Sunday, April 18, 2004

Queen City Rewind


The week in business news in Greater Cincinnati and Northern Kentucky

HEADLINERS

The Cincinnati Cyclones will suspend operations for the 2004-05 season, leaving Cincinnati's minor-league hockey landscape to the Mighty Ducks. The Cyclones' 1997 move downtown from the Cincinnati Gardens started a long, slow march to oblivion.

The final holdouts against selling their homes and businesses for the proposed Rookwood Exchange development in Norwood finally have their day in court. Everybody likes to cheer for the little guy, but hey, we might finally get a Crate & Barrel.

Federated Department Stores Inc. is negotiating to buy Marshall Field's department stores in what could be a $3 billion deal. This would give Federated yet another icon name, added to Macy's and Bloomingdale's. But will anybody be going to department stores in a decade?

A University of Cincinnati study funded by Cincinnati's Games Inc. says online sales of state lottery tickets could add $1.18 billion to lottery sales over five years. Of course, if that ever comes to pass, the company would prefer that the purchases come across one of its Internet sites.

TURNING OVER

Cyrus Freidheim will retire from Chiquita Brands International Inc. after a little more than two years as chairman. The company's fall into bankruptcy was hard on shareholders, and Chiquita still is in a brutal commodity business. But thanks at least in part to Freidheim, the days of trade battles under the Lindner family management seem pretty far behind. Now about that stock dividend ...

AT LEAST SOMEONE LIKES POLITICAL ADS

Thanks to more revenue from political advertising and its cable channels, E.W. Scripps Co. posted a 34 percent gain in first-quarter profits. That "Fine Living" is paying off for the media giant.

QUOTE OF THE WEEK

"It never lasts long in savings. We're always making a purchase." Retailers and economists love to hear thoughts such as this one from California, Ky.'s Shelly Kelley about her tax refunds.




BUSINESS HEADLINES
Queen City Rewind
Delta's Hot Seat
Look Who's Talking: Angie Hicks Bowman
Congress will be hearing from us
Business demand boosts global PC shipments
Reverse mortgages on the increase
Tristate business notebook
Eckberg: Make dough, pay dough
Want deep-discount trips? Bountiful on Web
Starbucks' growth strains bean supply
Business meetings this week
Cash-only physicians increase