The Cincinnati Enquirer
Saturday, August 26, 2000 -- Volume 5, No. 238
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 JAGER PAYOFF: $9.5 MILLION
Procter & Gamble Co. paid former chairman and CEO Durk I. Jager $9.5 million to retire following the company's earnings slump.

ENQUIRER PORTFOLIO PANEL
Members of the Enquirer's financial consulting panel say the November election will have a big effect on the markets - and they reveal their favorite stocks.

TALK BACK CINCINNATI
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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 26, 2000

Home sales slow
        The impact of rising mortgage rates most of this year clobbered the Tristate housing market last month.

Economy growing; spending slowing
        WASHINGTON — The U.S. economy grew robustly in the spring even as consumer spending — the main engine of growth — rose at its slowest pace in three years. Existing-home sales plunged in July, hitting their lowest point in five months because of rising mortgage rates.

Clear Channel sells 4 stations
        The radio climate has changed again in Greater Cincinnati with four stations under new ownership and one Covington radio group picking up stations in New York and Michigan.

Federated accused of hiding data
        A San Diego law firm is has filed a class-action lawsuit against Federated Department Stores, claiming the retailer misrepresented market information before reporting an expected decline in earnings.

Gas, oil prices head for winter heights
        CHICAGO — Already walloped by a rise in gasoline costs this year, American consumers are now about to face much steeper home heating bills with natural gas and heating oil prices near historic highs.

HIGGINS: Personal finance
        Want to find a useful stock-picking resource? Turn the page. A newspaper's stock pages hold solid fundamental information about thousands of firms.

Reconstructing financial records is time consuming
        When a section of Woodbridge on the Lake apartment complex burned down a few days before Christmas 1999, the loss was staggering: holiday presents, beloved pets, secure homes.

Savvy strategies
        Problem: You want to invest in an index fund, but hear the market is narrow and still want to diversify.

United, pilots continue talks
        CHICAGO — Contract negotiations between United Airlines and its pilots are intensifying as the two sides push for an agreement within the next few days that both hope will end months of turmoil at the world's largest airline.

Walgreens doubled bills, credited accounts
        ST. PAUL, Minn. — Talk about inflation. Joany Cody was shocked to discover that Walgreens drug store had charged her bank account almost $72 for several notepads, a pen, ice cream and a few other small items she picked up one day last week.

Business Digest

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
FRIDAY'S BUSINESS STORIES

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