Tuesday, March 4, 2003

Morning Memo

Hot tips & news to start your business day

Today's number: 8.1% - Economic growth in China in the fourth quarter of 2002 over the same period in 2001 and the same as for the third quarter of 2002, the State Statistics Bureau reported.

Today's career tip: When in a job interview, do not be shy about asking the interviewer about the job that is at stake, says The Career Portfolio Workbook by Frank Satterthwaite and Gary D'Orsi. "Ask questions about the specific problems that an incumbent in this job must deal with effectively to be successful," the authors said. "Make every effort to be polite here."

Today's mover: Dr. Candace L. Gunnarsson has joined Market Intelligence Group, downtown Cincinnati-based provider of data-driven marketing tools, as vice president of data sciences. Gunnarsson is an educator, author, lecturer, business consultant, and statistics professor in Xavier University's MBA program. At Market Intelligence Group, she will consult with clients and also direct the development of new corporate training programs on practical application of data mining and statistical tools.

Today's money tip: The Standard & Poor's 500 Index number measures the value of all 500-member companies combined. Whether the index rising or falls reflects the change in the value of 500 companies.

Because the 500 companies are considered representative of the entire economy, the S&P 500 is seen as good barometer of the health of Wall Street.

Today's company: SAMUELS PRODUCTS, INC.

A CENTURY OF CHANGE: This specialty printer of prescription-related products is a good example of a company that has found a niche that allows it to thrive. Samuels Printing Co. was founded in 1903 by Joseph Samuels. The venture began as a general-purpose print shop in Mr. Samuels' basement and then moved to downtown Cincinnati. Now located in Blue Ash, the company is run by Joseph's son Millard Samuels and his son Tom.

PAPERWORK: Samuels converts rolls of paper stock into labels, receipts and patient counseling advisories that accompany prescriptions. The company also prints pressure-sensitive labels and paper bags for medication dispensing. About 50 people work in the company's 65,000-square-foot facility.

PRINT LOCALLY, SELL NATIONALLY: The company's customers are small- to mid-size drug store chains located in every state in the U.S.

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