Wednesday, August 4, 2004

Tristate business summary

Ohio Casualty results improve

Fewer claims helped Ohio Casualty Corp. post improved results for the second quarter, the Fairfield-based insurer reported late Tuesday. The company reported net income of $32.7 million, or 52 cents per diluted share, versus $11 million, or 18 cents per diluted share for the second quarter of 2003. Quarterly revenues rose to $419 million from $409 million.

LanVision debt restructured

Blue Ash-based electronic medical records firm LanVision Systems Inc. has restructured its debt, paying off its long-term debt and accompanying deferred interest and entering into a new three-year $3.5 million credit facility with Fifth Third Bank. The move will cut second-half interest costs by about $846,000 to $109,600.

LanVision's stock closed at $3.12, up 11.8 percent.

Cinergy expects $20M pre-tax gain

Cinergy Corp. said Tuesday that it expects a pre-tax gain of $20 million as the result of communications tower owner Lattice Communications LLC's decision to sell 235 towers for $115 million to Global Signal Inc. Cinergy is one of the investors in Lattice.

New carrier may join Delta
Coke's pop art poster touts Freedom Center
Ky. bank's CEO aims to expand
LSI's stock tumbles 10%
Martha Stewart Inc. takes bath
Photo essay: Heart and sole
Oil prices slam markets again
Car sales rebound in July
Consumer spending drop in June biggest since 2001
Huffy trying to steer around bumps in road
Banks address U.S. alert
Adjacent Jeep supplier in Toledo a U.S. first
Tristate business summary
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