Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Check printer Deluxe to close three plants
ST. PAUL, Minn. (9/8/08)--Check printer Deluxe Corp. says it will close three manufacturing plants and a call center as a result of the slowing economy. The St. Paul, Minn.-based company also announced Wednesday it had reduced its third-quarter earnings forecast and adjusted its outlook for 2008 to include restructuring and other one-time changes (StarTribune.com and Winston-Salem Journal Sept. 4). It will close plants in Greensboro, N.C.; North Wales, Pa.; and Thorofare, N.J., and its call center in Thorofare. About 570 positions would be terminated by the end of the month. In July Deluxe reported a 9% drop in second-quarter net income. The announcement did not address the increasing trend toward consumers paying bills electronically at the expense of writing checks.


RSS print
News Now LiveWire
Hope FCU 'exceptional' in minority service: @GOBankingRates.com #NewsNow http://t.co/yp1JsKmGo0
4 hours ago
.@wpcu in the running for Dayton Brand Madness 2014 @DBJnews http://t.co/waOSDAGUtr
4 hours ago
.@NW_Banking looking for #creditunion entries for #CUFinLit contest to fund through http://t.co/E6GFvjd5XW
5 hours ago
#NewsNow: Fannie Mae, Freddie Mac consider VantageScore for alternate credit model. http://t.co/611II7AcKD
6 hours ago
Va. #creditunion league breaks ground on new HQ #NewsNow http://t.co/Cn24i1hOHV
7 hours ago