BUSINESS NEWS DIGEST | Delphi workers to share in profits

Delphi workers to share in profits

WARREN

Delphi will issue profit-sharing checks to its eligible hourly employees and performance-based incentive pay to eligible salaried workers.

The profit-sharing checks come as a result of Delphi’s U.S. operations’ being profitable in 2010, said Delphi spokeswoman Rachelle Valdez.

The profit-sharing checks will be issued the week of March 28. Valdez said she does not know when the incentive pay will be distributed.

Because Delphi is privately held, Valdez said the company is not releasing the amount of the checks and incentive pay.

The company filed for Chapter 11 bankruptcy in October 2005 and emerged as a private company in October 2009.

Insurance program

POLAND

The Western Reserve Association of Health Underwriters will host an event for licensed insurance professionals at 11:20 a.m. Thursday at Bruno’s Restaurant, 1984 Boardman-Poland Road.

The event, titled “The Role of the Health Insurance Professional in Educating America,” will focus on consumers and legislators.

The program is approved for one continuing-education credit.

Admission is free for association members. A $25 fee for nonmembers includes lunch and the continuing- education credit.

Home sales fall 9.6%

WASHINGTON

Fewer Americans bought previously occupied homes in February, and those who did purchased them at steep discounts. The weak sales and rise in foreclosures pushed home prices down to their lowest level in nearly nine years.

The National Association of Realtors said Monday that sales of previously occupied homes fell last month to a seasonally adjusted annual rate of 4.88 million. That’s down 9.6 percent from 5.4 million in January. The pace is far below the 6 million homes a year that economists say represents a healthy market.

Nearly 40 percent of the sales last month were either foreclosures or short sales, when the seller accepts less than they owe on the mortgage.

Pa. pulls permits in dumping case

HARRISBURG, Pa.

State environmental regulators took action Monday against two southwestern Pennsylvania businesses operated by a man charged last week with dumping gas- drilling waste and sludge illegally.

The Department of Environmental Protection issued administrative orders against R. Allan Shipman, Tri County Waste Water Service Inc. and Allan’s Waste Water Service Inc.

The orders suspended operation of Tri County’s wastewater facility and suspended the authorization of Allan’s Waste to collect, transport or store solid waste.

Shipman, 49, and Allan’s Waste Water Service of Holbrook were both charged last week with dozens of criminal counts for, among other things, purportedly dumping millions of gallons of wastewater into streams and mine shafts.

Vindicator staff/wire reports