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Friday, June 28, 2002

Morning Memo


Hot tips and news to start your business day

Today's Number: $1,212

       The average pretax net income for making a home loanin 2001, compared with a net loss of $37 per loan in 2000, according to the Mortgage Bankers Association of America.

— Bloomberg News

Today's Mover

        Michael R. DeHart has been named assistant vice president and director of portfolio accounting for Eagle Realty Group, a full-service commercial real estate and investment services firm. He joined the company is 1998.

— Shirley Dees

Today's Career Talk

        When you have equal but stiff competition, do not focus to the foe's approach, suggests author Bil Holton in the book Leadership Lessons of Ulysses S. Grant: Tips, Tactics and Strategies for Leaders and Managers. When Grant went into a fight with equal numbers, he seemed pretty certain to win, said journalist Horace Porter. “The chief reason why he was more successful than others was that while they were thinking so much about what the enemy was going to do,” Mr. Porter says, “Grant was thinking all the time about what he was going to do himself.”

— John Eckberg

Today's Money Tip

        One way to gauge if a company has confidence in its own earning power: It regularly increases its dividend. The dividends are actual cash payments to shareholders — cash that leaves the company. Executives feeling squeamish about the future wouldn't likely be so generous.

— Amy Higgins

Today's Company: Domicile Realtors

        A Family Affair: Founder Winford Taylor estimates that Roselawn-based Domicile has sold between 2,500 and 3,000 houses in its 23 years of business. The firm employs Mr. Taylor's wife, Charlette, and recently expanded to include the couple's daughter, Brandy Taylor Sherman, twin sons Brent and Brian, and nephew Jameen Willis.

        A Man Of Influence: Winford Taylor was the first African-American to make the Cincinnati Board of Realtors' Million Dollar Club, achieving that distinction in 1983. He's celebrating his 20th year as a member of that top sales group, now called the Circle of Excellence. In 1996, Mr. Taylor received the Imagemaker Award. He was recently recognized by the Business Courier as one of Cincinnati's Best Salespeople — the only African-American on the list.

        Increasing Home Ownership: Many of Domicile's clients are first-time home buyers. The company has worked with the Home Center and has promoted a variety of innovative financing initiatives that make it possible for lower-income Cincinnatians to buy their own homes.

— Jenny Callison

       



WorldCom clobbers state pension funds
WorldCom execs subpoenaed
Firstar is changing name, again
Peoples asks judge to release home liens
Economic recovery zooms, then stalls
Kmart's new boss thanks faithful
New scandal keeps heat turned up on Andersen
F&W to purchase Krause
Toyota's North American president returning to Japan
Business Digest
Industry notes: Manufacturing
Tristate Summary
- Morning Memo
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