The Cincinnati Enquirer
Friday, June 23, 2000 -- Volume 5, No. 174
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
LOW FAT, SLIM PICKINGS
It took Procter & Gamble Co. a quarter century and half a billion dollars to develop its olestra fat substitute, but it has taken less than two years for the product to start falling flat in the marketplace.

TALK BACK CINCINNATI
Cincinnati.Com is proud to offer our readers interactive forums for free and open communication. We hope you enjoy this new service.
Headlines
For past stories, please see BackIssues or use our Search Engine.
National headlines from the AP, updated around the clock.

Business Headlines for  Friday, June 23, 2000

Kroger strong; stock price isn't
        The Kroger Co. had a pretty good story to tell its shareholders at its annual meeting Thursday. Sales and profits are up, it is reducing costs ahead of plan and its market share is growing.

Kroger deal with Winn-Dixie called off
        The Kroger Co. on Thursday said it has agreed with Winn-Dixie to call off a 74-store deal, three weeks after federal regulators challenged the acquisition.

Nine West to shut Madisonville warehouse
        Workers at the Nine West distribution center in Madisonville say they weren't surprised to learn their facility will be closing by year's end.

Old Navy Outlet rents in Hebron
        The Gap Inc. has agreed to lease a new warehouse in Hebron for national distribution of its Old Navy Outlet division, four months after saying it wanted to expand area operations.

Concrete company wins tax breaks
        MONROE — The city is working to make sure one of its largest companies stays put.

Tristate Business Summary
        The day after Standard & Poor's announced it was removing Milacron Inc. from its S&P 500 Index, the company said Thursday it settled a patent infringement dispute with Husky Injection Molding Systems Ltd., a Canadian maker of plastic injection molding machinery.

What's the Buzz?
        The theory is to stack the sticks — that is, buy radio stations in the same market that have flat revenues and then make those sticks into a bundle by offering a group buy to advertisers.

Industry notes: Manufacturing
        Milacron Inc. introduced a new metal and ceramic injection molding machinery business unit at the recent National Plastics Exposition in Chicago.

Microsoft takes software to Net
        Microsoft Corp. chairman Bill Gates on Thursday unveiled an ambitious effort to transform Microsoft's software products into Internet-based personal services.

Mortgage rates drop despite Fed
        Mortgage rates, which spiked in mid-May to about 8.7 percent and looked as if they might be headed to 9 percent or more, have plummeted by about a half point and are now hovering around 8.2 percent.

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

TECHNOLOGY TODAY
THURSDAY'S BUSINESS STORIES
Business News at the Wire
Today's news
Markets
Economy
Oil prices
Microsoft
Internet
Apple
Computer privacy
Click here for CINCINNATI.COM



. ADVERTISING INFORMATION FOR ENQUIRER WEB SITES

SUBSCRIBE TO OUR FREE NEWSLETTER