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NewPage to close Kimberly mill The Business Journal of Milwaukee

NewPage Corp. said Wednesday that it will close its mill in Kimberly, near Appleton, at the end of August, putting 475 employees out of work.

The Kimberly mill currently operates two paper machines that produce approximately 500,000 tons annually of coated freesheet paper used for a variety of commercial printing and specialty applications.

"The coated paper market is being hit with a slowdown in demand as the uncertain economy is reflected in a reduction in print advertising," said NewPage chairman and CEO Mark Suwyn. "At the same time, we are experiencing higher input costs for raw materials and transportation driven by oil and natural gas prices."

The approximately 475 employees who will be affected by the shutdown of the mill are in addition to the 125 employees affected by the shutdown of a Kimberly paper machine in May 2008. more

Mike Ritchey Appointed National Practice Leader of RiechesBaird

He joins RiechesBaird from ev3, where he was senior vice president of corporate marketing and communications for the $500 million medical device company.

"With a diverse background that transcends virtually every segment of healthcare, Mike has a unique understanding of the dynamics and challenges facing healthcare companies today," said Ryan Rieches, CEO of RiechesBaird. "RiechesBaird is pleased to offer our current and potential clients his invaluable expertise in this important and highly visible industry."

Ritchey brings more than 20 years of agency and client-side experience in healthcare branding, marketing, public relations and corporate communications to RiechesBaird. He will parlay his experience in branding the specialties of medical devices and diagnostics, health services, health information technology and biotech for RiechesBaird's healthcare clients. more

Forget Aligning IT with Business, Bausch & Lomb Aligns IT with

We've heard a lot about aligning IT with the business. But what about aligning IT with the customer?

After all, many of the channels through which customers come into direct contact with companies, including Web sites and contact centers, are touched by IT. In fact, IT factors into most stages of the customer-experience loop, from designing a product, to getting it to customers efficiently, to analyzing customer behaviors in hopes of making improvements.

So maybe Bausch & Lomb is on to something with its decision to appoint a single person to handle IT and (from the press release) "global delivery of customer service processes."

Alan Farnsworth is the company's newly minted SVP of customer service & information technology. An apparent overachiever, Farnsworth is also its CIO, a corporate vice president and acting president of its Europe, Middle East and Africa region. more

Investor banned from doing business in Iowa

A Des Moines real estate investor accused of consumer fraud has been banned from doing business in Iowa.

A Polk County District Court judge on Monday ordered John Davis to stop selling, renting, leasing or investing in real estate in Iowa.

The order resolves a consumer fraud lawsuit filed by the Iowa attorney general's office against Davis and his companies in 2006.

Davis, who agreed to the terms of the order, also was ordered to pay $30,000 to reimburse consumers.

Iowa Attorney General Tom Miller says the lawsuit alleged that Davis sold homes at highly inflated prices to customers with average or below average credit scores. He says Davis also used phantom down payments to help customers get mortgages.

Miller says all the loans cited in the lawsuit ended in foreclosure. more

Prudential Business Cards

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Career Cabal job seekers group, 7:30 a.m., Shelby's Coffee Shoppe, 200 First St., Neptune Beach. $10. (904) 699-8617 or jwytzka@comcast.net. Green Cove Springs Rotary Club, 12:15 p.m., Village Improvement Association, Woman's Club, 17 Palmetto Ave ...

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Stocks bounced back from heavy losses and were mixed at midday Thursday. Trading has been volatile throughout the session following a barrage of earnings reports and a round of mixed economic data. At 12:42 p.m. EDT, the Nasdaq was up 1%. The Dow ...

Stocks Turn Mixed In Volatile Trading - Investors Business Daily

The Dow, NYSE composite and S&P 500 joined the Nasdaq into positive territory in late trade Thursday on pace to regain some retribution from yesterday's huge losses. At 2:52 p.m. EDT, the Nasdaq climbed 2%, Dow 0.9%, S&P 500 0.5% and NYSE composite 0 ...

Stocks Strengthen In Late Trade - Investors Business Daily

After another volatile week which has seen America's biggest banking failure so far - Washington Mutual - and endless dithering over the US $700bn bail-out plan to save the financial system, leading shares have ended around 220 points lower. Of that ...

Decline continues as US dithers over bail-out plan - Guardian Unlimited

The Labour party has traditionally been frightened of the financial markets, often with good reason. Gordon Brown has been obsessively wary of the Conservative party, often with less reason. It was through fear of the financial markets that Brown ...