Bunzl unit in Hicksville to lay off 30

 

 

Long Island

 

 

 

Bunzl unit to lay off 30

 

The Hicksville location of Bunzl PLC, a London-based distribution company, is closing its warehouse and will lay off 30 employees, according to a state regulatory filing. The warehouse operations of Bunzl New York, one of more than 100 such locations in the United States, Canada and Mexico, will be consolidated into two New Jersey operations, said a spokesman for Bunzl Distribution USA, the U.S. headquarters in St. Louis. Some of the laid-off workers will be offered jobs in New Jersey, the spokesman said; he didn't say how many. The 22 remaining Long Island employees will work in sales and administration. The layoffs will take place during August, the notice said. The company distributes to retailers such products as shopping bags, register paper, janitorial supplies and visual display props, its website says. -- Carrie Mason-Draffen

 

 

NATION

 

 

 

Business loan criteria eased

 

U.S. banks eased standards and terms on loans to businesses as commercial lending led a credit thaw, according to a Federal Reserve survey. "Domestic banks, on balance, reported having eased their lending standards and having experienced stronger demand in several loan categories over the past three months," the central bank said in its quarterly survey of senior loan officers released Monday. The percentage of banks easing standards for business loans was described as "relatively large." Banks that eased standards for business loans "generally cited increased competition for such loans as an important reason for having done so," the survey showed. -- Bloomberg News

 

 

Airline oversight 'falls short'

 

The government's oversight of hundreds of domestic and overseas repair stations that service U.S. airliners is ineffective and doesn't target the factors most likely to present safety risks, the Department of Transportation's inspector general said Monday. The Federal Aviation Administration's supposedly risk-based safety inspection system "falls short of being truly risk-based," especially for foreign repair stations, a report by the inspector general said. To save money, U.S. airlines have increasingly outsourced their aircraft repair and maintenance to repair stations in countries where labor rates are cheaper. The FAA annually inspects 559 repair stations worldwide. -- AP

 

 

U.S. casino revenues up in 2012

 

Things are looking up for most of the nation's commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America's nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. It marked the second-highest total ever, second only to 2007 when casinos took in $37.5 billion just before the Great Recession hit. There were 513 commercial casinos last year, up from 492 in 2011. Las Vegas remains the nation's top gambling market, with more than $6.2 billion in revenue last year. The AGA's figures do not include Indian casinos, which took in $26.1 billion in 2011, the last year for which figures are available, according to the National Indian Gaming Commission. -- AP

 

 

WORLD

 

 

 

Trump plans golf site in Dubai

 

Donald Trump plans to extend his golfing empire to the Middle East, opening a course in the desert outskirts of Dubai in the latest sign the emirate's crisis-hit property market is recovering. The Trump International Golf Club will be the centerpiece of a project being developed by DAMAC Properties that includes a luxury residential community, hotels, spa and international schools. It is being developed on land purchased from Dubailand, a much-hyped project that included a $1-billion Tiger Woods golfing estate. The Woods project was shelved due to the economic downturn. -- AP

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