The Briefcase: Financial firm announces VP
by From staff and wire reports
December 05, 2012 01:21 AM | 1061 views | 0 0 comments | 9 9 recommendations | email to a friend | print
MARIETTA — Ned Watson was promoted to vice president of processing services at Financial Aid Services, a Marietta-based management consulting firm that helps colleges and universities optimize their financial aid delivery. Watson has undergraduate and master’s degrees in business administration.

HVAC owner donates to Lions

MARIETTA — Bob Shipley, the owner of Bob Shipley Service Co., donated three heating and air conditioning systems to the Lions Club Camp Merrick in Nanjemoy, Md.

The camp supports children who are blind or deaf, and also those with diabetes. Shipley and his crew traveled to Maryland in early November to install the systems in three cabins at the camp, so that more children will be able to attend.

Shipley Service Co. is at 29 Barnes St., Marietta.

* Manufacturing activity in Georgia fell sharply to 46.4 percent, down 5.3 points from last month due to the aftermath of Hurricane Sandy and the continued uncertainty surrounding the federal government’s handling of the fiscal cliff, according to Kennesaw State University’s Econometric Center at the Michael J. Coles College of Business.

* The Cobb Chamber of Commerce is accepting nominations for the Small Business of the Year Awards until Jan. 9. Chamber members that have been in business for three years or more and can demonstrate an increase in sales and community service can nominate themselves or other businesses. The top 25 will be recognized and the Small Business of the Year will be announced during the Cobb Chamber’s June 3 First Monday Breakfast.

* Queen of Hearts Antiques & Interiors has opened at 2475 Sandy Plains Road, featuring hundreds of dealer spaces offering one of a kind, vintage items and home accessories.

* Momo’s Special Toys has opened at 2323 Shallowford Road, Suite 111 in Marietta. Formerly an online business, the store features hard-to-find educational toys for children of all abilities.

* Cumberland Mall will be hosting breakfast with Santa on Dec. 8 and 15 in the food court from 9 to 10 a.m. Arts & crafts, and breakfast, will be available along with other fun activities. Santa will make an appearance at 9:30 a.m. Every Monday from Nov. 19 through Dec. 17, dog and cat photos with Santa will be available from 6 p.m. to mall closing.

* The open enrollment for Medicare Part D ends Dec. 7. The open enrollment period is the only time for new patients to sign up and current patients to revise or add to their existing plans. Seniors wanting to compare their plans should visit www.medicare.gov or call 1-800-MEDICARE.

Netflix grabs Disney rights

SAN FRANCISCO — Netflix’s video subscription service has trumped pay-TV channels and grabbed the rights to show Disney movies shortly after they finish their runs in theaters.

The multiyear licensing agreement announced Tuesday represents a breakthrough for Netflix as it tries to add more recent movies to a popular service that streams video over high-speed Internet connections.

Netflix will have exclusive U.S. rights to offer the first-run movies through its streaming service during the period normally reserved for premium TV networks such as HBO, Starz and Showtime. That period starts about seven months after movies leave theaters.

The exclusivity does not extend to DVDs, a service Netflix is trying to phase out.

Darden stocks tumble 10%

ORLANDO, Fla. — Darden Restaurants Inc. is cutting its profit forecast for the year, with the owner of Olive Garden and Red Lobster blaming failed promotions and negative publicity generated by its tests to limit health care costs for workers.

The company’s stock tumbled nearly 10 percent.

Darden Chairman and CEO Clarence Otis said Tuesday that the company’s promotions didn’t resonate as well with “financially stretched” diners as those of competitors during its fiscal second quarter. He said the disappointing results show the need for bold changes and that Darden would revise its promotional calendars to better fit with the financial realities of diners.

Home prices rise in Oct.

WASHINGTON — A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market.

Core Logic also said Tuesday that prices declined 0.2 percent in October from September, the second drop after six straight monthly increases. The monthly figures are not seasonally adjusted. The real estate data provider says the decline reflects the end of the summer home-buying season.

Steady price increases are helping fuel a housing recovery, as more homeowners to sell their homes. That also encourages would-be buyers to buy homes before prices rise further.

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