Tuesday, January 29, 2002

Morning Memo

Hot tips and news to start your business day

        Today's Number: 42 - Percentage of Americans who think executives of Enron Corp. did something illegal, triggering the energy company's collapse, according to a recent Gallup Poll.

        Today's Mover: Gail Denise has been named chief operating officer/vice president of operations for Hilltop Basic Resources Inc. Ms. Denise will be responsible for all ready-mix and aggregate plants in Dayton, Cincinnati and Indiana. She was executive vice president with Olsten of Cincinnati. She graduated from Miami University.

        Today's Career Talk: Tom Jones, CEO and chairman of Global Investment Management, says find time to just think. In Take a Lesson: Today's Black Achievers on How They Made It & What They Learned Along the Way by Caroline V. Clarke, he says: “You're down to maybe two hours a day that you can say is just "your' time. I really enjoy taking that time to reflect, to just think. You just need quiet time.” Today's Money Tip: Before hiring a financial adviser, be sure you know exactly how he or she is making money. Which method is better for you may depend on your needs and assets. Advisers have four primary means of income (sometimes using a combination): commissions, including mutual-fund loads, annual service payments on annuities and insurance policies and transaction fees; fees based on percentage of assets; fees based on an hourly rate; or a flat fee for a one-time financial plan.

        Today's Company: CAE RANSOHOFF

        TUMBLING TO IT: Founded in 1916 in Hamilton, the company specializes in water-based cleaning technology for machine parts. It was his observation of a masonry worker tumbling his encrusted tools clean in an empty cement mixer that inspired founder Nathan Ransohoff to design a drum washer that cleaned and deburred manufactured parts.

        CLEAN MACHINES: The company designs and builds a variety of cleaning equipment for its customers. Some of the machines are as small as a home dishwasher; others are several hundred feet long.

        DEAL-MAKERS: Ransohoff is owned by CAE Inc. in Canada. However, a Ransohoff management team is negotiating its purchase from CAE.

        CLEANING THE ENVIRONMENT: Ransohoff's triple-action Immersojets have helped manufacturers make the transition from solvent-based cleaning to aqueous cleaning, which is more environmentally friendly.

        Send tips and questions to Bill Ferguson at bferguson@enquirer.com


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