The Cincinnati Enquirer
Thursday, August 12, 1999 -- Volume 4, No. 225
L O C A L
S P O R T S
B U S I N E S S
W E A T H E R
T R A F F I C
Today's Business
P&G MAKES BIGGEST PURCHASE
        Procter & Gamble raced to the head of the pack of premium pet-food makers, announcing Wednesday a $2.3 billion purchase of the Iams Co. of Dayton, Ohio.
Iams' owner plans to give $100 million to community
Key Iams dates
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Headlines
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National headlines from the AP, updated around the clock.

Business Headlines for  Thursday, August 12, 1999

Cinergy looks at cutting unit
        Cinergy Corp. expects to decide by November whether to sell all or part of its power-supply operations, including its troubled wholesale power trading business, the utility holding company's chief executive said Wednesday.

RiverCenter begins Madison Place addition
        When he thinks his mouth is about to get him in trouble, Bill Butler chuckles to himself.

Advertisers dial in for family TV
        Cincinnati's world-famous soap maker — and 10 other top advertisers — Wednesday announced a new plan to clean up television.

Local radio limits ad time
        As radio ad clutter explodes in many U.S. markets, Cincinnati stations have bucked the trend and not increased the number of commercials per hour, according to a study from Empower MediaMarketing.

Federated has 30% rise in earnings per share
        Federated Department Stores posted a 30 percent increase in earnings per share in the second quarter, completing what chief executive James Zimmerman called “the best start to a year that any of us can remember.”

TRISTATE BUSINESS SUMMARY
        GE Aircraft Engines has won engine orders valued at more than $400 million to power 13 Boeing Co. 747-400 freighters ordered Wednesday by China Airlines, a leading carrier in Taiwan.

INDUSTRY NOTES: REAL ESTATE
        Almost all midyear reports are in from the local commercial real estate watchers. Many take the good news/good news approach.

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
        Hillenbrand Industries Inc. slid another $2.061/4, or 6.24 percent, Wednesday, the day after an earnings warning sent the stock down 22 percent.

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