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The Cincinnati Enquirer
Thursday, Sept. 16, 1999 -- Volume 4, No. 260
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
FORD EXPANDING TRANSMISSION PLANT
        Continued strong sales of Ford Motor Co.'s best-selling F-series pickups and large sport utility vehicles has triggered a $154 million expansion at the company's Sharonville transmission plant.

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National headlines from the AP, updated around the clock.

Business Headlines for  Thursday, Sept. 16, 1999

Biotech biz needs shot in arm
        To become a leading center for biotechnology, Greater Cincinnati needs to double its volume of basic medical research, vastly expand seed money for start-up ventures and strive in several ways to build an entrepreneurial culture for the region.
How Cincinnati stacks up on the biotech front

Cinergy: N.Y. lawsuit just a pay-up tactic
        Cinergy Wednesday rejected New York's claim that Beckjord power station in Clermont County illegally fouls downwind air.

River Front Classic not just a game
        Organizers of the River Front Classic and Jamboree in Cincinnati are using their first event to sell more than just tickets to a football game between two historic black universities.

Hotel occupancy nearly tripled in summer
        COVINGTON — Visitors flooding into Northern Kentucky to visit the Newport Aquarium helped area hotels nearly triple the number of rooms they sold this summer.

Economists see local, national slowdown
        The U.S. economy's growth will slow next year, and the Greater Cincinnati economy will follow right along, according to a local economic forecast. But that doesn't mean recession, said David Hehman, executive vice president for the Federal Home Loan Bank of Cincinnati.

Low inflation not fazing Fed
        WASHINGTON — Motorists got another shock at the gasoline pumps last month, but elsewhere, consumer prices remained subdued.

INDUSTRY NOTES: REAL ESTATE
        Construction activity has see-sawed for a few years in Greater Cincinnati. When commercial construction is up, residential is down. When residential rises, commercial falls. There's little logic to it, and next year, it appears the same will happen.

TRISTATE BUSINESS SUMMARY
        Procter and Gamble said Wednesday that its less than 3-month-old experiment with paying ad agencies based on sales of P&G brands rather than with commissions on media spending will become official company policy July 1.

TRISTATE MARKET SPOTLIGHT
        Stock in Guidant Corp. fell $3.061/4, or 5.3 percent, to $54.871/2 Wednesday, despite Wall Street attention.

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