Tuesday, August 17, 2004

Tristate summary


NYSE delists Huffy common stock

The Enquirer

The New York Stock Exchange delisted Huffy Corp.'s common stock Monday, saying the market value of the sports equipment company had fallen below $50 million.

Miamisburg, Ohio-based Huffy moved quickly to allow its stock to be traded in the over-the-counter market. Shares in Huffy closed down 23 cents, or 40 percent, at 35 cents.

LSI appoints board member

LSI Industries Inc. has named Mark A. Serrianne, CEO of Northlich Inc., a Cincinnati-based advertising and public relations firm, to a vacancy on its board of directors. Serrianne is president of the board of trustees at the College of Mount St. Joseph and is a member of the National Advertising Review Board. LSI also promoted Scott D. Ready to president of its newly formed LSI Lighting Solutions Plus unit.

GE gets support for new engine

General Electric Co. has agreements in principle with two revenue-sharing participants on its new GEnx engine for Boeing Co.'s 250-passenger 7E7 jetliner. Japan's Ishikawajima-Harima-Heavy Industries (IHI) and Avio SpA of Italy will design and build 27 percent of the new engine slated for a full test in 2006. Both companies are longtime revenue-sharing partners on GE jet engine programs. GE is vying with Rolls Royce to power the 50-plane launch order by Japan's All Nippon Airways for the 7E7 jet. IHI will oversee the low-pressure turbine and several stages of compressor airfoils for the successor to GE's CF6 engine. Mitsubishi Heavy Industries in Japan will also work with IHI on some of the parts, GE said. Avio, based in Turin, will oversee engine gearboxes and the low-pressure turbine. Negotiations with another revenue-sharing partner, Snecma Moteurs of France, are continuing.




BUSINESS HEADLINES
Fiorini accepts plea bargain
3 admit guilt in flipping schemes
Your $1.25 million dream house? Home sweet silo
P&G rolling out plethora of new consumer goods
Delta, pilots to resume discussions
Local firms pitch in on Charley cleanup
O'Gara adds big-name advisers
Groceries, workers agree on new contracts
Tristate summary

TECH TUESDAY
Post-Soviet scientists enjoy home advantages
Handheld computer ideal for student