Memo 11/12/01

Monday, November 12, 2001

New banking center to open at Schnucks

The Bank of America will hold a grand opening for its new Schnucks In-Store banking center at 19 S. Kingshighway this month.

Kristie Carner will be manager of the new center, heading a staff of five associates in offering full-service banking. The new location will feature teller services and access to a number of services, including auto loan, home equity lines or credit, new checking and savings accounts.

Banking hours will be 10 a.m. to 7 p.m. Monday through Friday, 10 a.m. to 4 p.m. Saturday and noon to 4 p.m. Sunday.

Grand opening activities will be held Nov. 20 through Nov. 25, with a ribbon cutting at 10 a.m. Nov. 20.

Company moves to new location

Hillin and Clark, P.C., has moved to a new location, 264 S. Broadview in Cape Girardeau. The company will hold an open house from 3:30 to 6:30 p.m. Friday at the new location.

Hillin and Clark is also observing its 30th year in business.

Jim Hillin started his CPA practice Nov. 22, 1971, at 221 Plaza Way, with two employees in the Cape Girardeau office and one at a Hayti, Mo. location.

Since then, the firm has relocated twice and has grown to two partners, Hillin and Dwayne Clark, and a staff of nine full-time and six part-time employees.

Hillin and Clark offers a wide range of accounting services and recently added investment advisory services.

The firm is a member of the Missouri Society of CPAs and American Institute of Certified Public Accountants and Division of CPA Firms.

Hillin, who is licensed in Missouri and Illinois, serves on the board of the Missouri Society of CPAs, and is a board liaison to the MSCPA Medical Benefits Trust. He is also a member of the MSCPA Investment Committee.

Business After Hours changes location

The Cape Girardeau Chamber of Commerce's November Business After Hours will be held at 5 p.m. at Drury Lodge instead of previously announced Bank of Missouri location.

Furniture shop holds grand opening

Toulouse Interiors, a new furniture shop at 45 N. Main in Cape Girardeau, held its grand opening last weekend.

Toulouse Interiors is owned by Ed and Shelly Bishop of Bonne Terre, Mo., who operate a store by the same name there.

The 10,000-square-foot store here specializes in a full line of both new contemporary furniture items as well as a unique line of replicated antique furniture.

Eldon Nattier is general manager of the new store.

Investment seminar to be held Nov. 29

Strategic Investment Advisors Ltd., an investment firm owned by Hillin and Clark, P.C., will conduct a seminar at 7 p.m. Nov. 29 at the Osage Centre.

Larry E. Swedroe, an investment expert and author of two books, "The Only Guide to a Winning Investment Strategy You'll Ever Need" and "What Wall Street Doesn't Want You to Know," will be the featured speaker.

Refreshments will be served at 6:30 p.m.

Student engineers earn awards at conference

The student chapter of the Society of Manufacturing Engineers (SME) at Southeast Missouri State University recently won three first-place awards at a conference in Overland Park, Kan. Eight members of the organization at Southeast attended the conference.

The chapter received first place in the scrapbook competition, chapter presentation, in which the organization submits an annual scrapbook containing a journal of the chapter's activities throughout the year. Matthew McBride of Granite City, Ill., coordinated the scrapbook.

Southeast's SME chapter also took first place in the chapter presentation category. Todd Marchi of Jackson, Mo., led the PowerPoint presentation reviewing the chapter's successes of the past year. Derrick Geringer of Arnold, Mo., represented the chapter in the interview category and earned first place.

This is the first year the Southeast chapter has been awarded first place ribbons. Other students participating were Kim Jones of Lockwood, Mo.; Tony Thomas and Noel Hiltz, both of Cape Girardeau; and Nathan Dierking of St. Louis.

UPS to hike rates for shipping packages

United Parcel Service Inc. said last week it will raise its ground shipping rate 3.5 percent effective Jan. 7.

Overnight and two-day express services will jump 4 percent, while international shipping will increase 3.9 percent.

The Atlanta-based package delivery giant also is increasing the fee for residential deliveries a nickel, to $1.10. The fee for air express deliveries to homes will be $1.10 higher than the charge for taking those packages to businesses.

Prudential to cut jobs, restructure company

Insurance giant Prudential PLC plans to slash 2,100 jobs, or 22 percent of its work force, and to sell its general insurance business to Winterthur of Switzerland, the British company announced Friday.

The job cuts, which include 1,000 compulsory layoffs from Prudential's work force of 9,500, are part of a plan to restructure the company and boost profitability.

The cuts are to be completed by 2003 and come on top of a 2,000-job reduction in Prudential's sales force earlier this year. All the jobs to be eliminated will be in Britain. Prudential is unrelated to the U.S. company Prudential Insurance Co. of America.

Prudential valued its deal with Winterthur, the insurance arm of the Credit Suisse group, at $1.18 billion.

National agriculture study to begin

Missouri producers will once again have an opportunity to shape decisions that will impact farm programs through participation in a national survey.

Missouri Agricultural Statistics Service representatives will begin interviewing selected producers for the 2001 Agricultural Resource Management Study this month. The national survey will assess data on corn production, pest management practices, production costs and chemical use and application to determine how producers are adapting their operations to meet changes in state and national farm programs.

"The information gleaned from the survey benefits everyone involved in agriculture," said Lowell Mohler, director of the Missouri Department of Agriculture. "For example, the information can be used to adjust conservation projects and enhance agricultural production Practices to improve overall productivity and ensure a safer, cleaner environment."

-- From staff, wire reports

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