Tuesday, March 30, 1999
TRISTATE BUSINESS SUMMARY
P&G's suit against Amway is dismissed
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.
Judge Dale Kimball recently dismissed the final three of 11 claims filed against Amway in Salt Lake City that included unfair competition, negligence and negligent supervision and alleged violations of the Racketeer Influenced and Corrupt Organizations (RICO) Act.
The suit stemmed from an incident in early 1995 in which an independent Amway distributor allegedly spread a rumor to other distributors linking P&G to satanism. P&G also accused Amway a consumer-products competitor of making false statements about the ingredients, safety and value of P&G products.
A similar lawsuit filed by P&G against Amway in Houston is pending.
Two firms receive tax credits from Ohio
Tax credits were approved Monday by the Ohio Job Creation Tax Credit Authority for expansions by Mosler Inc. in Hamilton and FRCH Design World-Wide Cincinnati Inc., in downtown Cincinnati.
Mosler received a seven-year, 55 percent credit estimated at $55,762 for a $1.2 million expansion at its Hamilton headquarters, including construction of a 42,000-square-foot warehouse and leasing an additional 8,000 square feet of office space that will add 25 jobs to the 279 now employed there.
The authority also approved a 10-year, 65 percent credit for FRCH estimated at $655,667 for a $1.4 million expansion at its offices at 311 Race St., which will add 66 jobs to the current 120.
Chiquita marks its 100th business year
The Cincinnati-based company now called Chiquita Brands International celebrates its 100th anniversary today.
Chiquita traces its roots to March 30, 1899, when Boston Fruit merged with a railroad company in Costa Rica to create United Fruit Co.
United Fruit, whose name was changed to United Brands in 1970, inspired the term banana republic because of the company's involvement in establishing Central American regimes friendly to its operations.
Cincinnati financier Carl H. Lindner began acquiring large amounts of United Brands stock in 1973, becoming chairman in 1984. The company became Chiquita Brands International in 1990.
Tumbleweed Southwest opens 5th local outlet
Tumbleweed Southwest Mesquite Grill & Bar opened its fifth area restaurant Monday on Colerain Avenue, as part of a plan to aggressively expand the 44-store Louisville chain.
The restaurant company said it will employ about 125 people at the 9343 Colerain Ave. location. The restaurant seats about 230.
Tumbleweed has other area restaurants in Hamilton, Springdale, Mason and Florence.
Delta will e-mail cheap fare information
Delta Air Lines' customers now can receive notices about deep-discounted fares through e-mail. After registering on the SkyLinks Web site at www.delta-air.com, members get information on Wednesday mornings about discounted fares for that weekend.
The fares are valid for roundtrip travel departing Saturday and returning the following Monday or Tuesday.
'Melissa' virus snags Bearcats fans
10,000 reflects faith in economy
Dow clinches 1st 10,000+ close
Mail meters take licking
Local firm wins Net security deal
Microsoft balks at turning over system blueprints
P&G moving 900
TRISTATE BUSINESS SUMMARY
LensCrafters files contract suit
INDUSTRY NOTES: BANKING
PEOPLE ON THE MOVE
TRISTATE MARKET SPOTLIGHT
Oil focus made Arco a tempting takeover target