Sunday, April 25, 2004

Queen City Rewind


The week in business news in Greater Cincinnati and Northern Kentucky

HEADLINERS

Middletown-based AK Steel tallied its first quarterly operating profit since the third quarter of 2002, making $1.5 million for the first quarter. For a company that lost more than $1 billion during the past three years, it's a weighty milestone.

Greater Cincinnati garnered the designation as one of the most livable cities in the country, sparking a celebration for dozens of local leaders visiting Capitol Hill on a lobbying trip. The cheering will grow even larger if their lobbying succeeds in bringing home money for a new Brent Spence Bridge.

Ford Motor Co. will invest about $200 million in its Sharonville plant. Even better, the new funds are part of a collaboration with General Motors Corp. to develop a more fuel-efficient transmission, a high-profile project as gasoline prices flirt with record highs.

SORRY DONALD, GET IN LINE

Oxford's Candace Crist, owner of a pottery studio called You're Fired, says she'll only get publicity from Donald Trump's television show. Trump wasn't the first to come up with the catchy tag, but Crist doesn't mind. She hopes awareness generated by The Apprentice show will prove profitable for her company.

WINNING FRIENDS

The California Public Employees Retirement System withheld votes for three directors at Cincinnati Financial Corp. on corporate governance concerns. The immediate impact may be hard to notice. But experience says that when powerful investor muscle becomes involved in corporate governance, things usually happen.

QUOTE OF THE WEEK

"There is no question in my mind that some people will choose not to go to college because tuition is going up. Don't think for a minute that I like this." Northern Kentucky University president James Votruba made the remarks while announcing a tuition increase of up to 16.7 percent.




BUSINESS HEADLINES
Out with the old, up with the stock,
Eckberg: Like a slinky, change slips into our lives
Small business offers boomers a new career
Queen City Rewind
Look Who's Talking: Bleuzette Marshall
Tristate business notebook
Business agenda
Patent-busting urged