Tuesday, October 26, 2004

Business summary

Bigg's to open in Hyde Park Plaza

Bigg's will occupy a spot vacated by Thriftway in Hyde Park Plaza - just around the corner from Kroger's highest-volume store.The Supervalu unit said Monday that it will assume the lease on the 64,000-square-foot location in hopes of opening a food-only store in early spring. Bigg's generally sells a broad range of food and merchandise in hypermarkets of more than three times the size of the former Thriftway. The new store, actually in Oakley, will be biggs' 12th in Greater Cincinnati.

James McNair

Mount Adams firm makes acquisition

Rippe & Kingston, a Mount Adams company that sells management systems to law firms, said Monday that it has signed an agreement to buy substantially all of the business assets of two Canadian companies that cater to the same market.

Rippe & Kingston agreed to buy Manac Solutions and Manac Development Corp. of Montreal. The two companies had provided turnkey software solutions to law firms throughout North America since 1976. Company officials could not be reached Monday for details about the purchase price and effect on employment.

James McNair

General Cable amends terms

General Cable Corp., the cable and wire maker based in Highland Heights, said Monday that it has successfully completed an amendment to its asset-based senior secured credit agreement. The amendment lowers the borrowing rate on its $240 million senior secured credit facility by 50 basis points.

Staff report

As Ohio struggles, candidates offer ideas on economy
No deal reported with pilots
Pilots' chief says salaries not main woe
Home sales dip slightly
Contract agreement can't stop drop in Kroger stock
Record earnings at Ashland Inc.
Forest Park honors firms
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