Wednesday, June 16, 1999
TRISTATE BUSINESS SUMMARY
New restrictions placed on striking Teamsters
A Hamilton County judge placed new restrictions on striking truck drivers Tuesday after viewing a videotape of a weekend fight involving pickets outside Children's Hospital.
Judge Melba Marsh ordered the pickets from Teamsters Local 100 to remain on a sidewalk away from the truck entrance at the hospital.
She also told the Teamsters and representatives from Hilltop Basic Resources to meet today for a negotiating session.
The hearing in Hamilton County Common Pleas Court was the third in the past month involving the Teamsters and the concrete company.
It was prompted by a fistfight among two Teamsters and a man who exchanged words with them while entering the hospital to visit his daughter.
Hemmer plans 2 projects at Airpark development
Paul Hemmer Cos. has plans for two new facilities at Airpark Business Center (Phase III), located on Lindbergh Court in Boone County.
Hemmer will construct a new facility for Meritor WABCO, as well as a 65,000-square-foot speculative office/warehouse facility. Both will be completed in October. Phase III of Airpark Business Center is a joint venture of Paul Hemmer Cos. and Ashley Development.
Elchynski to step down at Cincinnati Financial
Theodore F. Elchynski, Cincinnati Financial Corp.'s chief financial officer, secretary and treasurer, will resign from his officer and director positions on July 2. He will remain on the executive staff until his retirement on Jan. 3.
Kenneth W. Stecher was promoted to senior vice president, secretary and treasurer.
Sealy expects to appeal fine proposed by OSHA
Sealy Mattress Co. expects to appeal a proposed $188,000 federal fine for unsafe conditions at a Medina, Ohio, plant where a worker's hand was amputated in an accident.
The Labor Department's Occupational Safety and Health Administration issued 10 citations against Sealy on Monday.
The agency began investigating in January after learning that a Sealy employee's hand was amputated on a cutting machine.
BP Amoco to cut crude processing at 2 refineries
BP Amoco Plc, the world's third-largest publicly traded oil company, said it will cut crude oil processing by 70,000 barrels a day at two U.S. refineries beginning July 1 because of low refining profits.
The company will reduce crude processing at its refineries in Whiting, Ind., and Toledo.
Heinz's fourth quarter up 12%, exceeds predictions
H.J. Heinz Co., the Pittsburgh-based parent of Heinz Pet Products and Star-Kist Foods in Newport, beat analysts' expectations Tuesday, reporting an earnings increase of nearly 12 percent in the fourth quarter.
The company reported a profit of $219.4 million, or 60 cents a share, for the three months ended April 28 compared to $196.2 million or 53 cents a share in the same quarter a year ago.
The results reported Tuesday exceeded the expectations of analysts surveyed by First Call, who predicted operating earnings of 59 cents a share.
Delta may have to build center
GE cleaning up in Paris
Brewery plans fiscal rehab
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: MEDIA & MARKETING
TRISTATE MARKET SPOTLIGHT
Government 'light hand' working fine, Gates says
