BUSINESS NEWS FOR TUESDAY, JANUARY 13, 2004
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Frisch's has record sales and earnings
The Cincinnati-based operator of Frisch's Big Boy and Golden Corral restaurants continued its stellar performance Monday, reporting record sales and earnings for the second quarter of fiscal 2004.
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LCA-Vision outlook rosy
KENWOOD - Laser eye surgery provider LCA-Vision Inc. Monday saw its stock soar after it said profits could be up as much as 50 percent during the upcoming year.
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U.S. air security called better
Expect to see more alerts raised over international flights in the future, a globally known aviation security expert said Monday, nearly a week after a Delta Air Lines flight from Paris landed in Cincinnati amid a terrorism scare.
Fiorini associate gets probation for fraud
DOWNTOWN - Stephen R. Ventre was placed on probation for five years Monday for running an $800,000 bond scam before going on to bigger endeavors with embattled investment promoter George Fiorini.
Pac Worldwide adds warehouse
SHARONVILLE - Pac Worldwide Corp., which makes packaging material for the shipping industry, has established a new distribution warehouse at ProLogis Park. Darren Tuck, director of operations for Redmond, Wash.-based Pac, did not know how many jobs the expansion would add; the company employs about 150 at the new Sharonville facility and at a factory in Lebanon. Terms of the deal weren't disclosed.
Disney to shut down animation studio in Orlando
LOS ANGELES - The Walt Disney Co. is shutting its Orlando, Fla.-based animation studio, cutting about 258 jobs, as the company shifts from hand-drawn animated films to computer-generated features and videos.
GM to recall more than 800,000 cars
DETROIT - General Motors `Corp. is recalling more than 800,000 cars because of a power-steering defect that might have led to at least eight injuries, the automaker said Monday.
Iraqis await pricey cell phones
BAGHDAD, Iraq - Mobile phones fill the display cases of Monadhel al-Obedi's shop - from high-end Nokias with cameras to bare-bones Alcatels. Price too high? "No problem," al-Obedi says, offering a smile and a discount.
Parmalat hopes to save dairy unit
ROME - A restructuring team looking to save embattled food giant Parmalat will likely try to sell the company's international units but hopes to keep the core domestic dairy business in Italian hands, a government minister said Monday.
Parmalat provided transport service for politicians
ROME - Parmalat founder Calisto Tanzi ferried prelates and politicians on his fleet of planes and yachts and supplied the executive jet that flew a U.S. ambassador to the Vatican on a secret, unauthorized trip to Libya in 1986, officials said.
Lawyers try again to salvage Fastow plea
HOUSTON - After a weekend of negotiations, lawyers for the wife of former Enron Corp. finance chief Andrew Fastow tried again Monday to clear a hurdle in a plea deal for their client.
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.
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