Friday, April 05, 2002

Morning Memo


Hot tips and news to start your business day

Today's Number: 43,300

        Jobs cut by Wall Street securities companies in the year ending in February, marking the biggest cuts in more than 25 years and leaving total U.S. securities industry employment at 733,100.

— Bloomberg News

Today's Mover

        Chuck Lawrence has joined the Staubach Co. as vice president. Mr. Lawrence will be responsible for business development and the management of corporate clients.

— Shirley Dees

Today's Career Talk

        First kill the canned script. That's the advice of executives at Pret A Manger, a fast-food company that has 118 restaurants in the United Kingdom and five in New York City. Canned cheer will turn off customers, says Ewan Stickley, head of training for the chain that serves sushi, smoothies and fresh sandwiches. “Our customers say, "I'd like to be served by a human being,'” Mr. Stickley says in the April issue of FastCompany. Kill the script, and let your people be people.

— John Eckberg

Today's Money Tip

        Even though the calendar now says 2002, you can still pretend it's 2001 — at least for the sake of an IRA. The IRS allows people to open accounts and make contributions for the preceding tax year up to the tax deadline day, April 15. That leaves you 10 days to get your full contribution of $2,000 in. Then you can start making the 2002 contributions, which can be as high as $3,000.

— Amy Higgins

Today's Company: Stewart Iron Works

        Men Of Iron: In 1886, Richard C. and Wallace A. Stewart established their ironworks at the corner of West 18th Street and Madison Avenue in Covington. Today the company's current facility occupies the same spot.

        Proving Its Mettle: At the beginning of the 20th Century, Stewart Iron Works was billed as the world's largest fencemaker. The enterprise has continued to sell an expanding array of consumer items, including gates, railings, furniture, bike racks, benches, trash receptacles, gazebos and fountains. In addition to iron, Stewart casts its products in bronze, zinc and aluminum.

        Cutting Edge: While its staff can reproduce or adapt historical designs for today's objects, the company's technology is state-of-the-art. Lasers and water jets are used to cut metal.

        Product Placement: Stewart products are found on residences, parks and commercial campuses throughout the U.S. and abroad. You can see the company's handiwork on Alcatraz Island and at the Panama Canal.

— Jenny Callison

       



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- Morning Memo
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