Tuesday, November 16, 1999
TRISTATE MARKET SPOTLIGHT
Manager's pick boosts Omnicare
Shares of Omnicare Inc. gained $2, or 17.6 percent, to close Monday at $13.37 1/2.
Monday's issue of Barron's quoted a health care hedge fund manager saying Omnicare, a provider of nursing home pharmacy services, was among his favorite picks because he thinks about 30 percent of all U.S. nursing home patients get their drugs from Omnicare's institutional pharmacies.
Covington-based Omnicare rose 20 percent Thursday as Congress and the White House agreed to a deal that would increase Medicare payments $12 billion.
Kroll-O'Gara Co. agrees to buyout
Crystal ball cloudy on interest rates
Greenspan: Cooperation key in new marketplace
Pella to acquire Pease Industries
Cincinnati Bell begets BroadWing
Miniatures of Peace Bell are appealing
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: BANKING
PEOPLE ON THE MOVE
Hewlett-Packard vision: Nothin' but Net
TRISTATE MARKET SPOTLIGHT