BUSINESS NEWS FOR TUESDAY, JUNE 11, 2002
Erpenbeck victims can join class action
        More than 200 Erpenbeck Co. customers whose homes are double-mortgaged because of home closings gone awry will proceed as a class in a civil lawsuit seeking reparations from Peoples Bank of Northern Kentucky.

Home market begins to favor the buyers
        Greater Cincinnati home sales are so robust that they may set another record this year — defying an otherwise stagnant economy.

Comair closing Orlando hub
        Comair on Monday said it would close its Orlando hub this fall as the regional airline removes itself from the leisure-based Florida market and concentrates on business travelers.

Peerless consolidating operations to Sidney
        SIDNEY, Ohio — The Peerless Group plans to move operations from its businesses in Chicago and Florida to its manufacturing plant in southwest Ohio.

Morning Memo
        Hot tips and news to start your business day.

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.

ALSO IN BUSINESS
Palm gets new OS
        SANTA CLARA, Calif. — A year ago, investors were losing faith in Palm Inc. The once high-flying company itself admitted to frailty and mistakes.

Adelphia fires accounting firm
        PHILADELPHIA — Adelphia Communications, under investigation for questionable accounting practices between the company and partnerships controlled by the family of founder John J. Rigas, Monday said it had dismissed Deloitte & Touche as its accountant.

R.I., Idaho led U.S.'s growth
        WASHINGTON — At the end of America's longest economic boom, Rhode Island and Idaho led all states in economic growth while Alaska and Louisiana, where the recession started, were dead last, the government reported Monday.

Nordstrom.com CEO, president resign
        SEATTLE — The top two executives of Nordstrom.com, the online retailing arm of Seattle-based retailer Nordstrom Inc., have resigned, the company announced Monday.

SEC settles dispute with Ashford.com, Amazon.com
        SEATTLE — The Securities and Exchange Commission has fined two executives of Internet retailer Ashford.com $85,000 and ordered the Houston company to refrain from committing accounting fraud violations the agency said resulted in misleading financial results.

Venture capitalists sustained 27.8 percent loss during 2001
        SAN FRANCISCO — After escaping serious damage in the early stages of the high-tech wreck, venture capitalists suffered even deeper financial wounds than stock market investors last year, according to industry figures released Monday.

IN BRIEF
Business Digest
        Jurors in Arthur Andersen LLP's obstruction-of-justice trial adjourned their fifth day of deliberations Monday without reaching a verdict on the destruction of documents related to Enron Corp.

Tristate Summary
        BAE Systems Plc, one of Europe's largest defense and aviation groups, Monday said it has entered talks about possibly acquiring TRW Inc., a U.S. defense and automotive business.

What's the Buzz?
        Good weather, promotional prices and curiosity drew crowds to LeSourdsville Lake Amusement Park this past weekend near Monroe.
SUNDAY SPOTLIGHT
How A. G. Lafley saved P&G
        Two years after taking over as president, A.G. Lafley has restored $40 billion in market value and reinvigorated the maker of Tide, Crest and Pampers.
The Lafley method: Face the facts, think like a consumer
Up next: Innovation, more cost-cutting

Baldwin just a fading note
        A year after Baldwin Piano & Organ Co. sought bankruptcy, little remains of the 140-year-old piano-making icon except a lawsuit.

Research to find phone deals
        If you've spent any time scrutinizing your telephone bill recently, it probably leaves you with as many questions as answers.

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