The Cincinnati Enquirer
Saturday, July 8, 2000 -- Volume 5, No. 189
L O C A L
S P O R T S
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W E A T H E R
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Today's Business
PRECISION LENS EXPANDING PLANT
U.S. Precision Lens will add 200 new jobs and invest almost $32 million in its Clermont County plant within the next three years.

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National headlines from the AP, updated around the clock.

Business Headlines for  Saturday, July 08, 2000

Sleeker NS Group refocuses
        There's a new look at NS Group Inc., the Newport-based specialty steel maker that owns Newport Steel in Wilder. The management team under new CEO Rene J. Robichaud, a former Wall Street investment banker, is smaller and more focused.

Ind. power plant on its way
        In Dearborn County's biggest economic development since the Argosy Casino, a New Jersey utility said Friday that it is going ahead with plans for a “merchant” power plant in Lawrenceburg.

Conlan Foundation changes its name
        The Thomas L. Conlan Education Foundation Friday changed its name to KnowledgeWorks Foundation, immediately after the sale of its for-profit student loan subsidiary was made official.

Electrical workers OK pact with GE
        FAIRFIELD, Conn. — Members of the International Union of Electronic Workers, the largest of 14 unions which last month reached a tentative contract agreement with General Electric Co., have voted to accept the pact.

HIGGINS: Dividends dying out of market
        Dividends are dead. Capital gains rule.

Savvy Strategies: Accounts designed for gifts to minors
        Problem: You want to start investing for your children or grandchildren but aren't sure how they are allowed to hold stock.

Sophisticated Investor: Some little gems among low-priced stocks
        So you spent most of your Fourth of July cooking hot dogs, watching fireworks and listening to your neighbors talk about their stocks. And talk. And talk.

Tristate Business Summary
        Shareholders' lawsuits over Cincinnati Bell Inc.'s $3 billion acquisition of IXC Communications Inc. last year have been dismissed in Delaware Chancery Court in Wilmington, Del.

What's the Buzz?
        Executives at Cinergy Corp. and American Financial Group Inc. still retain faith in their companies' stock, ranking among the top insider buyers in the country during the first six months of 2000.

Jobs rise, but pace is slower
        American businesses added fewer jobs than expected in June, the strongest evidence yet that the Federal Reserve is succeeding in its campaign to keep the economy from overheating. The unemployment rate fell to an almost 30-year low of 4 percent.

Saudi shipment promise brings oil prices down
        An extra 500,000 barrels of oil promised by Saudi Arabia this week is coming to the market soon, a Gulf oil official said Friday. The prospect of more oil has sent crude oil prices lower.

Will gas-powered boots fuel the fashion industry?
        His fashion sense isn't as elegant as Gucci's, but Roman Kunikov says his gasoline-powered boots are a step forward in footwear — as much as 13 feet for each stride.

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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