Wednesday, July 14, 2004

Tristate business summary

FTC wants info on Omnicare's bid

Omnicare Inc. said Tuesday that the Federal Trade Commission has asked for more information for its review of Omnicare's $1.5 billion hostile takeover bid for rival NeighborCare. The Covington-based nursing home pharmacy services chain said the FTC's antitrust review of the deal will end no more than 10 days after Omnicare complies with the request. It did not say what information the FTC requested. Shares in Omnicare closed at $41.26, up 12 cents.

Hispanic Chamber members get deal

Members of the Hispanic Chamber of Commerce of Greater Cincinnati can get a break on membership in the Greater Cincinnati Chamber of Commerce. Hispanic chamber members with fewer than 50 employees can get full benefits in both chambers for $99, while the cost is $299 for companies with more than 50 employees. Companies must be Hispanic-owned or employ a majority of Hispanic workers. The Greater Cincinnati Chamber said it has signed a similar deal with the Greater Cincinnati Northern Kentucky African American Chamber of Commerce.

Staff reports

Auto incentives may be best ever*
Credit rating can alter incentive
Concrete shortage begins to harden
$1.5B tax write-off by Delta
GEAE market best since pre-Sept. 11
Pierre Foods sold to investor group
Locally, more fingers do the walking to florists
Deficit up 20 percent over 2003
Whistleblower claims stay alive in lawsuit
Discount retailer headed this way
Small raises next 2 years, surveys say
After year of hits, Disney struggles
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