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February 06, 2012

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Wills & Trusts News

U.S. Labor Department Announces $4.4 Million Grant To Assist Mississippi Workers

The U.S. Department of Labor today announced a $4,433,754 grant, with an initial release of $1,477,077, to provide employment-related assistance to approximately 1,200 workers who lost their jobs as a result of the closing of the Sara Lee Industries facility located in West Point, Miss.

"This $4.4 million grant will provide these dislocated Mississippi workers with skills training and other reemployment services to help them find new jobs in growing industries," said Secretary of Labor Elaine L. Chao.

In January 2007, Sara Lee Industries announced that the West Point facility would be shut down permanently as of March 30. On February 20, Rapid Response activities were conducted to inform affected workers about assistance available through the public workforce investment system. Read more at dol.gov.

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	News Room
	U.S. Department of Labor’s June Employment Report “Today’s employment report from the Labor Department shows that for the 34th consecutive month, the economy continues to expand and create job oppo... Read more > Unemployment Insurance Advisory Council EAU CLAIRE – The public is invited to comment on and to suggest improvements to Wisconsin’s Unemployment Insurance (UI) program at a public hearing... Read more > U.S. Labor Department Halts Rockville PHILADELPHIA – The U.S. Department of Labor has obtained a temporary restraining order that freezes the assets of Plan 3 Inc. and Plan 3 Technologi... Read more > More News >

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Dividend

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Money earned on stock holdings; usually, it represents a share of profits paid in proportion to the share of ownership.

Over-the-counter

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Figurative term for the means of trading securities that are not listed on an organized stock exchange such as the New York Stock Exchange. Over-the-counter trading is done by broker-dealers who communicate by telephone and computer networks.

Securities

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Paper certificates (definitive securities) or electronic records (book-entry securities) evidencing ownership of equity (stocks) or debt obligations (bonds).

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