Wednesday, July 31, 2002
Morning Memo
Hot tips and news to start your business day
Today's Number: 50.2%
Philip Morris' total retail cigarette market share in the second quarter, down 0.7 points from the same period last year, while its share of the premium end rose 0.6 points to 62.1 percent.
The Associated Press
Today's Mover
Thomas D. Hazelbaker has been named president of the regional accounting, tax and consulting firm Clark, Schaefer, Hackett & Co. Mr. Hazelbaker has been with the firm since 1980 and has 30 years of public accounting experience.
Shirley Dees
Today's Career Talk
Business is a lot like life, says Marion Luna Brem, author of The Seven Greatest Truths About Successful Women. You know you care about somebody if they have the capability to hurt you.
You feel good when a client calls you and asks you to double his order, she says. You feel hurt when a client calls you to cancel or doesn't place an order. ... If you ever become so callous that losing business is no big deal, face it: It's quitting time.
John Eckberg
Today's Money Tip
In picking a mutual fund, don't just choose the one that had the best return or had the most stars in the rating system last year. Look at the fund's long-term performance and at the tenure of its manager. A veteran manager with a history of consistent performance is more likely to produce reliable returns.
Amy Higgins
Today's Company: XPEDX
Delivery Specialists: The Covington-based distribution subsidiary of International Paper focuses on retail business as well as publishing and several aspects of manufacturing. The company sells plastics, films, paper, packaging products, imaging services and prepress equipment and supplies.
Living Large: The company employs about 9,500 people, distributes its merchandise through more than 100 centers and 160 retail stores nationwide, operates about 1,300 delivery trucks and fills 10 million square feet of warehouse space.
The Web Wishbook: Two years ago Xpedx launched its ordering Web site, xpedx.com. Customers can now have orders filled 24 hours a day, seven days a week.
Delivering Revenues: Annual sales top $6 billion.
Jenny Callison
Builder sued for debts of company
WCPO offered $7.5M to move
Cincinnati Machine aids jet builders
Heat demands push Cinergy to record peaks
Chiquita starts full rehab
Industry notes: Banking 5/3 boosts stock service on P&G deal
Consumers show nervousness
Vanguard Airlines suspends operation
Business Digest
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