Sunday, December 30, 2001

Tristate by the numbers


Home-grown statistics help tell the story

        Business wouldn't be business without numbers — and you can't judge 2001 without looking at some of the numbers: an unprecedented 11 interest rate cuts, a 25 percent rise in public company bankruptcies, a $1.3 billion tax cut package.

        A look at some of the more home-grown numbers that made 2001 what it was:

        • 3: Number of bidders for Baldwin Piano & Organ Co. in a bankruptcy court-supervised auction in October. GE Capital Corp., Baldwin's largest creditor, was deemed the successful bidder with an offer of $17 million and subsequently sold Baldwin to Gibson Guitar Corp., one of the unsuccessful bidders. Boston liquidator Gordon Brothers was the other unsuccessful bidder.

        • $4 billion: Yearly sales expected by Procter & Gamble and Coca-Cola before the two companies scuttled their February deal to package P&G's Pringles and Sunny Delight with Coke's Minute Maid.

        • 27.8: The percentage of automobile dealers who predicted a decline in dealership profit in 2001, according to a survey by the National Automotive Dealers Association. It was the highest rating of negative sentiment since 1991.

        • 42 cents: The closing price of Chiquita Brands International Inc. stock Nov. 15. That would pay for one banana, and compares to an all-time high of $50 per share in 1991.

        • $44: The price of a box of Crest Whitestrips. It's the most promising new product at Procter & Gamble Co., and a symbol of P&G's spread into more health and beauty products.

        • 52: The number of executives from Greater Cincinnati's 100 biggest privately owned companies who consider parking as a problem to doing business in downtown Cincinnati. Local government, with 46 votes, was the second-worst impediment, following by race relations with 41, according to an Arthur Andersen poll.

        • $13 million: The minimum estimate of wages lost by Comair pilots during their 89-day pilot strike.

        • $320 million: The minimum estimate of revenues lost by Delta Air Lines as a result of the strike at subsidiary Comair.

        • $16,000/$21,000: Annual salary for a first-year Comair pilot before and after the strike.

        • 13,000: Jobs eliminated by Delta Air Lines in response to the effects of the Sept. 11 attacks.

        • 11,000: Delta jobs eliminated through voluntary programs such as leaves, retirements and severances.

        • 120,316: Pounds of thrust generated by GE90-115B engine, a world's record, during initial testing of the huge new engine at GE Aircraft Engines' Peebles test facility in November.

        • 28 million: Amount of dollars rival Diebold Inc. paid to acquire assets of Hamilton's former Mosler Inc., which shut down suddenly in August after 134 years of operation — putting 1,500 out of work.

        • $49 million: Amount that Procter & Gamble Co. agreed to pay to settle a lawsuit by shareholders claiming that the company's management misled them just before an earnings and stock crash in March 2000.

        • 75 million: The number of HGTV subscribers by end of 2001 — a 14 percent increase from the 66 million subscribers in January 2001. HGTV is the category cable television network owned by the Cincinnati-based E.W. Scripps Co.

       



Tristate gropes to regain economic footing
Big year for big names
Interest rate cuts unprecedented
- Tristate by the numbers
Comair still on comeback
Directions changed for local start-ups in 2001
Two local firms maintain pace
Business Notes
Entrepreneurs
Listings of stocks, mutual funds to expand