The Cincinnati Enquirer
Thursday, August 5, 1999 -- Volume 4, No. 217
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Today's Business
VANGUARD TOUGHING OUT SLUMP
        Six of 10 low-fare Vanguard Airlines seats from Cincinnati were empty in July, a substantial decrease from when the carrier started flying the route to Chicago's Midway Airport in April.
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National headlines from the AP, updated around the clock.

Business Headlines for  Thursday, August 5, 1999

Provident back in the game
        After quietly watching its two biggest rivals grow briskly by gobbling up other banks and thrifts, Provident Financial Group Inc. is anxious to re-enter the acquisition game.

Companies suit up to score at job fair
        An expected crowd of 2,000 job seekers coming to Sharonville today is fostering hope among the 103 companies at the annual Greater Cincinnati Job Recruitment Day.

Dow will buy Union Carbide
        DETROIT — Dow Chemical Co., maker of Styrofoam, is buying Union Carbide Corp., the leader in producing the chemicals used in making polyester and antifreeze.

Drug rollout pulls down Duramed for quarter
        Duramed Pharmaceuticals Inc. on Wednesday reported a substantial second-quarter loss, primarily resulting from costs associated with the launch of its Cenestin estrogen-replacement drug.

TRISTATE BUSINESS SUMMARY
        Federated Department Stores has promoted one of its vice presidents to a newly created post that will direct strategic growth at the retailer.

PEOPLE ON THE MOVE
        Gary S. Oppito has been named chief operating officer of Sant Corp., a provider of systems for automating the creation of sales proposals.

COMMERCIAL REAL ESTATE

        The most expensive commercial construction projects or renovations, based on dollar values ($200,000 and up) of building permits issued recently in Cincinnati and Hamilton County:

TRISTATE MARKET SPOTLIGHT
        Mead Corp. rose $1.75, or 4.3 percent, on Wednesday, despite being cut to long-term neutral from long-term buy by Brown Brothers Harriman & Co.1/4.

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