The Cincinnati Enquirer
Tuesday, June 27, 2000 -- Volume 5, No. 178
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Today's Business
WILL FED ACT OR STAND PAT?
In a group of five economists, how can you have a tie vote? Asked whether the Federal Reserve will raise interest rates when its policy-making Federal Open Market Committee meets today and Wednesday, two members said the Fed will raise rates, two said they won't.

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Headlines
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National headlines from the AP, updated around the clock.

Business Headlines for  Tuesday, June 27, 2000

Home sales fall in May
        Rising interest rates have put the brakes on Tristate home sales.

Scripps adds new network
        If you have the money but not the time and an appreciation for the finer things in life, E.W. Scripps Co. expects to have a television network just for you on the airways by this time next year.

Gap Outlet attracts shoppers
        The Gap Outlet opened its new, expanded store Monday in Hebron, luring boatloads of shoppers willing to dig, weed and wait for a chance to pay 1970s prices for one of the best-recognized brands in the world.

Omnicare warns of slump
        Omnicare Inc. joined the ranks of Procter & Gamble and LSI Industries on Monday — as a local company warning of lower-than-expected earnings this quarter.

American Greetings president resigns
        The president and chief operating officer of American Greetings has resigned under mysterious circumstances and is being replaced by company chief executive Morry Weiss.

Amko Plastics agrees to merge
        It will no longer be paper or plastic, but paper and plastic for retail customers of Springdale-based Amko Plastics Inc.

Tristate Business Summary
        Policyholders of Western-Southern Life Insurance Co. Monday approved the company's plan to convert to a mutual holding company.

What's the Buzz?
        Elder-Beerman Stores Corp. has responded to shareholder pressure to change its management and operations by saying such efforts could cost the retailer employees, customers and vendors.

Webvan buys online grocery
        Webvan Group Inc. is buying HomeGrocer.com Inc. for about $1 billion in stock in the first sign of consolidation in the money-losing online supermarket business.

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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