VENTURE CAPITAL EXCEEDS $1 BILLION
Cincinnati venture-capital funds now manage more than $1 billion, most of it available to finance startupsand expansions by local entrepreneurs. START-UP LOOKS FOR TROUBLE
For every business situation, there's a database of customers, financial information, operations, inventory and more. And every database is a disaster waiting to happen.
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Business Headlines for Tuesday, September 19, 2000
Tristate's growth to slow
Economic growth will slow next year as the Federal Reserve's interest-rate increases take greater effect, but Cincinnati's diverse economy will allow it to grow faster than the nation overall, a panel of local economists believes. P&G hopes to clean up with tablets
Procter & Gamble has added premeasured laundry tablets to its lineup of Tide products, aiming to squeeze more sales out of its flagship detergent brand. Port authority set to buy Sharonville site
The Cincinnati and Hamilton County Port Authority should have its first contaminated property to clean up and redevelop Oct. 19. Tristate Summary
GE Aircraft Engines' plant in Lynn, Mass., has won a $385 million Navy contract to supply engines for the F/A 18E/F Super Hornet jets. What's the Buzz?
After a two-month delay when its riverboat casino was damaged in a Mississippi River collision, the Belterra Resort & Casino will open for a test day Oct. 23, officials said Monday. Industry notes: Banking
U.S. thrifts posted a 5 percent decline in second-quarter earnings from a year ago, according to the federal Office of Thrift Supervision. Nike 'slasher' parody pulled by network PORTLAND, Ore. Nike chairman Phil Knight said Monday that NBC has pulled one of the athletic shoe giant's commercials a slasher movie parody from the television network's Olympic advertising lineup. Avon now calling at Sears, Penney's NEW YORK Avon Products is still calling, but these days a lot of younger, working women aren't at home to answer. Cadbury Schweppes snaps up Snapple NEW YORK Cadbury Schweppes Plc, the British company famous for its bubbly tonic water, is jumping headlong into the market for New Age beverages with its acquisition of the category-leading Snapple line of teas and juice drinks.
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