Tuesday, June 18, 2002

Morning Memo

        Today's Number: 270 — Financial restatements by public companies in the United States last year, more than double the number in 1997, Huron Consulting Group of Chicago said.


Today's Mover

        Basil Balian has joined A.M. Kinney Inc. as project director. He has more than 35 years of industrial experience, and graduated from the University of Toledo with a bachelor's in mechanical engineering.

        — Shirley Dees


Today's Career Talk

        Do you want to send positive signals to an audience? Whatever you do, do not fold your arms or bury your hands in your pockets, says Arch Lustberg, author of How to Sell Yourself: Winning Techniques for Selling Yourself ... Your Ideas ... Your Message.

        “The position a lot of people find least comfortable is standing with their hands at their sides. Interestingly and unfortunately, this is the most comfortable position for the audience to see,” he says. “It looks natural and it sends the most friendly, open, personable signals.”
       — John Eckberg


Today's Money Tip

        Selling your home? Don't forget that capital gains rules changed in the late 1990s. It no longer matters if you roll your proceeds into a new home. Now, individuals are allowed a tax-free profit up to $250,000 — and couples up to $500,000 — as long as they have lived in the house for two of the last five years.
       — Amy Higgins


Today's Company


        STAYING SHARP: After eight years in Reading, this company has relocated to a new and larger plant at 6 Kovach Drive in Lockland Commercial Park. Johnson Precision provides industrial tool sharpening and custom tool design and manufacture for about 200 machine shops in Greater Cincinnati.

        HEADSTRONG: Although the company can produce a variety of tools, owner Scott Johnson and his employees specialize in service for production drilling jobs, such as cylinder heads for diesel engines. Sales volume has doubled in the past three years.

        GOING THE DISTANCE: Johnson Precision services some production lines that are almost a quarter-mile long.

        CUTTING EDGE CUTS: Through creative design, the company can make indexable cutting tools that allow standard cutting inserts to produce unusual custom profiles, doing in one cut what would normally require several steps.
       — Jenny Callison


Nestle dips into Dreyer's
U.S. money may get more whimsical
Midland stock rises on news of split
Brash, prickly CEO out at Quest
Detroit loses appeal on casino licensing issue
Free smokes, thanks to big tobacco
Jobless benefits set to run out yet again
McDonald's forecasts gains in second quarter
Sears acquires clothing seller
Andersen a lead-in for Enron
Top Enron employees reaped $744 million
Beijing closes Net cafes after fire
Business Digest
Tristate Summary
- Morning Memo
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