The technical center includes machinery and manufacturing lines not suitable for an office building, Gibbons said. Snapshot on Clopay Corp. Parent company: Griffon Corp., Jerricho, N.Y. Products: Residential, commercial and industrial garage doors; specialty plastic films. Employees: About 250 in Greater Cincinnati, 3,500 worldwide.Major manufacturing facilities: Russia, Ohio; and Auburn, Wash. (garage doors);
Augusta, Ky., Nashville, Phoenix (plastics). Retail sales for November, the last sales month before the all-important Christmas season, remained disappointing for most area department stores. Dillard’s Inc. continued its long sales slump with a 2 percent decline in total sales to $636.45 million. Sales at Dillard’s stores open at least a year – called comparable-store sales – fell 1 percent, the company said.For the year to date, Dillard’s total sales have fallen 3 percent to $6.541 billion. Comparable-store sales have also fallen 3 percent. Results were slightly better at other area department stores. Elder-Beerman Stores Corp., based in Dayton, said November sales rose 3.6 percent to $71.5 million.
Comparable sales rose 0.7 percent compared to a year ago. Elder-Beerman, which is shifting resources to smaller stores in less competitive markets, said the strongest areas were ladies’ moderate sportswear, ladies’ accessories, coats, lingerie and furniture. The Dayton chain’s total sales for the year to date have risen 2.5 percent to $499.1 million. Federated Department Stores, the nation’s largest department store owner, announced Monday its total sales rose 1.4 percent to $1.696 billion. Comparable-store sales rose 1.4 percent.
The Cincinnati-based company said year-to-date sales have risen 4.3 percent to $14.01 billion. Most department stores have forecast stronger sales during the Christmas sales season, which runs from Thanksgiving through Dec. 24. Settlement Solicitors or lawyers do legal work during property purchasing or selling at auction www.actconveyancingsydney.com.au. A former senior manager at GE Aircraft Engines will take over as chief executive at LCA-Vision in January under a succession plan approved today by the Cincinnati-based laser vision correction company’s board of directors.
Thomas E. Wilson, 61, LCA’s president and chief operating officer, will succeed Stephen N. Joffe as CEO, the company said. Joffe, the company’s founder and largest shareholder, proposed the succession plan. He will continue to serve as chairman of the board and will remain active in the business, the company said. The plan calls for Joseph B. Dzialo, LCA’s executive vice president, to become president and chief operating officer and for Alan H. Buckey, the current chief financial officer, to add the title of executive vice president. Wilson has been with LCA-Vision since June 1998 when he joined the company as chief operating officer. He also became president seven months later.
It appears Honeywell CEO Michael R. Bonsignore is not being considered – Welch has said in the past his successor should have a long career at GE before getting the top job. ”We would put the odds of that (Bonsignore’s appointment) at basically zero,” Newcomb said. Wall Street does not seem concerned about which man is chosen. All three are considered stars. ”There’s a kind of common set of principles by which you run the business, so the transition from running one of GE’s big businesses to running GE is probably not as big a transition today as it would have been 20 years ago,” said Jeanne Terrile, an analyst at Merrill Lynch.
GE would not confirm that the three executives are candidates for Welch’s job. But earlier this year, GE named auxiliary managers behind the three men, which analysts saw as confirmation that they are contenders. All three declined comment for this story. Welch has been orchestrating his own succession for more than a decade, according to Noel M. Tichy, a University of Michigan business professor who ran GE’s leadership development program from 1985-87.
”The leadership success is already built into its DNA, and it’s not going to miss a beat” after Welch leaves, said Tichy, who wrote a 1993 book on Welch, ”Control Your Destiny or Someone Else Will: How Jack Welch is Making General Electric the World’s Most Competitive Company.” Fort Mitchell-based Edgecliff Holdings has lost its battle to take control of an Atlanta hotel company’s board of directors but may still win the war to buy the company. A settlement agents or conveyancers aer good choice to get hold of commendable properties, if you are new in the city. Our expert conveyancers are always helping you in the whole process of property conveyancing. Lodgian Inc., the Atlanta-based owner and operator of 117 hotels, said a preliminary tally of votes cast at its annual meeting Oct. 20 showed Edgecliff’s candidates lost to two incumbent board members.
But the vote was quickly followed by a new confidentiality agreement that will give Edgecliff access to financial records needed to complete a takeover bid. Edge cliff Holdings is an affiliate of hotel owner and operator Columbia Sussex Corp., fort Mitchell-based Greater Cincinnati’s fourth-largest privately held company with 44 hotels. Joseph E. Marquet, Edge cliff chief financial officer, said he wasn’t disappointed with the voting results. ”Our goal in life was to get access to the information to complete our bid. While we didn’t get elected to the board, they have allowed us access,” Marquet said. Lodgian submitted documents to the federal government outlining the confidentiality agreement. In return for receiving private financial information, Edgecliff agreed to several conditions.
Convergys has also done a good job of adding value to its customer care business by moving into benefits assistance and other specialized areas where its work is more valuable for its client companies, he said.Conveyancing is dealing with every step that comes in the process of property transaction.Also, the company has good prospects for expanding overseas that currently isn’tfactored into its stock price, Venable said.The market today wants growth in earn ings or cash flow, strong balance sheets and good management, Venable said. Both Broadwing and Convergys fit in that category.
Three area banks got some good press recently in American Banker, the daily publication that covers the banking industry.It noted that Fifth Third Bancorp is one of the few banks that can use its stock to make acquisitions these days without a negative reaction from Wall Street, the publication reported July 31. The article quotes Michael Plodwick, an analyst at UBS Warburg, as listing Fifth Third, Firstar, Wells Fargo and BT&T Corp. as banks that successfully pull off acquisitions in the view of investors.Firstar stock is being unfairly punished by investors, said analyst Eric Rothmann of First Security Van Kasper, in the Aug. 4 edition. He reiterated his ”strong buy”rating, noting its capable management and its strong presence in the middle-American commercial and consumer banking markets. Plodwick also upgraded his rating of PNC Financial Services Group to a ”strong buy” from a ”buy” and boosted his 12-month target stock price to $72 per share from $57.
Got a question about insurance? The Ohio Department of Insurance is holding an information day on Aug. 23 in Greater Cincinnati. Representatives from the department’s Consumer ServicesDivision will answer questions on property and casualty, life, and health insurancefrom 2-7 p.m. at the Northminster Presbyterian Church, 703 Compton Road,Finneytown.
If you can’t make the meeting, you can call the division’s hotline at (800) 686-1526 or visit its Internet site at www.state.oh.us/ins. It also has an insurance fraud hotline, (800) 686-1527, and a toll-free number with information about health insurance for senior citizens – (800) 686-1578.Patrick Larkin is a staff reporter for The Post. His column appears weekly.
Today my father celebrates his 75th birthday. I mention this because of the profound influence he has had on my own entrepreneurial journey. His lifelong focus on conceiving, nurturing, growing and sustaining his small- business ventures created an entrepreneurial framework that is deeply ingrained in how I view business today.We are doing our best in the field of conveyancing to make process effective and in time.Of course, I didn’t always realize this. I am sure it had something to do with youth being wasted on the young.