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Thursday, May 03, 2001

Morning Memo


Hot tips and news to start your business day

Today's number: 17,554         Job cuts in April at U.S. companies that sell goods and services over the Web — 84 percent above March levels and 3 percent above the record set in January, according to Challenger, Gray & Christmas Inc.

Today's mover

        Dennis Braun has been named the Southwest Ohio technology leader for the assurance and business advisory services practice of PricewaterhouseCoopers. Mr. Braun, based out of Cincinnati, will lead a group of more than 35 audit, tax and business advisory professionals in Cincinnati and Dayton. He has 14 years of public accounting experience. He will oversee all client-service initiatives, business-development pursuits and personnel matters affecting technology, InfoComm, entertainment and media companies. He also serves as the firm's Midwest regional leader.

Today's career advice

        Be a chameleon and don't worry about anybody noticing.

        That is what author and consultant Bruce Tulgan advises.

        In his book Work This Way, Mr. Tulgan pointed out that the best workers are flexible and adapt well to changing circumstances. Focus on them for positions of opportunity.

Today's money tip

        A self-directed brokerage account is offered, is going to be added, or is under consideration at more than half (55 percent) of employers surveyed by Hewitt Associates, a global management consulting and employee benefits delivery firm.

        “This surge in interest shows that employers are responding to employee demand for ultimate investment choice and control,” said Stacy Schaus, defined contribution consultant at Hewitt.

        “At the same time, the brokerage option takes pressure off the employer to continually add the next "hot fund' or investment category.”

Today's company: General Cable

        Many choices in cable: General Cable designs, makes, markets and distributes copper, aluminum and fiber optic wire and cable .

        Making historical connections: In its 150-year history, this company has supplied the telegraph wire used by Samuel Morse to link Washington and Baltimore in 1884 and provided the power cable that runs between Hoover Dam and Los Angeles. General Cable wired the Statue of Liberty twice: first in 1886 and for the monument's centennial in 1986.

        Worldwide connections: General Cable does a global business with a total of 8,600 employees, 400 of whom are based at company headquarters in Highland Heights. Sales are about $2.3 billion a year.

       



Comair kills weekend deal
Delta gets new day-to-day boss
Bush waits to reform Social Security
Building a Zaring legacy
Land for garage to cost $2M
Liquid Oxydol aimed at Gen X
Big 1st-quarter turnaround at Duramed
Ex-governor goes from best of times to worst
Business Digest
Industry notes: Marketing and advertising
- Morning Memo
Tristate Business Summary
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