Friday, March 5, 2004

Tristate business summary



Delta sees traffic increase 8 percent

Delta Air Lines saw its system traffic rise 8 percent in February as compared with the same month last year. The Atlanta-based carrier, which operates its second-largest hub locally, also increased its capacity by 8.1 percent year over year, reporting no change in how full its planes were, at 68.6 percent. Domestic traffic on Delta's Erlanger-based regional carrier Comair went up 16.5 percent in February over the same month last year while domestic capacity went up 44.3 percent.

Wella shareholders file against P&G

Minority shareholders in Wella AG on Thursday filed an application with a German court to declare a Procter & Gamble Co. licensing agreement with Wella unlawful. The shareholders had threatened that action after P&G rejected demands for a special auditor to examine P&G's acquisition of Wella last year. P&G owns almost all the voting stock and about 80 percent of total Wella shares. The shareholders say the licensing deal, which grants P&G the right to market and sell Wella's retail products worldwide, are part of an unlawful integration of Wella into P&G.

Cheviot Financial declares dividend

Cheviot Financial Corp., the new parent of Cheviot Savings Bank, has declared its first dividend, 5 cents a share. It will be paid March 31 to shareholders of record March 15. The new dividend comes two months after Cheviot Financial completed a public stock offering.

Rotex wins order from Potash Corp.

Cincinnati's Rotex Inc., a supplier of industrial screening for industries, has won a multimillion-dollar order for 19 of its new mineral separators from Potash Corp. of Saskatchewan, a producer of potash, nitrogen and phosphate. The equipment, replacing older Rotex machines, will be installed later this year in Potash's Rocanville, Saskatchewan, plant.

Staff reports




BUSINESS HEADLINES
Ham operators dread power-line Web access
Bell to keep jobs downtown
Fiorini wants change of venue for his fraud trial
Landscapers hope to reap big returns
Show homes to reach $2 million
P&G deal launches products for boys
Critics: Disney needs a broom
Company's stock rise adds to uncertainty over Eisner
Federated raises sales, earnings forecasts
Consumer confidence boosts retail for 3rd straight month
Games Inc. predicts profit
Ask Jeeves buys out Excite
Founder stepping down as CEO of Dell
Lens maker seeks 1,250 volunteers to leave
Tristate business summary
Business digest
Business people