Business Briefs - Aug. 12, 2014

Georgia under average for multiple occupations

WASHINGTON — Georgia is significantly below the national average in term of members of the employed work force who hold more than one job, according to data released Monday by the Bureau of Labor Statistics.

For 2013, Georgia had 3.5 percent of its working individuals who held down more than one job. That was down four-tenths of a percent from 2012 and was 1.4 percent below the national average of 4.9 percent, the bureau reported. As w ehole, the South Atlantic region in which Georgia is located also was below the national average.

The West North Central region that starts at Kansas and Missouri and stretches north to Minnesota and North Dakota had the highest regional percentage of people holding multiple jobs, 7.5 percent. South Dakota was highest among the 50 states at 8.9 percent, down from 9.5 percent in 2012 and barely nudging out Vermont, 8.8 percent.

Florida was the state with the lowest percentage of its active workers with multiple jobs — 3.4 percent. The lowest region was the West South Central (Texas, Arkansas, Oklahoma and Louisiana) at 4.1 percent, according to the Labor Statistics report.

PruittHealth rebrands its companies

CORDELE — United Hospice, which has a center in Cordele, has been renamed Pruitt Health Hospice after its parent company, UHS-Pruitt Corporation, changed its name to PruittHealth.

PruittHealth also changed the names of its family of providers and has modified company branding to achieve a more unified image for its array of health care services.

“We recognized that, as we have grown over the years and added more and more services, it became increasingly difficult to communicate to our customers that we offer an integrated model of health care and support services.” Neil L. Pruitt Jr., chairman and CEO of PruittHealth, said. “With this rebranding, we hope to eliminate confusion and strengthen our synergy.

“By streamlining the names of our service lines and offering a clearer picture of what we do, we are strengthening our identity. We’ve always stood for quality, and we always will. The PruittHealth brand will help us to amplify that, and clearly articulate our comprehensive model of care to our customers and referral sources.”

Stock markets closes on high note again

NEW YORK — U.S. stocks ended higher on Monday, extending the rally from Friday as investors hoped that Russia’s move to send humanitarian aid to Ukraine would ease tensions between the two countries.

Earlier in the day, NATO chief Anders Fogh Rasmussen warned of a “high probability” that Russia, using the guise of a humanitarian mission, could intervene militarily in Ukraine. Ukraine has also said that, contrary to Russian reports of de-escalating, Russia has massed 45,000 troops on its border.

Investors did not seem fazed by the reports. The Market Vectors Russia Exchange-Traded Fund, which gives investors exposure to publicly traded companies based in Russia, gained 1.43 percent.

“It seems like U.S. investors who are taking a risk on Russian equities don’t deem NATO’s statement as a legitimate concern,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

Investors with money in Russian equities seem to be “taking Russia’s actions at face value, and not interpreting it as a cover for military action,” he said.

Gains were broad, with eight of the S&P’s 10 primary sector indexes ending higher for the day. Consumer staples shares posted the highest increases as the sector’s index gained 0.8 percent, while energy and utilities shares dragged.

Stocks also climbed after the United States continued air strikes against Islamic State militants in northern Iraq over the weekend and as Israeli and Palestinian negotiators resumed indirect talks mediated by Egypt on Monday.

The Dow Jones industrial average rose 16.05 points, or 0.10 percent, to end at 16,569.98, still below its close at the end of 2013. The S&P 500 gained 5.33 points, or 0.28 percent, to finish at 1,936.92. The Nasdaq Composite added 30.43 points, or 0.70 percent, to close at 4,401.33.

This rebranding campaign includes a new logo and website. The company has been in business since 1969.