The Cincinnati Enquirer
Saturday, August 19, 2000 -- Volume 5, No. 231
L O C A L
S P O R T S
B U S I N E S S
W E A T H E R
T R A F F I C
Today's Business
MORTGAGE RATES DROP
Cincinnati-area mortgage rates crept lower for the fourth consecutive week, but not as low as the national average which slipped under 8 percent for the first time since Christmas this week.

OHIO LANDS KOHL'S CENTER
Kohl's Corp. will establish a $28.2 million distribution warehouse in Monroe for its new Internet division, an expansion that could create 600 jobs within three years.

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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, August 19, 2000

Trade gap expands to $30.6B
        WASHINGTON — America's trade deficit widened to a record $30.6 billion in June as the U.S. appetite increased for foreign crude oil at the highest prices in nearly 10 years.

Cordage Co. gets restraining order
        In an unusual move, Cincinnati Cordage & Paper Co., which sought Chapter 11 bankruptcy reorganization Aug. 1, obtained a temporary restraining order this week against a competitor and former suitor to prevent it from hiring its employees or using its confidential business information.

Light will shine from old church
        When fast-food restaurants and drug stores offered to buy and raze the Third Protestant Memorial Church in Clifton Heights, Dale McGirr knew it was time to act.

Restaurateur adding to list
        Restaurateur Jeff Ruby has acquired the defunct Charley's Oyster Bar and Grill in Montgomery, adding what he calls the “fourth limb” to his body of restaurant businesses.

Tire maker faces possible strike
        DETROIT — The union representing 8,000 Bridgestone/Firestone Inc. workers says it will end contract extensions in 14 days and will probably strike if no new contract is reached.

Drinks companies ally to bid on Seagram
        LONDON — Diageo Plc and Pernod Ricard SA agreed Friday to bid together for Seagram Co.'s Chivas Regal and other liquor brands. With Allied Domecq Plc also planning an offer, the price could rise to $9 billion, analysts said.

Earnings
        LSI Industries reported lower fourth quarter earnings and sales, after a string of 13 consecutive quarters of higher earnings.

Fired worker awarded $2.7M
        SAN FRANCISCO — A jury has awarded $2.7 million to a former Oracle employee who was fired because she was pregnant and blew the whistle on co-workers she believed had inappropriately used elements of a competitor's software.

For these folks, there's no such thing as no room at the inn
        DALLAS — While negotiating with upscale hotels for blocks of rooms that he would later resell, David Litman gained intimate knowledge about an industry whose pricing models can be an inscrutable maze of tiered rates and secret discounts.

Grand jury subpoenas RJR's foreign records
        WINSTON-SALEM, N.C. — A federal grand jury is investigating export sales of the former international division of R.J. Reynolds Tobacco Co., the company said in a federal securities filing.

HIGGINS: Personal finance
        So much for the theory that trading volumes slow in August - average trading volumes for the first two weeks of August were 40 percent higher this year than last.

Savvy strategies
        Problem: You didn't owe taxes last year on your retirement income, but fear that starting IRA distributions could make you pay.

Set limits when planning youngster's birthday party
        Clowns. Ponies. A merry-go-round on the front lawn. Live goldfish and squirt guns for party treats.

The Sophisticated Investor
        Your stock fund may be having a miserable year, but here's some comfort: Your mutual fund company is really raking in the cash. There. Feel better now?

Tristate Business Summary
What's the Buzz?
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

TECHNOLOGY TODAY
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