The Cincinnati Enquirer
Saturday, June 24, 2000 -- Volume 5, No. 175
L O C A L
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Today's Business
CINERGY MUST CUT EMISSIONS
A court ruling allowing the federal government to enforce an air pollution reduction plan could cost Cinergy Corp. $700 million in capital expenditures and $10 million in annual costs — costs that the utility says eventually could come from Tristate consumers' pockets.

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Headlines
For past stories, please see BackIssues or use our Search Engine.
National headlines from the AP, updated around the clock.

Business Headlines for  Saturday, June 24, 2000

Delta shows urge to merge
        Delta Air Lines is flirting with Continental Airlines for two reasons, analysts said Friday: It's an attempt to slow down a merger between two rivals, and a recognition that the company will have to get bigger.

Lawmakers leery of pending air deal
        WASHINGTON — In seven hearings over two weeks before four congressional committees, the proposed United Airlines-US Airways deal has prompted near-unanimous skepticism, if not outright opposition.

Airbus envisions 550-seat airliner
        GE Aircraft Engines, which has teamed with rival Pratt & Whitney to develop a new engine for Airbus Industrie's planned super jumbo airliner, said Friday it was “delighted” the European aircraft maker is moving ahead with the 550-seat jet.

Batavia plant caught up in a world of change
        BATAVIA — From the outside, little appears to have changed at the sprawling former Ford Motor Co. transmission plant near here.

Scripps expected to announce its 4th cable network
        E.W. Scripps Co. will announce “a tremendous business opportunity” Monday — expected to be the company's fourth cable network.

Wireless device to link doctors, insurers
        A family doctor in Westwood, Dr. Ted Bort, said each day he'll see 30 patients, with at least that many insurance plans. Each plan has a formulary — a list of drugs it approves for use for its customers.

Seminar helps women prepare for retirement
        Women tend to receive less pay than mendo. Women tend to spend less time in the work force, and therefore contribute less to retirement plans, pension plans and Social Security.

HIGGINS: Taxes can be tough on options
       I have recently joined an Internet start-up where I will receive a large chunk of stock options as part of my compensation package. One quarter of these options will vest within a year, with a fraction vesting every month from then on. What's the best strategy tax-wise to deal with these? Would a foundation or trust help?

Complaint may aid those burned by broker
        You don't have to be uneducated or unsophisticated to be taken for a bumpy ride on Wall Street. Just ask John Metz, a high-profile Cincinnati lawyer who says he lost about $225,000 thanks to a bad broker. But Mr. Metz fought back and was recently awarded $193,000 in damages. And you can too, if the same kind of thing happens to you.
Warning signs and what to do

Savvy Strategies
        Problem: As a widow, you own the whole $2 million family farm yourself, but your son farms the land. You want the farm to pass to him without him being devastated by capital gains or estate taxes.

Stock performance recap: Unova

The Sophisticated Investor
        That little bundle of joy in your arms could get a Nobel prize in physics or discover a new species of Venusian rhinoceros. But to do that, he or she will need to go to college. So you should get a Section 529 plan.

Tristate Business Summary
        The Gap Outlet is relocating this weekend from Erlanger to the old Nine West warehouse 6 miles away in Hebron, closing todayand reopening Monday.

What's the Buzz?
        Great American Insurance Co. has updated the Internet site of its business that sells malpractice insurance to lawyers.

Decimal switch creates division, to a point
        CHICAGO — Wall Street is almost ready to begin doing decimals, with the New York Stock Exchange and the Nasdaq Stock Market preparing pilot programs in decimal trading for September.

Feds try to sell e-banking to people getting benefits
        Community organizations and local banks are being tapped by the U.S. Treasury to help educate their members and customers on the merits of automated banking and direct-deposit services of monthly checks from the federal government through new Electronic Transfer Accounts.

GE unions turn up volume as contract expiration nears
        General Electric Co. employees representing 14 unions rallied outside the New York studios of the company's NBC television network as both sides continue to meet before the unions' contracts end Sunday.

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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