Business Notebook: Quincy Area Chamber, HQBD annual meetings set for this month

Posted: Jan. 9, 2013 12:34 pm Updated: Jan. 31, 2013 9:15 pm

Herald-Whig Senior Writer

Two Quincy business organizations have annual meetings coming up this month.

The Quincy Area Chamber of Commerce will hold its annual Business Hall of Fame ceremony starting at 11:30 a.m. Wednesday, Jan. 16, at the Ambiance. This year's inductees will be Andy Nickelson, Gus Traeder, the late Bernie Willer and the late William Frederick Gerdes Sr.

The Historic Quincy Business District's annual meeting and recognition dinner will begin with a social hour at 5:30 p.m. Wednesday, Jan. 23, in the Quincy Senior and Family Resource Center, 639 York. The HQBD gives out a Business of the Year Award and a New Business of the Year Award, and generally honors volunteers and business leaders.



An Iranian lawmaker said revenue from oil and gas exports are down 45 percent because of international sanctions over Iran's nuclear program. OPEC reports that Iran was able to export about 1 million barrels a day last year, down from 2.4 million barrels per day in late 2011. ... The Internal Revenue Service reports that 119 million taxpayers filed returns electronically last year, representing 81 percent of filers. ... Employers added 155,000 jobs in December. Business leaders said growth in the face of the fiscal cliff is positive news. Cynics say it will take seven years to bring unemployment to prerecession levels at that rate of hiring. ... U.S. gun sales range from $3 billion to $3.5 billion a year. Some industry experts expect record sales in 2013 after a record 2.8 million background checks were performed by the FBI in December, up from the previous record of 2 million the previous month. ... Netflix stock jumped last week after an agreement with Warner Bros. to stream shows such as "The West Wing," "Fringe" and "Revolution." ... HBO has announced an exclusive 10-year deal with Universal similar to previous deals with Fox, WB and Summit that will give the subscription TV service the right to keep certain content off Netflix and other competitors. HBO Go also is being offered for $15 a month for people who have an existing cable TV subscription, and HBO is experimenting with a subscription-only streaming service in Scandinavia. ... HTC, a mobile phone manufacturer from Taiwan, saw net profit drop 90 percent in 2012 compared with the previous year. Apple and Samsung phones have dominated the market where HTC competes.


The good

U.S. unemployment fell below 7 percent in 192 of the nation's 372 largest cities, and the rate fell to 5 percent or below in 52 metro areas, according to the U.S. Labor Department.


The bad

Eurozone unemployment rose to a new high in November, hitting 11.8 percent after an October report of 11.7 percent. The European Union has an estimated 18.8 million people unemployed, up 2 million from a year earlier.


The ugly

Cybercriminals are expected to target mobile payment systems this year, hacking into systems that let smartphone users treat their high-end phones as payment devices, according to Jupiter Networks.

Quote of the Week

"If the economy performs well in 2013, the committee will be in a position to think about going on pause."

-- James Bullard, president of the St. Louis Federal Reserve, on whether bond buying might be halted soon