The Cincinnati Enquirer
Tuesday, March 30, 1999 -- Volume 4, No. 89
L O C A L
S P O R T S
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W E A T H E R
T R A F F I C
Today's Business
VIRUS SNAGS BEARCAT FANS
        An e-mail virus called Melissa found its way into a mail list for University of Cincinnati Bearcats basketball fans, but otherwise seemed to be causing few problems for Cincinnati businesses.
Latest update from Associated Press
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Headlines
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National headlines from the AP, updated around the clock.

Business Headlines for  Tuesday, March 30, 1999

Dow clinches 1st 10,000+ close
        The Dow Jones Industrial Average closed above 10,000 for the first time Monday, two weeks after the world's most-quoted stock index initially crossed the historic milestone in intraday trading.
Latest markets update from Associated Press
10,000 reflects faith in economy
        10,000 is just a number, stock analysts are saying, but examine the road taken there and it becomes a much larger story.
Latest markets update from Associated Press
Mail meters take licking
        Many small-business owners are not scrambling to find electronic postage meters to meet a Wednesday deadline as much as they are steaming about the rule itself.

Local firm wins Net security deal
        Compaq Computer Corp. has selected Cincinnati-based Skipjack Merchant Services for encription security for Compaq's new service EZ Store, which allows merchants to develop a secure Internet presence.

Microsoft balks at turning over system blueprints
        WASHINGTON — On the eve of secret negotiations in an effort to settle antitrust charges, Microsoft bristled Monday over indications that it might be asked to surrender the lucrative blueprints for its Windows operating system.

P&G moving 900
        Procter & Gamble Co. has announced it will relocate about 900 employees in Europe to Geneva, Switzerland, which will become the base for the company's day-to-day operations on the continent.

TRISTATE BUSINESS SUMMARY
        A federal judge in Utah has thrown out a lawsuit filed by Cincinnati's Procter & Gamble Co. against Michigan-based Amway Corp. that accused Amway of spreading malicious rumors about P&G.

LensCrafters files contract suit
        LensCrafters has filed a lawsuit against two former employees and Minnesota-based United HealthCare Corp., alleging breach of contract, violation of a noncom pete agreement and release of trade secrets.

INDUSTRY NOTES: BANKING
        Oak Hill Financial Inc., in the process of acquiring the parent of Blue Ash Building and Loan in Cincinnati, has suspended indefinitely plans to repurchase some of its common stock.

PEOPLE ON THE MOVE
        Meghan Glynn has been named director of corporate communications at Comair.

TRISTATE MARKET SPOTLIGHT
        Shares of Duramed Pharmaceuticals Inc. continued to come back down to earth Monday after skyrocketing 77 percent Thursday, with intraday trading pushing the stock from $7 to as high as $17.

Oil focus made Arco a tempting takeover target
        LOS ANGELES — Atlantic Richfield Co. (Arco) executives may have made a bad bet when they focused the company almost exclusively on oil production and refining.

E-FILE YOUR TAX RETURN
        Whether you're filing a 1040EZ or a 1040 with a dozen schedules attached, inexpensive online federal income tax filing is available at the click of a mouse.
The IRS & You
Things you always wondered about but didn't know whom to ask.

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