The Cincinnati Enquirer
Saturday, June 3, 2000 -- Volume 5, No. 155
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
HOUSING CRUNCH SNARES MIDDLE-INCOME FAMILIES
Despite economic prosperity, one out of 10 working families earning as much as $70,000 a year in some cities can't afford decent housing without spending more than half their income, according to a report Friday.
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Business Headlines for  Saturday, June 03, 2000

Housing crunch snares middle-income families
        Despite economic prosperity, one out of 10 working families earning as much as $70,000 a year in some cities can't afford decent housing without spending more than half their income, according to a report Friday.

Cinergy official resigns
        Madeleine W. Ludlow, Cinergy Corp.'s chief financial officer, is leaving the utility to be CFO at Cadence Network Inc., the fast-growing energy services company partly owned by Cinergy.

Kroger's attempt at Winn-Dixie buyout halted
        Kroger Co.'s attempt to acquire 69 Winn-Dixie stores in Texas and five in Oklahoma has been shelved by the Federal Trade Commission, which unanimously voted Friday to challenge the acquisition.

Markets climb as job rate slows
        Just when you thought the volatility in technology stocks was over, the tech-heavy Nasdaq Composite Index climbs 608.27, or 19 percent, this week.

Savvy Strategies
        Problem: You are near retirement and have a portion of your wealth in a retirement plan. You want your estate to fund some favorite charities in addition to it going to your family.

The Sophisticated Investor
        Let's take a trip down memory lane to the carefree 1970s. Remember those goofy fashions? How about disco? And what about those zany, soaring gasoline prices?

Venture capitalists to mingle with e-start-ups at conference
        A high-tech conference next week in Lexington will try to build bridges among entrepreneurs and venture capitalists in the region to pool resources for start-ups.

The In Basket

        Such is the thinking of Donna Speigel, founder of Cincinnati's Snooty Fox, the upscale secondhand apparel chain.

What's the Buzz?
        More than 1,000 employees of American Annuity Group Inc. gathered last week at Cinergy Field to celebrate the company's name change to Great American Financial Resources Inc. But they also unveiled a “Social Contract” to “create and maintain an atmosphere of trust and mutual support, ensure healthy relationships and build a high-performing company.”

NEWSMAKERS OF THE FUTURE
Want to know the future? Check out this list. We call it “21 to watch” — 21 rising stars in the fields of news, politics, business, arts and entertainment, food and sports for the 21st century.
21 to watch

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