5/3 TO BUY REAL ESTATE LOAN FIRM|
The deal for W. Lyman Case & Co., a Columbus-based company that originates, underwrites, places and services commercial real estate loans, will allow the Cincinnati bank to enter a new line of business.
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Discounters attracting lion's share of shoppers
According to the International Mass Retail Association, sales at discounters in 1997 rose a solid 9 percent, while sales at other department stores rose only 2.3 percent.
Skyline sale goes to investors' vote
The $33.4 million leveraged buyout of the restaurant chain would relinquish the founding family's control and give majority ownership to out-of-state investors.
Bell agrees to local rate freeze
A plan to freeze basic phone rates for most Cincinnati Bell Telephone residential customers through at least July 1, 2001, has been proposed in a compromise between the company and business and consumer interests.
BUSINESS NOTES: INDUSTRY
The long strike at Wheeling-Pittsburgh Steel Corp., caused Ohio steel production last year to decline 7 percent from a year ago, the Ohio Steel Council reports.
LCA-Vision Inc. closed 1997 with a loss of $7.8 million, or 30 cents a share, for the year, compared with a loss of $4 million, or 21 cents a share, in 1996.
THURSDAY'S BUSINESS STORIES
Firing bad for heart
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