BUSINESS DIGEST || Ryan supports steel-dumping accusation
U.S. Rep. Tim Ryan of Niles, D-13th, said he strongly supports an illegal steel-dumping accusation filed by Warren-based Thomas Steel Strip Corp. with the United States International Trade Commission.
The company and the United Steelworkers of America “believe their industry is unfairly threatened by imports from Japan of diffusion-annealed, nickel-plated steel flat-rolled products,” Ryan said.
“We need to ensure that unfair trading practices don’t put people out of work,” he said. “I have always said that the American worker is the best in the world. All we need to compete is a level playing field.”
Program exceeds expectations
Mahoning and Columbiana OneStop Workforce Systems reported Friday that participation in a federally funded on-the-job training program focused on the shale gas industry had exceeded expectations.
Nearly 50 workers at nine companies participated in the ShaleNet program, as it’s called. The average wage of the workers in both counties was $16.60 per hour. The average benefit to the employer was $3,148.69 per covered employee. The U.S. Department of Labor created the ShaleNet grant in 2012 to fund a comprehensive recruitment, training, placement and retention program for high-priority occupations in the natural-gas drilling and production industry as well as first- and second-tier suppliers.
E. coli linked to frozen foods
Health officials say at least 24 people have become sick from an outbreak of E. coli infections linked to frozen snack foods marketed to children.
No one has died, but eight people, mostly kids or teens, were hospitalized.
An investigation detected E. coli in an open package of Farm Rich brand frozen chicken quesadillas at an ill person’s home.
The Centers for Disease Control and Prevention reported illnesses Friday in Alabama, Arkansas, Illinois, Indiana, Michigan, Mississippi, New York, Ohio, Pennsylvania, South Dakota, Texas, Utah, Virginia, Washington and Wisconsin.
The Buffalo, N.Y.-based Rich Products Corp. has recalled quesadillas, mozzarella bites and other frozen products made in November.
UPS CEO got $10.7 million in 2012 compensation
The CEO of UPS is getting $10.7 million in annual compensation, but that’s down a bit because the big package-delivery firm was less generous with incentive pay.
Chairman and CEO Scott Davis got a 3 percent raise in salary last year, to nearly $1.1 million, but most of his compensation comes in the form of stock awards.
Last year his stock awards were worth an estimated $8.7 million on the day they were granted. That’s down from the year before, when Davis’ stock awards were worth nearly $9.5 million.
Vindicator staff/wire reports