Tuesday, July 13, 2004

Tristate summary

NCR rings up strong sales

Staff/Wire reports

NCR Corp., a leading maker of ATMs and cash registers, said it expects second-quarter results due July 29 to exceed expectations because of strong sales and gains in efficiency. Its New York Stock Exchange-listed shares closed Monday at $51.81, up $4.79, or 10 percent.

The stock hit a 52-week high of $52.58 in trading earlier in the day. The Dayton-based company now expects earnings of more than 35 cents a share on revenue of about $1.44 billion to $1.45 billion. NCR said sales of its Teradata Data Warehousing and Financial Self Service businesses were well ahead of expectations.

AT&T Internet available here

AT&T Monday expanded availability of its Internet Protocol phone services to 28 new cities including Cincinnati. AT&T, which now offers its CallVantage service in 100 markets in 29 states, is offering unlimited local and long-distance service for $19.99 a month for the first six months (normally $34.99 a month). AT&T, which last month stopped marketing new local and long-distance service in Ohio and six other states, is also introducing CallVantage in Columbus and Cleveland. .

EPA adds to case against utility

The U.S. Environmental Protection Agency notified American Electric Power Co. on Monday that it's amending its complaint that the company violated the Clean Air Act by installing new equipment at seven power plants without obtaining proper permits. The seven plants - three in Ohio, three in West Virginia and one in Indiana - are the subject of a 1999 lawsuit against AEP that is scheduled to go to trial in July 2005. Monday's notice adds several violations the agency alleges occurred while the original violations took place. The EPA says AEP did not obtain proper permits for work done at the plants that fell outside the "routine maintenance, repair and replacement" exemption in the Clean Air Act.

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Tristate summary
Business digest