Ex-workers can apply for aid
Laid-off employees of Verizon Business Network Services Inc.'s Service Assurance Department in Tulsa have been ruled eligible for income support, relocation and job search allowances, health coverage tax credits and possible retraining under the federal labor department's Trade Readjustment Assistance program. Eligible workers include those who became totally or partially separated from employment on or after March 28 through May 15, 2014, and all workers in the group threatened with total or partial separation from employment on May 15 through May 15, 2014. Separated employees who want to apply for aid should contact their nearest Workforce Oklahoma Center at (888) 980-9675.
Sales group assesses damage
Houston-based Group 1 Automotive Inc. is assessing storm damage at seven of its eight Oklahoma City dealerships, the company announced Thursday. Preliminary assessments indicate there is damage to some facilities and most of the new and used vehicles at those dealerships. The affected locations remain open for business, despite limited sales operations. Group 1 estimates it could incur up to $2.3 million in after-tax charges related to insurance deductibles.
Educational Development Corp.
TULSA — Educational Development Corp., a seller of children's books, boosted its fourth-quarter and full-year earnings, the Tulsa company reported Thursday. In the fourth quarter, Educational Development booked net earnings of $269,000, compared with $12,900 in the same period a year earlier. For fiscal year 2012, the company recorded net earnings of $1.4 million, compared with $1.2 million in the previous year. Educational Development's directors have authorized a 12 cent per share cash dividend to be paid June 22 to shareholders of record as of June 8. Educational Development sells children's books through a multilevel sales organization of independent consultants, through 5,000 retail stores and over the Internet.