SS&G adds Chicago unit
Akron-area accounting and business advisory firm SS&G has doubled its size in the greater Chicago area to 90 employees with its purchase of accounting and business planning firm Silver, Lerner, Schwartz & Fertel, also known as SLSF.
This is SS&G’s third merger in the Chicago area and brings total number of jobs to more than 500. The SLSF acquisition adds to SS&G’s restaurant, health-care, real estate and nonprofit practices, the company said Monday.
SS&G celebrated its 25th anniversary in 2012; it was founded as a two-person accounting firm in Akron.
Investment office opens
The Jackson-Belden Chamber of Commerce today will help celebrate investment firm Legacy Investment Group’s new Whipple Avenue offices in Jackson Township.
The event is from 5 to 7 p.m. at 4067 Whipple Ave. NW, Suite A. The event is free. To register, go to www.jbcc.org or call 330-833-4400.
Children’s Hospital honored
Akron Children’s Hospital has been recognized for ranking among the top hospitals nationwide for electronic medical record implementation.
HIMSS Analytics, a not-for-profit subsidiary of the Healthcare Information and Management Systems Society, recently notified Children’s that it has achieved the second-highest level (Stage 6) on its EMR Adoption Model Scale.
As of December, about 440 hospitals nationwide had achieved the designation, according to Children’s.
The pediatric hospital has invested about $50 million in its electronic medical records, which went into operation about six months ago.
“This is a huge achievement and puts Akron Children’s in the top 10 percent of hospitals nationwide,” Tom Ogg, vice president and chief information officer, said in a news release.
Allstate changes advertisement
Allstate Corp. said it will remove from its advertising an image of a Sandy-ravaged home whose Staten Island, N.Y., owners have expressed unhappiness over their claims payment from the Northbrook, Ill.-based insurer.
The Traina family was offered $10,000 for damages to the place they’ve called home for 43 years, the couple told the New York Post last week. Then the home was used in an Allstate advertisement about how it takes care of its policyholders.
Traditional homeowners’ policies, such as those written by Allstate, don’t cover losses from flooding. For that, homeowners may buy coverage from the U.S. government’s National Flood Insurance Program.
The Trainas, who heeded evacuation warnings, told the Post that neighbors who stayed behind told them that wind gusts tore off their roof and toppled walls before the area was flooded. Allstate said the TV ad showed a “partial image” of the Trainas’ home.
Dow drops 51 points
Stocks closed lower on Monday, pulling the Standard & Poor’s 500 index down from the five-year high it reached last week. Investors are shifting their focus to corporate profits. The Dow Jones industrial average fell 50.92, or 0.4 percent, to 13,384.29. The Standard & Poor’s 500 index fell 4.58, or 0.3 percent, to 1,461.89. The Nasdaq composite index fell 2.84, or 0.09 percent, to 3,098.81. So far for the new year, the Dow is up 280.15, or 2.1 percent; the S&P 500 is up 35.70, or 2.5 percent, and the Nasdaq is up 79.30, or 2.6 percent.
Amazon.com Inc. surged to a record after Morgan Stanley said the company’s network of distribution centers will help its share grow in an expanding global e-commerce market. The stock advanced 3.6 percent to $268.46 Monday, the highest price since shares began trading in 1997. Morgan Stanley upgraded Amazon to “overweight” from “equal-weight” and maintained its $325 price estimate.
UBS making more cuts
UBS AG, Switzerland’s biggest bank, could cut another 2,000 to 3,000 jobs as it restructures operations, according to a research note by Deutsche Bank AG.
The Swiss bank might have to trim as many as 3,000 jobs by the end of 2013, wrote Matt Spick, a Deutsche Bank analyst, in a note to clients.
A spokesman for UBS in London declined to comment.
UBS said in October it will cut about 10,000 jobs and retreat from some of its trading businesses to boost profitability. UBS will focus more on its wealth-management business, the world’s second largest, to boost returns for shareholders.
Compiled from staff and wire reports