Business briefs: Ohioan dies on work site


Man electrocuted

at construction site

HEATH, Ohio— Fire officials say a central Ohio man has died after he was electrocuted at a construction site.

Heath Fire Department Captain Warren McCord says 24-year-old James Wolfe was electrocuted shortly before 3 p.m. Thursday at a construction site in Heath, east of Columbus.

McCord says Wolfe, of Newark, was an electrician. He says Wolfe had been working on a scissor lift and doing electric work when the incident occurred.

Officials say Wolfe was in cardiac arrest when first responders arrived. He was then taken to a nearby hospital, where he died.

JC Penney

adding jobs

In anticipation of a busy back-to-school season and a growing need for fast online customer service, J.C. Penney plans to add workers at its customer-care center in Columbus.

Over the next six months, the company plans to hire about 540 people to work at its operations at 5555 Scarborough Blvd., near the site of the retailer’s former outlet store. About 1,250 employees work at the facility in a variety of roles.

Employees are needed for a variety of online customer-service positions, such as social-media and email responses, in addition to traditional telephone customer service, a spokesman said.

Cardinal Health

aquires company

DUBLIN, Ohio — Cardinal Health will spend about $1.12 billion to buy pharmaceutical distributor The Harvard Drug Group in a deal that aims to build its generic and over-the-counter drug businesses.

Cardinal said Friday that its purchase of the privately-held company based in Livonia, Michigan, will provide it with specialized packaging to help supply hospitals and other institutions. Cardinal says it will use cash and borrowing to buy the drug distributor, which is owned by Court Square Capital Partners.

The Harvard Drug Group brought in about $450 million in revenue last year.

The deal comes a week after health care giant Johnson & Johnson accepted Cardinal’s $1.94 billion offer to buy its Cordis heart devices unit.

Wal-Mart keeps

it in the family

Greg Penner, vice chairman of Wal-Mart Stores Inc.’s board of directors, has been elected board chairman, the company said Friday.

Penner succeeds Rob Walton, who served as chairman of the board since 1992 and will stay on as director. Walton, 70, is also Penner’s father-in-law and son of company founder Sam Walton, who died in 1992.

The 45-year-old has an master’s degree from the Stanford Graduate School of Business and a bachelor’s degree from Georgetown University. Penner began his career as a corporate finance analyst for investment bank Goldman Sachs and later served as a general partner at Peninsula Capital Partners in Detroit.

In 2005, he founded Madrone Capital Partners, a private investment firm that is affiliated with Rob Walton and other family members.

He also has a long history with Wal-Mart, first as a management trainee and later holding positions at and Wal-Mart Japan. He joined the company’s board of directors in 2008.

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