BUSINESS NEWS FOR SATURDAY, JUNE 8, 2002
Oil plant expansion gets OK
        The Cincinnati Planning Commission on Friday overturned its rejection of plans to expand a fatty oils plant at an old railroad yard in Sedamsville.

Panelists maintain faith in markets
        Scandalous headlines and bear markets may have broken investors' trust in Wall Street - but not shattered it, say members of the Enquirer's Portfolio Panel.

Woman tangled in auto scheme
        First she was swindled out of $14,500 by a car dealer who later died. Then she lost a court battle to keep the car. Now, Annette Lucker is firing verbal salvos at the bank that's waiting to tow the car away.

Auto posters get global status
        For 23 years, a Madisonville design firm has transformed luxury cars into high art.

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.

Economists: Numbers nice, but labor market lags
        WASHINGTON — The nation's unemployment rate unexpectedly fell in May for the first time in three months to 5.8 percent. Economists cautioned the improvement probably would be temporary and new jobs still hard to find.

Market decline hurts investor confidence
        NEW YORK — When the market plunged sharply following the Sept. 11 attacks, investors were concerned but understanding. However, nine months later, with stocks seemingly on a retreat back to those levels, Wall Street is considerably more worried.

Merrill Lynch revises rating system
        NEW YORK — Investment bank Merrill Lynch on Friday announced plans for a new rating system for stocks, intended to be easier for investors to use. Its research analysts would be paid according to a new performance-based system.

HIGGINS: Personal Finance
        With all the noise about young Americans swimming in debt, many parents have forgotten the difference between good debt and bad debt.

Savvy Strategies
        Problem: What is a way to give to charity that's less complex than a charitable trust but more controllable than an outright donation?

Rate report

Business Digest
        Americans increased their borrowing in April at the fastest pace in five months, especially with credit cards. Consumer credit rose by a seasonally adjusted $8.9 billion, or at a 6.3 percent annual rate, the Federal Reserve reported Friday.

Tristate Summary
        Federated Department Stores said Friday it has agreed to buy two Gottschalk's stores in the Pacific Northwest and will convert them to Bon Marches. No sales price was disclosed.

What's the Buzz?
        The Cincinnati/Northern Kentucky International Airport this week was named “Airport of the Year” by the London-based aviation trade publication Regional Airline World.

SPECIAL COVERAGE
Erpenbeck archive
        A. William Erpenbeck spent years building a company that appears to be crumbling. One of the Tristate's biggest home builders, the Erpenbeck Co., is under federal investigation for a suspected bank fraud that is affecting lenders, subcontractors and home owners. Click here for links to all Enquirer reports.

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