Sunday, May 23, 2004

Queen City Rewind


The week in business news in Greater Cincinnati and Northern Kentucky

HEADLINERS

Call it realigning or reshuffling, but Procter & Gamble Co.'s executive changes announced this week make three things clear: Beauty care is set aside as P&G's growth engine, Kerry Clark and Susan Arnold are the favorites to be the next CEO, and current CEO A.G. Lafley is serious about putting his stamp on the company.

Expect flight delays to increase this summer at Cincinnati/Northern Kentucky International Airport and other major U.S. airports as Americans return to air travel after years of reticence in the wake of the 9/11 attacks. Cash-needy airlines are happy to fill the seats but like their passengers also face the negative impact of higher fuel prices.

The Contemporary Arts Center hired Linda Shearer as its new director, entering a new era in its dazzling new building. Shearer will leave the Berkshire mountains and the Williams College Museum of Art for the CAC.

KENTUCKY CONNECTIONS

A new movie theater and retail complex in Erlanger is the latest of three shopping developments planned for Northern Kentucky. They'll be welcome additions to shoppers on the south side of the Ohio River.

National United Auto Workers leaders have pulled out of Toyota Motor Corp.'s Georgetown, Ky., plant, failing again to convince workers there to organize a union.

LABOR PAINS

Meanwhile United Steelworkers of America rallied outside the Batesville Casket Co. plant in Indiana, calling attention to stalemated talks with the unit of Hillenbrand Industries. One of the sticking points is the company's refusal to include language about the possible outsourcing of jobs.

QUOTE OF THE WEEK

"I do not share your religion. But I share your faith." This was part of Reds owner Carl Lindner's response after being honored as the biggest non-Jewish buyer of State Israel Bonds. Organizers of the event received pledges for the purchase of more than $71 million in bonds from the nearly 1,000 people who attended a tribute to Linder.




BUSINESS HEADLINES
Queen City Rewind
Aguirre to face shareholders
Bush, Kerry differ on energy
Feng shui offers peace at work
Look Who's Talking: Michael Gilkey
New 7E7: Faster, higher - better
Eckberg: Dieters cut carbs, boost crankiness
Business Agenda
Tristate business notes