Thursday, December 02, 1999
TRISTATE BUSINESS SUMMARY
Realignment of top spots in Delta, Comair begun
Its complete merger into Delta Air Lines is still weeks away, but the passing of power has started at Comair Holdings Inc.
Randy D. Rademacher, 43, will become president of Comair Inc., the airline, and its parent holding company. He has been chief financial officer since 1993.
Mr. Rademacher will continue to report to David Siebenburgen, Comair's current president and chief executive. Mr. Siebenburgen will assume a position in Delta with direct responsibility over the Delta Connection network, including Comair and Delta's other regional carrier subsidiary, Atlantic Southeast Airlines. ASA serves Delta in Atlanta and Dallas-Fort Worth.
Kroger buying 8 stores in Indiana
The Kroger Co. has agreed to acquire eight stores in the Indiana market, expanding in a state that it has made a target for increased business.
The stores, which go by the name Pay Less and are family-operated, will continue under that name with current employment of 1,200. Kroger did not release the purchase price of the acquisition or Pay Less sales.
The Pay Less stores join 27 that Kroger acquired in August from John C. Groub Co. Inc. Kroger now operates roughly 120 stores in the Hoosier state, but the Pay Less deal puts Kroger in new, northern markets.
NCR asked to help refine Macys.com site
Cincinnati-based Federated Department Stores has selected NCR Corp. to provide data services to help further customize its evolving Macys.com online store.
The solution Federated is using focuses on four areas of the Macy's site: measuring profitability and effectiveness of banner ads; analyzing customer interactions and movement through the site; improving fulfillment capabilities; and correlating online sales with store sales to cross-sell or up-sell customers.
A Macys.com spokesman said Dayton, Ohio-based NCR will not take over duties regularly handled by Fingerhut Cos. Inc., which Federated acquired this year in part to handle its growing catalog and online business. Fingerhut is expected to take over the functions that NCR is now developing.
Federated will kick off a new home page design for Macys.com next week.
CIT puts in second $100M engine order
CFM International, the joint venture of GE Aircraft Engines and Snecma of France, has won an order valued at $100 million to supply CFM56-5B engines to the aircraft leasing arm of CIT Group Inc., the U.S. leasing and long-term financing company.
The engines will power 10 Airbus Industrie A320 family jetliners for CIT leasing clients. In June, CIT ordered $100 million in CFM56 engines to power 10 next-generation Boeing 737 aircraft to be delivered starting in 2001.
Commerce Center gets new identity, sign today
The Cincinnati Commerce Center at Sixth and Vine streets will be renamed the Convergys Center at 8:30 a.m. today.
Convergys, the billing and customer service provider spun off from the former Cincinnati Bell Inc. last year, employs 1,200 in the 30-story building. Ceremonies will include unveiling a new lighted sign on the building.
German brewery coming
Cinergy slapped for hogging power in July
P&G lends Noxzema name to razor-maker
Cincinnati firm expands coal-to-gas power
McDonald's buying Boston Market chain
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: REAL ESTATE
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