Thursday, January 30, 2003

Morning Memo

Tips and news to start your business day

Today's number: 29.5 million

Tons of steel imported by American companies in 2002, up from a record 27.3 million in 2001, according to preliminary data released by the U.S. Commerce Department.

Today's mover

Vikram A. Gosain has been named director of transfer pricing in the corporate tax organization at GE Capital Services. Gosain graduated from Stanford University and he received his law degree from the University of California, Hastings College of the Law. He is a lawyer (California Bar) and a CPA (Texas State Board of Public Accounting). He has been teaching international tax at the University of Cincinnati for the past four years.

Shirley Dees

Today's money tip

In order to claim a home-office deduction, you must use the office exclusively and regularly for business; and it must be your principal place of business. For more on qualifying for home-office deductions, see IRS Publication 587.

Amy Higgins

Today's career tip

Inflation always will hit small firms first, Diane Swonk, chief economist at Bank One and author of The Passionate Economist: Finding the Power and Humanity Behind the Numbers, says. "They are not likely to raise prices in response to higher costs unless those higher costs are shared by their competitors," she says. "Rising wages qualify as a universal phenomenon for small firms and hence a trigger point for inflation."

John Eckberg

Today's Company: Eagle Custom Homes

Strategic Symbol: John Ballantyne and Doug Feagles founded this enterprise in 1994, capitalizing on their experience working for national home builders. They chose the eagle as their company symbol because of its association with attributes of freedom, strength and courage.

More Than A House: The Loveland firm has built on customers' own property as well as in upscale developments such as The Oasis Golf Community in Loveland, Rivers Bend in Maineville and The Reserves of Somerset in Sycamore Township. The company is a member of the Home Builders Association of Greater Cincinnati and the Clermont Home Builders Association.

The Wright Stuff: Eagle captured several awards at the 2000 Homearama and garnered Best of Show at the 2000 Clermont Home Show. At last year's Homearama, the company built a home designed by the Frank Lloyd Wright Foundation's architectural subsidiary. "Nature's View" won in the People's Choice "Favorite Home" category. A second Eagle home, "Le Jardin" also won honors.

Soaring Online: Eagle's web site,, was named Best Web Site in 2000 by the Sales and Marketing Council of Greater Cincinnati.

Jenny Callison

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Your ailing 401(k) likely needs a tune-up
Welch wants quiet divorce
AOL Time Warner reports loss
Fuel cell cars get big push from Bush
SUVs most popular, protested in U.S.
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