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Friday, April 11, 2003

Morning memo


News and tips to start your business day

Today's career talk

Managers need to know that the spotlight is never dimmed, Michael L. Tushman and Charles A. O'Reilly say in their book Winning Through Innovation: A Practical Guide to Leading Organizational Change and Renewal. "Whether or not managers are conscio0us of the signals they are sending or not, their behaviors are always being observed and define for others what is valued and important," the said. "Managers must be unrelentingly consistent in words and actions."

John Eckberg

Today's money tip

When a public company implements a stock repurchase programs, it's usually because the company thinks its stock is undervalued and it has the cash on hand to do something about it.

Buybacks can affect both the supply and demand of the outstanding stock. Taking some off the market shrinks supply, adding another buyer increases demand. Theoretically, that should make the stock price rise.

Amy Higgins

Today's mover

Raymond J. Stewart, member and resident in the law firm of Greenebaum Doll & McDonald PLLC, Greater Cincinnati offices, and head of the Washington, D.C. office, has been elected as chair of the firm's corporate and securities practice group. With more than 20 years of experience in business, tax, international and corporate related matters, Stewart concentrates his practice in the areas of corporate law, international law, taxation capital formation, and business transactions. He received his undergraduate degree from Thomas More College and his law degree from the University of Kentucky. He also received a Master of Laws in taxation from Georgetown University College of Law and is a certified public accountant.

Shirley Dees

Today's Company: Midwest Fabricators

Metal Medley: Midwest Fabricators was established in the late 1970s in Wilder. Bill Doran bought the company in 1999 and moved it to his 20,000-square-foot facility in Dayton, Ky. It makes metal parts, cabinets, enclosures and boxes from aluminum, stainless steel and carbon steel. A lead foundry gives Midwest the capability of fabricating lead molds and custom parts. Products can be painted by wet coat or powder coat processes.

Many Uses: Midwest Fabricators' eight to ten employees produce parts that are used in everything from machine tools to retail display fixtures. The company also makes molds for precast concrete products.

Come Together: The shop employs laser technology for metal cutting and handles a large volume of welding, sealing, as Doran says, "everything from the crack of dawn to broken hearts."

Jenny Callison



Prosecutors turn to other Erpenbeck Co. figures
Dlott-Chesley tie isn't seen as conflict in case
AK Steel, union can't agree
East Side, West Side, it's all one big Luxottica family
Economic doldrums affect retail
Secret tape played in HealthSouth fraud case
Wal-Marts in N.Y. drop toy gun sales
Industry notes: Retailing
Tristate summary
Business digest
What's the Buzz?
Morning memo

 

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