Nebraska jobless rate rises
For the third month in a row, Nebraska's unemployment rate rose in July, to 4.2 percent, up 0.2 percentage points from June and also 0.2 points higher than in July 2012.
Metro Omaha unemployment was unchanged from June at 4.6 percent. Lincoln's rate rose 0.1 percentage points to 4.1 percent.
“There continues to be a high number of new entrants in the labor force looking for work, which has outpaced the July demand for workers,” said State Labor Commissioner Cathy Lang.
Truce at J.C. Penney
J.C. Penney Co. and its largest shareholder, activist investor William Ackman, have made a deal setting terms for him to unload his 17.7 percent stake.
Filed Friday with the Securities and Exchange Commission, it follows Ackman's resignation from Penney's board, part of an agreement to resolve an unusually public battle between him and the struggling department store over its leadership.
Ackman called it “the most constructive way forward,” but it does little to reverse Penney's declining business, reeling from a makeover that Ackman backed but shoppers shunned.
Egg plant's production moving to Iowa
An Minnesota egg processing plant's production is moving to Britt, Iowa, affecting about 40 employees, says Michael Foods Group Inc., whose subsidiary, M.G. Waldbaum Co. of Wakefield, Neb., owns both plants.
Waldbaum acquired the plants about two months ago when it bought Primera Foods Corp. in a $35.7 million deal, then decided to move the Altura, Minn., plant's production to the Iowa facility.
Lindsay Corp. adds LAKOS
Lindsay Corp. announced Friday that it has completed acquisition of Claude Laval Corporation, also known as LAKOS Separators and Filtration Solutions.
The Omaha-based irrigation and infrastructure products manufacturer said the deal was a stock purchase transaction.
President and CEO Rick Parod called the addition of LAKOS, which operates from Fresno, Calif., with about 125 employees, an important expansion of Lindsay's “water use efficiencies capabilities.”