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Logistics services provider Kuehne + Nagel Inc. will build its new 211,000-square-foot headquarters and warehouse and distribution facility just south of Atlanta. The project will take shape in Camp Creek Business Center, Duke Realty’s 400-acre, mixed-use business park at I-285 and Camp Creek Parkway near Hartsfield-Jackson International Airport. "Kuehne + Nagel’s expansion in Atlanta stems from the need for additional space to accommodate growth in demand for our company’s services," Juergen...

Kentucky Gov. Steve Beshear announced Wednesday that Norgren Inc. plans to move its service and logistics operation to Louisville and add 22 jobs in the city. The company also plans to invest $1.85 million in its Louisville operation, which will relocate from Laredo, Texas, according to a news release from Beshear’s office. As Business First reported in January, the Kentucky Economic Development Finance Authority gave preliminary approval for $225,000 in state tax incentives for up to 10 years...

Officials from the Wegmans Food Markets Inc. grocery store chain are considering opening up a store at several redevelopment sites in D.C., Mayor Vincent Gray said Wednesday. The mayor mentioned two possible sites at a Wednesday press conference: The Walter Reed Army Medical Center in Northwest D.C. and the St. Elizabeths redevelopment in Southeast D.C. The mayor, among other city officials, just spent several days courting potential retailers at the International Council of Shopping Centers' annual...

Personal computer and printer giant Hewlett-Packard said Wednesday it will launch a multiyear restructuring effort expected to reduce the size of its workforce by 8 percent, or 27,000 employees. Rumors of the restructuring had swirled around HP (NYSE: HPQ) for nearly a week. The cuts are expected to take place by the end of fiscal year 2014. HP will offer an early retirement program, so the number of job cuts will depend on how many employees take part. The company expects annualized savings of...

Duke Energy and it’s Oconee Nuclear Station employees won the Nuclear Energy Institutes "Best of the Best" Top Industry Practice award for their first in the nation conversion of Oconee 1’s control room to digital instruments. The B. Ralph Sylvia Leadership Best of the Best Award was awarded at the Nuclear Energy Institute’s Nuclear Energy Assembly, held this week at The Westin Charlotte Hotel. The project also won Duke and its Oconee employees a share of the Vision and Leadership Award...

Tony Felice PR & Marketing of Phoenix launched a new image management division to help artists, celebrities and other talent manage their brands and public images. TFPR has now signed eight artists including singer Serenity Stewart, fashion photographer Christos Sewell and celebrity stylist Fawn Cheng. Ana Tackett, nice president of TFPR and co-founder of the image management division, said the idea for the new division came when the company noticed many artists were going to other cities like...

text HP job cut is among biggest in recent years
Wed, 23 May 2012 20:54:25 +0000
Hewlett-Packard Co.'s planned job cut of 27,000 workers over the next three years is one of the biggest restructurings in recent years. CEO Meg Whitman emphasized that she plans to re-invest in key part of the company during that time, contrasting her job cuts with those of former CEO Mark Hurd, who slashed about 50,000 jobs in five years. Many of those cuts included terminations tied to major acquisitions, including 3Com and EDS. HP's cuts are expected to add to a sharp increase in tech job cuts...

Gov. Bev Perdue invited nuclear industry executives to move operations to North Carolina, and Progress Energy, Inc. CEO Bill Johnson predicted a strong future for the industry as the Nuclear Energy Assembly wrapped up today in Charlotte. Johnson was the last speaker at the conference, which attracted more than 600 participants to The Westin Charlotte. Johnson is chairman of the Nuclear Energy Institute, the industry association that organized the three-day event. He acknowledged that, in the near...

text HP to cut 27,000 jobs by 2014
Wed, 23 May 2012 20:49:28 +0000
Hewlett-Packard Co. said it will cut 27,000 positions, or 8 percent of its workforce, by the end of fiscal 2014, as part of a restructuring. The move will save the technology company annualized savings between $3 billion and $3.5 billion by the time its fiscal 2015 begins on Nov. 1, 2015. The savings will be reinvested into the company in three strategic areas: cloud computing, "big data" and security. "These initiatives build upon our recent organizational realignment, and will further streamline...

The Milwaukee area was among seven of Wisconsin's 12 metropolitan areas to lose jobs during the month of April, according to local jobs data released Wednesday by the Wisconsin Department of Workforce Development. On a seasonally adjusted basis, the Milwaukee-Waukesha-Ozaukee-Washington metropolitan statistical area lost 2,100 jobs since March and was down 8,400 jobs since April 2011, according to preliminary U.S. Bureau of Labor Statistics data. However, the seasonally unadjusted unemployment rate...