Friday, May 27, 2016
Wine mixer set
YOUNGSTOWN
The Mahoning Valley Young Professionals will have a Wine and Wealth mixer at 201 E. Commerce St. at 6:30 p.m. Tuesday.
The mixer is sponsored by Transamerica. For more information and to register, visit WineandWealth.Info.
Family Video gives movies, games for A’s
YOUNGSTOWN
Throughout June, students from kindergarten to college can get a free movie or game rental at Family Video for each final “A” grade or equivalent mark they achieve in a core subject on their year-end report card. The company expects to give away more than 1 million movie and game rentals this summer. Additionally, all Family Video-affiliated Marco’s Pizza locations will give the “A” student a small one-topping pizza; one per student.
Alta Care Group receives grants
YOUNGSTOWN
Alta Head Start and Alta Behavioral Healthcare have received three grants totalling $46,500 to support their work with children who attend preschool through second grade. The grants will be used to support nutrition education, reading skills and remediation of behavioral issues.
Some of the youngest children served by these two entities, along with their families, will benefit from the three grants: William Swanston Charitable Fund gave $31,200; the United Way gave $10,350; and the PNC Foundation gave $5,000.
GM has $14.5 billion in revolving credit
DETROIT
General Motors Co. announced the execution of an unsecured $14.5 billion revolving-credit facility, or line of credit, consisting of a $10.5 billion five-year facility and a $4 billion three-year facility. The facility amends and extends GM’s existing $12.5 billion revolving-credit facility.
The company reaffirmed its capital-allocation framework, including targets for cash of $20 billion and available liquidity of $30 billion to $35 billion needed to withstand a severe economic downturn. In addition, buybacks executed under the company’s common stock share repurchase program will continue to be funded with available free-cash-flow.
With the revolving-credit facility, the borrower may repay over time, or in full at any time.
$3 million Gerber judgment upheld
LITTLE ROCK, Ark.
A sharply divided Arkansas Supreme Court on Thursday said a baby-food manufacturer must pay more than $3 million to workers for the time they spent dressing and undressing into uniforms and protective gear.
In a 4-3 ruling, the high court upheld a lower court’s ruling that Gerber Products Co. should have compensated more than 800 workers at its Fort Smith facility for the time they spent changing into uniforms, donning protective gear such as ear plugs and washing their hands, as well as undressing after their shifts ended.
Staff/wire reports