DESIGNATED: Gregory R. Metcalf has been awarded the Accredited Investment Fiduciary designation from the Center for Fiduciary Studies, the standards-setting body for fi360. The AIF designation signifies specialized knowledge of fiduciary responsibility and the ability to implement policies and procedures that meet a defined standard of care.
The designation is the culmination of a training program and agreement to abide by the code of ethics and conduct standards. On an ongoing basis, completion of continuing education and adherence to the code of ethics and conduct standards are required to maintain the AIF designation.
Metcalf is the managing partner and a financial planner at Cardinal Wealth Management. With more than 25 years of experience in the financial industry, Metcalf has helped individuals, families and small businesses with financial needs and goals.
Along with his partner, Rick Desman, the firm offers clients 401k portfolio analysis, investment and insurance planning, budgeting and Social Security strategies. His office is located at 626 N. Fourth St. in Steubenville and can be reached at (740) 314-8342. Securities are offered through First Allied Securities Inc.
AUTHORIZED: Weirton Rental Center now is an authorized UPS shipping center outlet and is the only independently owned UPS authorized shipping outlet in Hancock and Brooke counties.
As an authorized shipping outlet, Weirton Rental Center no longer charges for any prepaid packages with an authorized return service or return shipping label already on them.
Weirton Rental Center also offers FedEx and U.S. Postal Service shipping.
They are open 8 a.m. to 5 p.m. weekdays and 8 a.m. to 4 p.m. Saturdays. UPS pickup is 4:30 p.m. weekdays. Packages dropped off on Saturdays will be picked up Mondays.
CATERILLAR?CUTS: Caterpillar is planning another round of job cuts that could exceed 10,000 people through 2018, as the construction and mining equipment maker adjusts to downturns in key markets that it serves.
That could amount to more than 8 percent of the 126,800 employees it had globally as of June.
The Peoria, Ill., company said Thursday that it will cut as many as 5,000 people mostly by the end of this year from its salaried and management workforce. It then could cut thousands more, raising the total cuts above 10,000, as it figures out which factories and manufacturing sites to close through 2018.
Caterpillar said it faces challenging conditions in key sectors. Company officials said in a statement that industries like mining, oil and gas, construction, and rail have a history that sometimes includes prolonged downturns, but they are the right businesses to be in for the long term.
Caterpillar also said Thursday that it was dropping its 2015 revenue forecast by $1 billion to about $48 billion, and it says sales for 2016 should be about 5 percent lower.
Analysts expect, on average, revenue of 48.93 billion this year, according to FactSet.
The company didn’t update its profit forecast for 2015, but it noted that the lower sales outlook and higher restructuring costs will hurt profit. It said it would provide an update when it releases third-quarter results in late October.
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GRAND OPENING: Elevation Books and Arts will hold a grand opening for its new location at 845 Commerce St. (state Route 2), Wellsburg, from 10 a.m. to 2 p.m. Saturday. It will included a live radio broadcast and ribbon cutting by the Wellsburg Chamber of Commerce.
BP SUED WITH CLASS: A federal appeals court says litigation alleging that BP misled investors about the rate of oil flowing after an offshore oil rig explosion in 2010 can proceed as a class action lawsuit.
Tuesday’s 5th U.S. Circuit Court of Appeals ruling means that the lawsuit, led by pension funds in New York and Ohio, can continue on behalf of all purchasers of certain types of BP securities during a 33-day period after the Deepwater Horizon disaster in the Gulf of Mexico. The lawsuit says low estimates of the rate of oil spewing into the Gulf inflated securities prices.
The ruling also upheld the lower court’s denial of class action status on a related allegation: that BP misrepresented its safety procedures before the spill. Investors must file individual lawsuits pursuing such claims.
JOB TIGHTENING: Lockheed Martin is eliminating about 500 jobs from its Information Systems and Global Solutions segment, as the defense contractor adjusts to changing government priorities and tries to sharpen its competitiveness.
The aerospace and defense company employs about 112,000 people globally, so the cuts amount to less than 1 percent of its total work force.
The Bethesda, Md., company says the reductions will include voluntary and involuntary layoffs and will be completed by mid-November.
Lockheed also said in July it would review options for its government information technology and technical services business, mainly in Information Systems & Global Solutions.
The layoff announcement comes more than a month after Lockheed Martin Corp. also said it will spend $9 billion to buy Black Hawk helicopter maker Sikorsky Aircraft.
