Thursday, October 2, 2003

Morning memo

News and tips to start your business day

Today's number: 600,000-plus

How many new Golfs that Volkswagen AG, Europe's largest carmaker, expects to sell next year, with 20 variations on the new model being sold; since 1974, it has sold more than 22 million Golfs.

Bloomberg News

Today's career talk

Can't wait to get a new car to impress a cadre of clients and customers? Maybe it's time to think twice, Dave Ramsey says in The Total Money Makeover: A Proven Plan for Financial Fitness: "A new, $28,000 car will lose about $17,000 of value in the first four years you own it. To get the same result, you could throw a $100 bill out the window once a week during your commute."

John Eckberg

Today's mover

Keith Hall has been named senior associate at MSA (Michael Schuster Associates Inc.), a Cincinnati-based architectural design firm. Hall has been with MSA since his graduation from the University of Cincinnati in 1990. He served as design consultant to the Cincinnati Reds during the design and construction of Great American Ballpark. He is currently serving as project manager and construction coordinator for the Cincinnati/Northern Kentucky International Airport's Concession Re-Leasing Program.

Shirley Dees

Today's money tip

Life insurance commercials are a fixture on television. But the best insurance plan and cost information actually may be found on the World Wide Web.

The Web has become a useful tool for life insurance comparison-shopping and learning about the differences between different types of insurance. If you'd like to look into purchasing life insurance or just get the facts about what a plan entails, check out The insurance comparison-shopping site offers a life insurance estimator.

Knight Ridder News Service

Today's Company: Gtc Foodservice Inc.

A Taste For Specialties: In December 1985, Richard and Bella Nomberg Golden established Golden Touch Catering. The next month, they bought The Chafer Caterer and spent 15 years catering special events and providing food for movie crews, prominent visitors and well-known entertainers. In 1993, the company expanded into food service management and operations under the name GTC Foodservice. Three years later, it opened GTC Bakehouse Bread & Provisions in Montgomery.

Focus On Food Service: The Chafer Caterer was sold in 1999 so the company could devote more time to its food service operations and bakery division. Last December the corporate name was changed to GTC Foodservice, Inc. The family-owned company now manages and operates food service for numerous institutions, including four schools and one retreat facility in the Cincinnati area. It employs between 40 and 50 people full time and is based in College Hill.

Variety Is The Spice: Institutional menus are planned on a three-week cycle, seasonally adjusted, and can take special diets or ethnic preferences into consideration.

Jenny Callison

Ashland eliminates 500 jobs
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Local agents and brokers say they will observe no-call list
30-year mortgage is below 6% again
AK Steel to meet environmentalist
NLRB judge rules against Bigg's
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Tristate summary
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