Friday, April 17, 1998
An appeals court has upheld a jury verdict in favor of a Newport dairy in a case filed on behalf of school systems over alleged rigging of milk prices.
The 6th U.S. Circuit Court of Appeals Thursday unanimously upheld the U.S. District Court jury's verdict in favor of Louis Trauth Dairy.
The Northern Kentucky business was among several dairies prosecuted in Ohio and Kentucky on charges that they conspired to rig bids for contracts to supply milk to various school districts. Trauth Dairy management denied the allegations.
Mercantile raises dividend to 31 1/2 cents
The board of Mercantile Stores Co. Inc. Thursday agreed to raise the retail chain's quarterly cash dividend on common stock by 1 1/2 cents, to 31 1/2 cents.
The move raises the annualized dividend to $1.26 a share from $1.20 a share. The new dividend is payable June 15 to shareholders of record May 29.
Last year, Fairfield-based Mercantile raised its dividend by an equal amount.
Unisys to close Indiana center, ending 350 jobs
Unisys Corp., which processes health claims for the Defense Department, will shut its operation in Columbus, Ind., putting 350 people out of work.
Unisys executives in Virginia say they will close the Indiana operation because of a planned transfer of defense contracts to another managed-care contractor next month and an inability to gain additional business for the center.
The planned closing will take place over 14 months.
CBIS to provide service to Bell Atlantic unit
Cincinnati Bell Information Systems has signed a five-year agreement to provide billing and subscriber management to Bell Atlantic's offering of direct broadcast satellite services.
This is the first major agreement in which CBIS, the information processing business of Cincinnati Bell Inc., will use Wizard billing and subscriber management software. In August, CBIS signed an agreement with Wiztec Solutions Ltd. acquiring 20 percent of the company and exclusive right to market Wizard in North America.
Comair to begin non-stop flights to Houston's Bush
Comair Inc. Thursday said it will begin non-stop jet service between Houston's Bush Intercontinental Airport and the Greater Cincinnati - Northern Kentucky International Airport.
The Erlanger-based airline said it will offer three daily flights to the Texas city starting July 1.
Toyota gives $90,000 to World Affairs Council
Toyota is making a $90,000 grant to the World Affairs Council of Greater Cincinnati to enhance international education for high school students. Details of the grant will be released Monday at the council's annual world affairs conference. The money, spread over three years, will be used to fund teacher education programming and an Internet simulation to expose students to international negotiations.
"The World Affairs Council greatly strengthens the Tristate's global environment. The more we can educate our youth about this area's quickly changing international business sector, the more prepared we will be for the future," said Dennis Cuneo, vice president of external affairs for Toyota Motor Manufacturing North America.
