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Jamestown Container Sells Viva Foam Division

OrCon Industries, a custom packaging and material handling company, has acquired the Viva Foam division of Jamestown Container Companies. The acquisition includes the majority of assets and equipment located in Lyons, N.Y. Terms of the transaction were not disclosed. “After nine successful years of operating Viva Foam, we have made the strategic decision to focus more on our core corrugated packaging business,” said Joseph R. Palmeri, vice president and chief operating officer of Jamestown Container Companies. “We are confident that OrCon Industries is the right company to ...

Amazon Posts Solid 1st Quarter Earnings Growth, Outlook Tempered By Tariff Uncertainty

NEW YORK (AP) — Amazon posted higher first-quarter profit and sales that beat analysts’ projections, underscoring the online behemoth’s hold on shoppers looking for low prices and a wide selection in an uncertain economy. The Seattle-based company also reported strong sales growth for its prominent cloud computing arm Amazon Web Services, it said after the market closed Thursday. However, uncertainty about President Donald Trump’s tariffs and consumer spending clouded Amazon’s outlook. Trump’s erratic trade policies — including 145% tariffs on China — have paralyzed ...

What Your Net Worth Statement Is Telling You

A summary of all your assets and liabilities is a crucial first step toward getting a better handle on your finances. Before you start putting together a net worth spreadsheet, gather as much information as you can to get the best sense of what it can tell you. Overall net worth (assets minus liabilities) The ultimate insight from a net worth statement is exactly what it says: the net worth number, which is simply assets minus liabilities. The number in isolation doesn’t tell you too much, but it is a useful benchmark to track over time. A negative net worth figure would obviously ...

‘Nowhere To Turn’

NEW YORK (AP) — Major orders canceled. Containers of products left stranded overseas. No roadmap for what comes next. The Trump administration raised tariffs on goods from China to 145% in early April. Since then, small business owners who depend on imports from China to survive have ...

McDonald’s Store Traffic Falls Unexpectedly

McDonald’s store traffic fell further than expected in the first quarter as economic uncertainty weighed on diners. The trouble was particularly acute in the U.S., where same-store sales — or sales at locations open at least a year — slumped 3.6%. That was the biggest U.S. decline ...