WHEEL TURNING: The head of a $500 million Ferris wheel project on Staten Island says it could be scrapped unless proposed revisions are approved.
The Staten Island Advance says CEO Rich Marin made the remarks Wednesday after a city Planning Commission meeting.
Construction is already under way.
The New York Wheel project was approved by the city in 2013. It’s now back in the public-review process because the developer has proposed changes, including the parking garage, power system and terminal. New plans would also shrink and relocate a public playground.
The 630-foot-tall observation wheel has been scheduled to open for business in 2017. Up to 1,400 passengers at a time would view the scenery of New York City, New Jersey and beyond during a slow-moving, 38-minute ride.
THAT’S NO TIFFANY: A federal court says Costco violated federal trademark laws when it sold engagement rings labeled “Tiffany” that were not those of Tiffany & Co.
High-end retailer Tiffany & Co. sued Costco in 2013 over the matter.
Costco claimed in a countersuit that “Tiffany” is a generic term for a pronged ring but the court rejected this argument. The court determined Tuesday Costco willfully violated the laws and is liable for trademark infringement and trademark counterfeiting in its use of “Tiffany” on signs in the jewelry cases at its stores.
(Information about businesses, promotions, awards and personnel changes may be sent to Quick Takes, Attention Newsroom, 401 Herald Square, Steubenville, OH 43952 or sent via e-mail to email@example.com. Be sure to include a daytime contact number to answer any questions about the information. Questions may be asked by calling Paul Giannamore at (740) 283-4711, ext. 354 or City Editor Jody Wisbith at ext. 129. )
WINS AWARD: Dr. Luca Delatore, a 1993 graduate of Steubenville High School, has received the Quarterly Exceptional Physician Peer Award at Ohio State University.
The award recognizes physicians for showing exemplary skills in the areas of patient focus, collegiality and professionalism, innovative models of care, leadership and collaboration. It was developed by the physician faculty engagement committee to recognize junior and mid-career physicians.
He is the son of Rich and Ladonna Delatore of Steubenville.
BIOPSY PROCEDURE: Dr. Aarthi Ganesh of Wheeling Hospital has become the only area pulmonologist using a minimally invasive procedure that makes lung biopsies safer and more accurate.
Ganesh uses the Olympus endobronchial ultrasound bronchoscope. It is a minimally invasive procedure used in the diagnosis of lung cancer, infections and other diseases causing enlarged lymph nodes in the chest.
“This procedure is safer and more accurate than conventional procedures. If a lung issue is discovered, we can address the problem through the airway rather than opening the chest to reach the affected area. Most patients can go home the same day,” Ganesh explained.
Ganesh earned board certifications in pulmonary disease and internal medicine and has fellowships in pulmonary and critical care, and provides a full range of lung care services for her patients.
“You won’t find many like Ganesh – talented, experienced, personable and highly trained. We are very fortunate she chose Wheeling Hospital to offer her expertise to local residents,” said Ron Violi, the hospital’s chief executive officer.
After graduating with degrees in medicine and surgery from Maharashtra University of Health Sciences in India, Ganesh served her residency in internal medicine at the Rosalind Franklin University of Medicine and Science in North Chicago. Ganesh most recently completed a fellowship in pulmonary and critical care at the University of Arizona. Ganesh is certified by the American Board of Internal Medicine, with additional certification in pulmonary disease. In addition, she received certification from the M.D. Anderson Cancer Center for its course in Interventional Pulmonology in Cancer Patients. She is a member of the American College of Chest Physicians and the American Thoracic Society.
Patients are being seen at Ganesh’s office at Wheeling Clinic, an affiliate of Wheeling Hospital.
For informatiom, call (304) 234-1935.
NAMED: Andy Malinoski has joined Frontier Communications as communications manager for West Virginia and Ohio.
“Andy is an effective and proactive communicator. His diverse professional experience and proactive style will assist us in our ability to keep the communities we serve, our customers and the media informed,” said Rich O’Brien, regional vice president for marketing.
A native of Follansbee and a graduate of the Perley Isaac Reed School of Journalism at West Virginia University, Malinoski most recently was director of risk management and marketing for Charleston-based West Virginia Mutual Insurance Co.
While there, he developed and managed the delivery of risk services to the health care community, policyholder and community relations and managed the independent agency relationships for the company.
Malinoski and his family reside in Charleston.