Saturday, July 22, 2000

Tristate Business Summary


P&G raising price of laundry soap

        Procter & Gamble Co. said Friday it will raise prices an average 6.4 percent on its top-selling Tide, Cheer and other brands in the U.S. because of higher raw-material costs.

        The company, which sells more than half the $4.7 billion in laundry detergents sold in the U.S. yearly, said prices will rise 8 percent on liquid detergents and 5 percent on powdered detergents, spokeswoman Molly Humbert said. The move, which also affects Gain, Era and Bold brands, is effective Sept. 18.

Broadwing will host PIPE9 site
        PIPE9 Corp., a supplier of predictive information about e-business buying and selling behavior, said Broadwing Inc.'s data center on W. Seventh Street will provide hosting services for its Web site.

        The Broadwing data center will house PIPE9's proprietary data consisting of 11 million business profiles. The three-year agreement will provide PIPE9 with Web site infrastructure, while also significantly reducing infrastructure costs and increasing efficiency of the site, the companies said.

Ashland stock plan extended
        Directors of Covington-based Ashland Inc. this week approved a further extension of a stock repurchase authorization initiated in August 1998.

        The Ashland board increased the number of shares that can be repurchased to 3 million. As result of prior purchases, the company had authority to repurchase only about 900,000 more shares.

SDRC wins Nissan order
        Structural Dynamics Research Corp. said this week it won an order for software and services valued at $4.3 million as result of Nissan Motor Co. Ltd.'s decision to expand use of SDRC's Metaphase product data management software and I-DEAS automation design software.

        In 1998, Nissan signed a multi-year deal with Milford-based SDRC valued at more than $100 million.

        — From staff and wire reports

       



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