March 15, 2011 in Business

Briefcase

 

Itron reorganizes into water, energy divisions

Liberty Lake’s Itron Inc., which provides products and services for the utility industry, announced Monday it has reorganized into two divisions, reflecting the company’s core markets of water and energy.

The change is meant to improve the ability to meet customer needs, said Sharelynn Moore, marketing communications director for Itron.

Philip Mezey was named president and chief operating officer of the energy group. Marcel Regnier is president and chief operating officer of the water unit.

Trading of Itron shares Monday fell 1 percent, or 54 cents, to $52.91.

Tom Sowa

Seminars offer hirers interviewing training

The first of four seminars that will teach employers interviewing skills will be held today in the Redwood Room of the WorkSource offices at 130 S. Arthur St., Spokane.

The free, three-hour classes will begin at 9 a.m. The instructor will be Jack Kaplan, WorkSource employer resource specialist.

The materials are based on the work of industrial psychologist Paul Green, who developed the Behavioral Interviewing Seminar, Kaplan said.

Information on WorkSource On-The-Job Training programs will also be available.

The other sessions will be held March 22 in the same room, and April 5 and 12 in the Ponderosa Room, also at WorkSource.

For more information, call Kaplan at (509) 532-3061, or send e-mail to jkaplan@esd.wa.gov.

To register, e-mail mirwin@esd.wa.gov.

Bert Caldwell

Berkshire Hathaway buying Lubrizol Corp.

OMAHA, Neb. – Warren Buffett’s Berkshire Hathaway Inc. is buying specialty chemicals company Lubrizol Corp. for about $9 billion in cash, making it one of the biggest acquisitions in Berkshire’s history.

The companies said Monday that the transaction also includes about $700 million in net debt. Berkshire will pay $135 per share, a 28 percent premium to Lubrizol’s Friday closing stock price of $105.44.

Buffett said earlier this month he was looking for more big acquisitions to boost Berkshire’s earnings power. Last year, Berkshire Hathaway acquired railroad Burlington Northern Santa Fe for more than $26 billion.

Associated Press


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