Tuesday, October 23, 2001
Morning Memo
Hot tips and news to start your business day
Today's Number: 200 million - Tablets of the antibiotic Cipro that Bayer Corp. expects to deliver in the next three months as it begins producing the drug around the clock in the wake of the anthrax scare.
Today's Mover: J. Lajuana Miller has joined Downtown Cincinnati Inc. as vice president of small business development. Ms. Miller will be responsible for recruiting, retaining and growing small businesses downtown, with a special focus on women- and minority-owned businesses. She owns CRA Solutions Inc., a consulting firm that specializes in special-event production, and is co-owner of JLG Tours Inc., which conducts Underground Railroad tours.
Today's Career Advice: The difference between losing and winning once basic talent is on board is often found in team-building, says author Ed Paulson in Inside Cisco: The Real Story of Sustained M&A Growth. There is a lot to be said for the "common vision approach' to management being the most effective, most enlivening method of business management, Mr. Paulson says. People's lives change when they experience working with a group of people that truly functions as a team.
Today's Money Tip: Economists say the recent slowing of housing price growth doesn't presage a collapse of the housing market. Unlike buyers of technology stocks during the late 1990s, home buyers understand houses and the benefits they expect to derive, they say. Further, long-term mortgage rates remain near 7 percent, and unemployment is still under 5 percent.
Today's Company: The Lykins Companies
FROM FARMING TO FUEL: When tenant farmer Guy Bandy Lykins was deprived of his livelihood in 1948, he got a $750 loan to reopen an abandoned White Rose service station in Newtonsville. The business prospered, and sons Don and Guy Jr. helped diversify the enterprise, establishing Lykins Heating and Oil Co. and later, Lykins Sales and Service, a lawn equipment dealership.
DIVERSIFICATION: Lykins, currently in its third generation of family management, now owns D&L Leasing, Friend's Convenience Stores, a home heating oil company and a petroleum transport company. It also supplies branded petroleum products to franchise service stations.
FUELING GROWTH: This Milford-based enterprise is one of the 100 largest privately held companies in Greater Cincinnati.
Send tips and questions to Bill Ferguson at bferguson@enquirer.com
Synchrony software firm sold
Casinos revenue dropped in September
Internet industry backs filtering system
War bonds near approval
Pratt & Whitney takes show on road
Duramed posts record income
Valvoline helps push Ashland to record year
Oh, Big Boy: Frisch's has record sales
NS Group Inc. reports loss
Tristate Summary
What's the Buzz?
Bulk e-mail may grow from mail-handling fears
Postal Service to seek aid Congress
Disney asks workers to cut back jobs
Leading indicators nosedive
Lexmark to cut as many as 1,600 jobs
Morning Memo
Tank maker, union reach deal to end strike