Thursday, June 5, 2003

Morning memo

Tips and news to start your business day

Today's number: 8.8%

The jobless rate in April in the 12-country bloc that uses the euro as its currency, unchanged from March and at a three-year high, the European Union statistics agency Eurostat said.

The Associated Press

Today's mover

Jeff Beach has been named vice president of bankcard sales and marketing at Fifth Third Bank. Beach is responsible for sales and management of Fifth Third's bankcard products and services throughout the eight-state region. He was a commercial lending officer in the public funds department. He earned a bachelor's degree in marketing form Murray State University and a master's degree from Xavier University.

Shirley Dees

Today's money tip

If you are switching jobs, you usually can take your accumulated retirement with you.

You may be able to roll a pension into an Individual Retirement Account. Your former employer will have an administration agreement that gives you transfer procedures to follow. You can call the pension plan administrator for the proper paperwork and procedures.

Your 401(k) also can be rolled over into an IRA. Both of these transfers should be done on a trustee-to-trustee basis to avoid unnecessary taxation.

Amy Higgins

Today's career tip

America is suffering from a serious leisure lag, says Al Gini, author of The Importance of Being Lazy: In Praise of Play, Leisure and Vacations. While Americans get, on average, 10 to 13 days of vacation a year, that is not the case elsewhere: "Italy, 42 days; Germany, 35; Sweden, 32; Spain, 30; Denmark, 30; Ireland, 28 - as a nation, we are working more and recreating less."

John Eckberg

Today's Company: Provident Camera

Shutterbugs: In 1929, Nathan Berkowitz opened his camera shop in the Provident Bank building downtown, taking the shop's name from its landlord. Eventually, Berkowitz's son-in-law Barry Lefton and his brother Mark joined the business. Now, Provident is run by Barry's sons Rick and Ben, although Mark and Barry are still involved.

Film To Filters: In addition to sales and service of new and used cameras and accessories, Provident provides film processing service in its mini-lab and can print digital images from Zip disks, photo CDs or floppy diskettes. A Kodak Creation Station allows customers to manipulate and print their own digital photos.

Serving Meatloaf: Rock singer Meatloaf, on a recent trip to Cincinnati, needed 30 passport and visa photos, but didn't want to go out in public. A Provident staffer met him at the Cincinnatian Hotel, took the shots and delivered the finished product to him.

Camera Fitness: June 7 is Provident's annual Canon Day. Factory and service representatives from the camera maker will be on hand to provide free cleaning and checking of any Canon camera, and to promote new Canon products. The event is from 10 a.m. to 4 p.m. at the store: 18 W. Seventh Street.

Jenny Callison

Delta focus: Labor costs
Erpenbeck buyers off the hook
Kroger moving to revived mall
Stewart indicted, resigns as CEO
Industry notes: Manufacturing
Palm, Handspring to become one
House GOP drops comp time bill from vote
Tristate summary
Business digest
Morning memo
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