sycamore St. in Kokomo.

Mobile King will provide customers with the latest devices, accessories and services from AT&T in its 1,700-square-food showroom.

AT&T has invested nearly $1.75 billion in its wireless and wired networks in Indiana from 2011 to 2013, driving a wide range of upgrades to enhance speed, reliability, coverage and performance, according to a press release.

The store is open 9 a.m. to 8 p.m. Monday through Friday, 9 a.m. to 7 p.m. Saturday and 11 a.m. to 5 p.m. Sunday.

J.D. Byrider dealership opens

A new J.D. Byrider dealership has opened at 1186 E. Markland Ave. in Kokomo. The new location is the 13th J.D. Byrider location in Indiana.

“I am excited to serve the Kokomo community and offer good, reliable vehicles to those with less-than-perfect credit,” said Todd Simerman, owner of the Kokomo location.

The retail location offers used car sales, affordable pricing on parts and labor and a 24-month/24,000-mile service agreement on all cars purchased. The service location houses four service bays.

The new dealership expects to create about 15 new jobs.

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  • Earns General Motors [Duplicate] GM profit 2Q falls 85 pct. on recall costs DETROIT (AP) — Recall costs chopped $1.5 billion from General Motors' bottom line in the second quarter, cutting its net income by 85 percent. The automaker, which is in the midst of the worst recall crisis in its history, posted a net profit of $190

    July 24, 2014 1 Photo

  • China McDonald's KFC [Duplicate] Boss of company in China meat scandal apologizes BEIJING (AP) — The chairman of an American meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald's and KFC. Fast food chains in China suspended use of products

    July 24, 2014 1 Photo

  • IMF sees US growth at weakest since recession WASHINGTON (AP) — U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. But the global len

    July 23, 2014

  • Wall Street [Duplicate] US stock slip to start the week; Six Flags sinks NEW YORK (AP) — The stock market drifted lower to start the week as more companies lined up to post their quarterly earnings. Mounting tensions between Russia and the West over the downed plane in Ukraine also occupied investors' attention. KEEPING S

    July 21, 2014 1 Photo

  • Russia's Severstal selling US plants for $2.3B NEW YORK (AP) — Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened san

    July 21, 2014

  • BIZ - KT072014 - Ford acquisition - secondary pic Howell acquires Kokomo Ford franchise rights A few years ago, the owners of Brad Howell Ford and Kokomo Auto World threw around the possibility of Howell acquiring Kokomo’s Ford franchise rights from the latter, but things didn’t work out. The conversation was rekindled over the holidays during

    July 20, 2014 2 Photos

  • Wall Street [Duplicate] US stocks trading higher on company earnings Stocks headed for a higher close late Friday afternoon, rebounding on a wave of strong corporate earnings from Google, Honeywell and other big companies. Bank holding company Huntington Bancshares and furniture maker Knoll were among the big gainers.

    July 18, 2014 1 Photo

  • Indiana jobless rate up slightly to 5.9 percent INDIANAPOLIS (AP) — Indiana's unemployment rate rose slightly to 5.9 percent in June, marking the state's first increase in almost two years. Figures released Friday by the state Department of Workforce Development show Indiana's jobless mark went up

    July 18, 2014

  • Microsoft to cut up to 18,000 jobs over next year REDMOND, Wash. (AP) — Microsoft says it will eliminate up to 18,000 jobs over the next year as it works on integrating the Nokia devices business it bought in April. With the Nokia deal, Microsoft's employee headcount rose from about 99,000 last year

    July 17, 2014

  • General Motors Congress [Duplicate] Senate panel examining role of GM legal department WASHINGTON (AP) — A Senate panel will pose questions to a new set of key players Thursday as it delves deeper into General Motors' delayed recall of millions of small cars. GM CEO Mary Barra will certainly be asked about how she's changing a corporat

    July 17, 2014 1 Photo

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