Thursday, May 20, 2004

Tristate business summary



Valeo settles EPA complaint

Valeo Climate Control Corp., an auto equipment supplier in Hamilton, has agreed to a $22,500 settlement with the Ohio Environmental Protection Agency over air pollution monitoring and record-keeping violations. The Ohio EPA said the company, which makes automotive heater coils, didn't submit two reports on an air handling system in 2002, and didn't perform required machine inspections.

Broker receives 5 years for fraud

Robert T. Young of Cincinnati was sentenced to five years in prison Wednesday in Hamilton County Common Pleas Court for defrauding two securities brokerage clients of more than $450,000. Young pleaded guilty to securities fraud, false publication of securities transactions, theft and aggravated theft. He committed the crimes as a broker for Money Concepts Capital Corp. of Palm Beach Gardens, Fla.

Financial facts taught to kids

The first class of the Fifth Third Young Bankers program graduates today. More than 100 students from five Cincinnati Public Schools will be recognized for their completion of a 10-week financial literacy course. The program, taught by Fifth Third employees, will be expanded this fall to 10 more CPS schools.




BUSINESS HEADLINES
Procter shuffles top team
In year four, a shift at P&G
Coke lawsuit clears hurdle
Peale: Butler's sights set on hotels
Cinema, shops part of Erlanger plan
Cintas pollution suit settled
Housing, shops near UC praised as model for area
What next? Be nice, win tickets
Wine drinkers can check labels for low-carb, low-fat declaration
Tall Stacks gets honor for promoting Cincinnati
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