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Peoples Bank offers financial courses for high school students

Mar. 22, 2013 @ 12:00 AM

HUNTINGTON -- Peoples Bank on Thursday announced a new program to teach financial literacy to high school students in West Virginia, Ohio and Kentucky.

The schools will use a web-based program called EverFiTM to provide students with a 10-unit course and information on hundreds of personal finance topics, according to a news release.

"As we face the difficult economic environments, it is more important than ever to arm young people with the skills to navigate an increasingly complex financial system," said Robert VanNostrand, senior vice president for Commercial Banking. "We are excited to offer students an innovative educational experience that uses the tools they love -- digital learning and gaming -- to teach this important topic."

The financial topics include credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401(k)s and other critical concepts. Students who successfully complete the course earn a certification that can be included on college applications and resumes.

Peoples Bancorp Inc. has 47 locations and 44 ATMs in West Virginia, Ohio and Kentucky.

Supervalu completes $3.3B sale to Cerberus

MINNEAPOLIS -- Supervalu Inc. has completed the sale of five of its grocery chains to Cerebus Capital Management LP in a deal valued at $3.3 billion, including debt.

Supervalu announced in January that it would sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of Cerberus, in a deal worth $100 million in cash and $3.2 billion in debt assumption.

The company will now focus its efforts on its Save-A-Lot discount stores, as well as its smaller regional chains such as Cub, Farm Fresh, Shoppers, Shop 'n Save and Hornbacher's. It will also keep its wholesale business that distributes products to grocery stores.

Mining, energy sectors face workforce shortage

MORGANTOWN, W.Va. -- A new report says the United States isn't producing enough qualified workers to meet the future needs of the mining and energy sectors.

The National Research Council on Thursday urged new partnerships to tackle the problem of retiring Baby Boomers who cannot readily be replaced. That includes retooling higher education to produce more people competent in science, technology, engineering and math.

The report predicts a bright future for energy and mining, with continuing demand for workers and good pay for those hired. But it says some industries already face labor shortages and others soon will because universities aren't producing graduates with the right skills.

About 46 percent of the mining workforce will be eligible to retire in five years, for example, but there aren't enough younger workers to replace them.

IBM gets $267M contract from Ohio for tech upgrade

COLUMBUS, Ohio -- IBM Corp. is being awarded a $267 million state contract to upgrade Ohio's data center and improve its operations as part of a 10-year project.

IBM and state officials announced the plans on Thursday.

The state's chief information officer says Ohio wants to consolidate the technology infrastructure currently housed in the state's main computing center. Stu Davis says the center is home to the IT operations of more than a dozen state agencies.

The company plans to work with the state to reduce its computing footprint, so that Ohio can invest in applications that better serve its agencies and residents.