Insight renews Convergys pact

Cincinnati-based Convergys Corp. has signed a license renewal for its ICOMS billing and customer management software with Insight Communications Co. Insight provides cable TV service in Northern Kentucky. Financial terms weren't disclosed, but Convergys said the five-year renewal allows Insight to offer customers bundles of services on a single bill. Insight, the nation's ninth-largest cable operator, has 1.4 million customers in Illinois, Kentucky, Indiana and Ohio.

AK Steel raising more prices

MIDDLETOWN - AK Steel Corp. this week said it will increase the price of its electrical sheet steel and strip products by $90 a ton, effective with shipments March 1. The company this month had already increased the prices of its electrical steels and its carbon steels by $30 a ton each. Electrical steels are used in motors, transformers, generators and ignition coils. Carbon steels are used in cars and household appliances.

Huffy announces 100 job cuts

MIAMISBURG - Bicycle maker Huffy Corp. said it will cut slightly more than 100 jobs, or about a fifth of its work force. Most of the cuts will come from Gen-X Inc., a Toronto-based company Huffy bought in September 2002. The unit, which makes products for golf, snowboarding, inline skating, skiing and hockey, was supposed to help the company get into faster-growing product lines than its main product of bicycles. But Gen-X has been a drag on margins, and its performance has been lagging. Also this week, Huffy reported a net loss of $11.8 million, or 74 cents a share. That compares with the previous year's loss of $4.2 million, or 29 cents a share, in the same period. Huffy's fourth-quarter loss reflects the declining sales and margins in basketball backboards, inline skates and action sports product lines.

Staff/wire reports