Friday, February 16, 2001

Morning Memo

Hot tips and news to start your business day

Today's number: 50-50

       Ford Motor Co. and Navistar International Corp. said they'll form a 50-50 venture to build medium-duty commercial trucks at a Navistar plant in Mexico. The vehicles will be sold under both brand names.

Today's career advice

       What are the symptoms of ineffective delegation? According to The Organized Executive by Stephanie Winston, they include frequent interruptions and inquiries from staffers; reverse delegation, when staffers send projects up to you; and a frequent need to redo substandard assignments.

        Also, an overflowing action box is not a good sign, and a frequent need to work late to catch up is another warning flag.

Today's money tip

        Saving for your children to go to college?, an investment news and advice site, suggests creating a tax-deferred tuition savings plan. You can stash as much as $100,000 tax-free — provided the money is used later for college-related expenses. Check with your state for specific guidelines.

Today's company: Kendle International Inc.

        • Investigation and Incubation: The company provides clinical research and drug development services on a contract basis to the pharmaceutical and biotechnology industries.

        • History: Dr. Candace Kendle founded Kendle International in 1981 with her husband and business partner, Christopher Bergen. The company's initial public offering on the Nasdaq Stock Market took place in 1997. Kendle employs about 1,500 research professionals in 13 countries, including China and Taiwan.

        • Developing Human Potential: Through its educational arm, Kendle College, the company provides a broad range of professional development opportunities for its own employees as well as for individuals in the pharmaceutical regulatory and clinical research fields.

        • Latest Success: Kendle was part of the development team that produced Celebrex, a recent arthritis drug.

Today's Career Move

        Ed Osofsky has been appointed president and chief executive officer at Bethesda Foundation Inc. Mr. Osofsky has more than 25 years' experience in health-care fund raising. He comes to Bethesda Foundation from Christus Spohn Development Foundation — Christus Spohn Health System in Corpus Christi, Texas, where he was executive director for 12 years. He graduated from New York State University at Plattsburgh with a bachelor of science degree.


Casino cuts jobs, table games
Whispers can wound corporate giants
Court reopens P&G's lawsuit against Amway
Layoffs are first in Dell's 16 years
Thrill rides coming for kids
Earnings: Kendle reports loss for 2000
Food banks cash in on surplus of potatoes
Industry notes: Manufacturing
Investors buying hard-up Loews
Business Digest
- Morning Memo
Tristate Business Summary
What's the Buzz?