BUSINESS NEWS FOR SATURDAY, MAY 4, 2002
P&G to 'restage' Clairol brand
        Sales of Clairol hair care products have dropped about 5 percent during its integration into Procter & Gamble Co. Now, P&G is preparing to invest big dollars to restart the business.

New day for Sunny Delight?
        Controversies over Sunny Delight's contents and marketing shrank the drink's market share and forced owner Procter & Gamble Co. to spend big to resuscitate its fortunes. Now, Cincinnati-based P&G is hoping for better results from four new flavors and a $19 million ad campaign.

5/3 Day energized by Welch speech
        Former GE chairman Jack Welch visited Cincinnati Friday, to enlighten and inspire some of the Tristate's top business leaders with his views on everything from the Enron scandal to the keys to running a great company.

Jobless rate hits 6 percent
        WASHINGTON — The nation's unemployment rate shot up to 6 percent in April — the highest point in nearly eight years — as the effects of last year's recession continued to batter workers.

Tipsheet improved
        The Cincinnati Enquirer's free daily e-mail business briefing is even easier to receive. How do you get it? Click here to register.

YOUR MONEY
HIGGINS: Hands-off approach to investing
        Studies show excessively worrying about the market's daily gyrations can only stress you out and lower your returns.

Transfer IRA if it's inherited
        My father just passed away and I am the beneficiary of his IRA. What should I do with it?

Stop hiding those stock options, Greenspan says
        WASHINGTON — The lucrative stock options that showered millions of dollars on top corporate executives the past decade need to be treated as a business expense even though that accounting change could significantly reduce a corporation's reported profits, Federal Reserve Chairman Alan Greenspan said Friday.

Rate report
        A sampling of the highest rates available at Greater Cincinnati banks, and savings and loans:

LOCAL NEWS
What's the Buzz?
        Cincinnati-based clinical testing company Kendle International Inc.'s stock price plunged Friday after a sell-off that was sparked when two key analysts downgraded the stock following Thursday's first-quarter earnings report.

Tristate Earnings Reports
        Covington-based nursing-home pharmacy manager and drug research company Omnicare Inc. has reported net profits of $28.8 million for the first quarter, a 59-percent jump from the same period last year, when the firm reported $18 million.

Tristate Summary
        Employees at GE Aircraft Engines got a close look Friday at trailer-mounted power generators carrying LM2500 aeroderivative turbines made at the Evendale plant.

NATIONAL NEWS
TRW voters block bid
        LYNDHURST, Ohio — TRW Inc. said Friday that its shareholders voted to block Northrop Grumman Corp.'s $6.7 billion hostile takeover attempt, rejecting the defense contractor's bid to acquire more than 20 percent of TRW's shares.

Kmart to review management
        NEW YORK — As Kmart Corp. struggles to restructure and define its future under Chapter 11 bankruptcy protection, the company's troubled past keeps getting in the way.

SPECIAL COVERAGE
Greater Cincinnati 100
        Manufacturing dominates the field among Greater Cincinnati's 100 biggest private companies.
11 companies break into top 100
List of Greater Cincinnati 100