Tuesday, October 7, 2003

Morning memo

Today's number: Up to 195

Stores that Wal-Mart Stores Inc., the world's largest retailer, plans to open in the United States next year, with plans to replace or expand another 160; globally, it plans 100 to 110 new stores.

Today's career talk

When the pace of work gets too fast, when things are too emotional, pause before any action, says Chris and Reina Komisarjevsky, authors of Peanut Butter and Jelly Management: Tales from Parenthood, Lessons for Managers. "When in doubt, sit it out," the authors contend. "The last thing you want to do is go blindly down a patch when all the warning signs are there and you are simply moving too fast to pay attention."

Today's mover

James Kroeger has been named director at Deloitte & Touche LLP. Kroeger, CPA, assurance and advisory services, helps lead a number of client engagements for the Cincinnati office, including services to companies in financial services-insurance and health care. He has a master's degree from Xavier University and a bachelor's degree from the University of Cincinnati. He has been appointed to the Hamilton County Tax Levy Review Committee and also serves as an adjunct accounting instructor for the College of Mount St. Joseph's Master of Science in Organizational Leadership program.

Today's money tips

An annuity is one method of saving designed to generate future retirement income. But understanding how annuities work is not always easy. There are different types of annuities and tax rules that accompany them. To help sort out questions about annuities, several Web sites offer a range of information. If you're interested in this retirement income option, you might want to visit U.S. Consumer Information Center at http://www.pueblo.gsa.gov/cic_text/money/annuity/annuities.htm. It explains different annuity types and options, with key questions section.

Today's company: Ohio Truck Equipment Inc.

ON A ROLL: The company that Isadore Revelson started in 1916 sold used trucks and truck parts. Isadore's eldest son, Melvin, joined Ohio Truck & Parts Co. in the mid-1940s; youngest son, Howard, came aboard in 1947. Requests for new dump bodies on used truck frames eventually caused the company to become a distributor for a manufacturer of dump bodies and related equipment. Distribution rights for other types of truck bodies followed.

BODY BUILDERS: Now called Ohio Truck Equipment Inc., the business is owned and operated by the third generation of the Revelson family. It sells and installs all kinds of truck bodies, from utility to liftgate to flatbed, as well as snow removal equipment. Customers include truck dealers, municipalities, leasing companies and end users throughout the Tristate.

MATCHMAKING: In 1981, Ohio Truck became a chassis pool for the Ford Motor Co., providing new Ford truck chassis to dealers across the country, and adding the truck body specified. The St. Bernard company represents the products of more than 20 manufacturers.

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