Tuesday, July 18, 2000

Tristate Summary

Toyota purchases rise 24 percent

        Toyota's North American purchases totaled $12.9 billion in fiscal 1999, up 24 percent from $10.3 billion a year earlier, the automaker said.

        Toyota, whose North American manufacturing headquarters is in Erlanger, said Monday the figures were included in an annual survey by the Japan Automobile Manufacturers Association.

        Toyota said the fiscal 1999 total included $11.2 billion in purchases for its North American plants and $1.71 billion in parts exported to Japan. Toyota's North American production, which includes its largest assembly plant in Georgetown, Ky., topped more than 1 million cars and trucks for the first time last year.

Delta to add Colombia flights
        The Transportation Department has tentatively awarded Delta Air Lines authority to operate seven flights per week between Atlanta and Bogota, Colombia.

        The step was taken under a new aviation agreement signed with Colombia in March, the department said Monday.

        Delta operates its second-largest hub at Cincinnati/Northern Kentucky International Airport.

        The agreement allows each country to add seven weekly flights between the two nations this year, seven more in October 2001 and again in 2002.

Eaton reports higher earnings
        Cleveland-based Eaton Corp., the world's No. 2 maker of hydraulic equipment, said second-quarter earnings rose 14 percent, led by surging sales of semiconductor-making equipment.

        Profit from operations increased to $145 million, or $1.95 a share, from $127 million, or $1.74, a year earlier. Sales rose 1.5 percent to $2.34 billion from $2.3 billion.

        — From staff and wire reports


Program backs in-town living
Downtown home buys promoted
P&G's ad bill: $1.73B
General Mills brings Pillsbury back to U.S.
Georgia-Pacific bid worth $7.7B
Clear Channel expects purchase go-ahead
Fed survey touts reinvestment act
Firstar profits grow 16 percent for quarter
Industry notes: Banking
- Tristate Summary
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