Wednesday, April 2, 2003

Morning Memo

Tips and news to start your business day

Today's number: 16%

Percentage of men age 15 and older who worked full-time in 2001 and earned at least $75,000 a year, compared with 6 percent of women, the Census Bureau reported.

The Associated Press

Today's mover

David B. Haas has been named senior vice president at Fifth Third Bank. Haas is responsible for credit administration, credit risk management, alternate business lending and Community Reinvestment Act lending. He joined Fifth Third in 1982 as a management trainee. He holds a bachelor's degree in business administration and a master's degree in economics from Xavier University.

Shirley Dees

Today's career talk

In the Bible, Adam was told to name the animals. By doing so, he took the first step in assuming dominion and stewardship over life, says John Eckblad and David Kiel in their book If Your Life were a Business, Would You Invest in It?: A 13-Step Program for Managing Your Life Like the Best CEOs Manage Their Companies. "In the same way, discovering and naming your Life Business is a first step in rising above the chaos of everyday experience," the authors insist.

John Eckberg

Today's money tip

You can't borrow your way out of debt. Consider a consolidation loan or home equity loan to pay off credit cards only if you cut up the cards, or can otherwise ensure you won't run up balances again.

Amy Higgins

Today's Company: U.S. Playing Card Company

In The Game: When A.O. Russell, Robert J. Morgan, James M. Armstrong and John F. Robinson Jr. founded their company in 1867, its focus was the printing of theatrical and circus posters, placards and labels. Business boomed. By 1891, Russell, Morgan and Co. became The United States Printing Co., but as its playing card business grew, the enterprise spun off The United States Playing Card Co. three years later. Over time, the new company acquired other playing card manufacturers.

Ownership Shuffle: In 1900, the company moved its operations to Norwood. Ownership of USPC changed hands several times in recent decades but in 1994 a management buyout made the company locally-owned once again.

Always A Good Hand: USPC manufactures Bee, Bicycle, Aviator, Hoyle and Congress playing cards. Bicycle has remained the top-selling brand for more than 100 years; Congress is preferred by bridge players.

Card-Carrying Heroes: The company worked with our government in World War II and the Vietnam War to provide cards with hidden codes that were used by the armed forces. In July 2002 USPC issued a new line of Patriotic Tribute playing cards that honor veterans of the country's armed conflicts.

Jenny Callison

P&G invests in minority firm
Vidal Sassoon sues for control of brand
Broadwing exec departed with $4.3M
Park to introduce food fit for a Kings Island fan
Former Bengals coach out cash
Manufacturing, construction took prewar hit
PEALE: What's the buzz?
Tristate summary
Morning Memo

House, Senate leaders seek more money to aid airlines
American Airlines cuts 21% of pilots
Big 3 automakers see drop in sales
GM, Chrysler announce new incentives
Business digest
Industry notes: Banking