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BUSINESS NEWS FOR SATURDAY, JUNE 12, 2004
Chiquita sells Colombia unit
Chiquita Brands International Inc. reached an agreement Friday to sell its Colombian operations to a Colombian company in a deal valued at $51.5 million.


Formica prepares new start
With new executive offices awaiting it in downtown Cincinnati, Formica Corp. is preparing for life after bankruptcy.

Way bigger candy
Northern Kentucky rebels who spurn the nation's obsession with low-carb diets have launched a counterattack, of sorts, establishing a no-diet zone in the snack-food aisles of the Ameristop Express here.

United Way work begins
Vivian and Jim Schwab spend several hours a day on the 2004 United Way campaign, and it hasn't even officially started.

Business meetings this week
Announcements of meetings and seminars, and instructions for listing your event.
The Week Ahead

Business People
Promotions & new on the job.
MORE BUSINESS NEWS
Convergys misses goal, keeps tax deal
A Hamilton County tax incentive review committee has agreed to keep a tax-break deal for Convergys Corp.'s Norwood call center even though the company fell short of hiring goals.

Tristate summary
Cincinnati's Fifth Third Bancorp Friday completed its acquisition of Franklin Financial Corp. in the Nashville, Tenn., area, a stock deal worth about $317 million.

Some wonder if Field's stores worth the price
ST. LOUIS - When it came to shopping for growth, May Department Stores Co. considered getting five dozen Marshall Field's stores from Target a pretty sweet deal.

Resort group rejects MGM's Vegas bid
LAS VEGAS - Mandalay Resort Group rejected MGM Mirage's $4.85 billion cash buyout offer that would have created the largest casino company in the world, calling the $68 per share bid insufficient.


NEWS TIPS
Has your job been sent off-shore?
The Enquirer would like to hear from you. If you know of any companies in the Cincinnati area that have transferred jobs or outsourced work -- at the expense of local jobs -- to nations wiph lower labor costs, please e-mail us.

SPECIAL COVERAGE
Special Report: P&G's Russian Frontier
In a three-day series, The Enquirer's Cliff Peale reports from Russia on Procter & Gamble's manufucturing and marketing drive there and the implications for Greater Cincinnati.
SUNDAY STORIES:
Booming market bears potential and challenge
It's not like Kroger: 'Stores' make selling a challenge
New economy holds instability and risk
Overseas sales have big impact back home
MONDAY STORIES:
Making cleaning products, two worlds meet
Q&A: Former dancer takes giant leap
TUESDAY STORIES:
Europe teaches lessons about style
Vanity products are a gamble for Procter


Erpenbeck archive
William Erpenbeck Jr. spent a decade building a company that crumbled in months. Once one of the Tristate's biggest home builders, the Erpenbeck Co. succumbed to a bank fraud that affected lenders, subcontractors and home owners. Click here for links to all Enquirer reports.