Saturday, August 19, 2000

Tristate Business Summary

DuBois office leaving downtown

        After nearly 80 years downtown, DuBois Chemicals, a unit of Diverseylever, is moving its corporate offices employing 125 from downtown Cincinnati to suburban Sharonville.

        The company is moving to a new one-story, 25,600-square-foot building at the Crowne Point Business Park near Interstate 275 and Sharon Road by Oct. 2.

        The new headquarters is five minutes from the company's research lab and main manufacturing plant.

        DuBois, once owned by Chemed Corp., has maintained its corporate headquarters in the Chemed Center, 255 E. Fifth St., downtown, since 1991.

Gas prices to rise 8%-12% in region

               Customers of Cincinnati Gas & Electric and Union Light, Heat & Power Co. in Northern Kentucky can expect significantly higher gas rates this fall as higher demand and tighter supplies have fueled higher natural gas prices nationally.

        The typical residential CG&E customer can expect a 12 percent increase in gas prices this fall; and ULH&P customers, who are served by different pipelines, can expect about an 8 percent increase, the Cinergy Corp. subsidiaries said.

        Cinergy said it makes no profit from the cost of gas, which is billed to customers through the gas-cost-recovery charge on a dollar-for-dollar basis.

        A CG&E residential customer using 10,800 cubic feet of gas monthly will pay $83.33 a month from September through November, compared with $74.44 for June through August. ULH&P residential customers using the same amount of gas can expect to pay $90.02 versus $83.30 a month now.

Ambassador to be honored

               Japan's ambassador to the United States, Shunji Yanai, will be honored at a luncheon Thursday at the Omni Nederland Plaza.

        Mr. Yanai is making his first visit to Ohio, to discuss U.S.-Japan relations. His visit is sponsored by the Japan America Society of Greater Cincinnati and the Japanese Business Committee of Greater Cincinnati.

        Tickets are $35. Contact the Japan America Society at 579-3114.
       — From staff reports


Mortgage rates continue to drop
Ohio lands Kohl's center
Trade gap expands to $30.6B
Cordage Co. gets restraining order
Light will shine from old church
Restaurateur adding to list
Tire maker faces possible strike
Drinks companies ally to bid on Seagram
Fired worker awarded $2.7M
For these folks, there's no such thing as no room at the inn
Grand jury subpoenas RJR's foreign records
HIGGINS: Personal finance
Savvy strategies
Set limits when planning youngster's birthday party
The Sophisticated Investor
- Tristate Business Summary
What's the Buzz?