Thursday, March 11, 1999
TRISTATE BUSINESS SUMMARY
Gregg Appliances opening fifth store
Cincinnati's latest appliance retailer, Gregg Appliances Inc., is opening its fifth area store Friday in Westwood as it continues a rapid expansion into former Sun Television and Appliances locations.
H.H. Gregg, which specializes in appliances and electronics, will open at 5111 Glencrossing Way. Since late February, Gregg has opened stores on Fields Ertel Road, in Colerain Township, in Florence and in the Eastgate area.
The retailer plans to open three more stores in Hamilton, Alexandria and Aurora. All are former Sun locations acquired by Gregg for $8.6 million. Sun filed for Chapter 11 bankruptcy protection in September and is liquidating.
P&G introducing deodorant, body wash
Procter & Gamble Co. will introduce two beauty-care products this spring with familiar labels.
P&G will introduce its Secret Platinum Protection deodorant — the strongest available without a prescription — in May, the company said.
The new Secret brand, which comes in a soft-solid form, will replace Secret Ultra Dry and carry suggested retail prices of $2.69 for the 1.6-ounce size and $3.69 for 2.6 ounces.
P&G already has introduced its new body wash — Oil of Olay Daily Renewal Moisturizing Body Wash — in Cincinnati.
The body wash, which adds petrolatum to the Oil of Olay moisturizing formula, will be available nationwide next month, P&G said.
Former Reagan adviser to speak at Miami U.
Murray Weidenbaum, chairman of the Council of Economic Advisers under President Reagan, will speak on “American Business in the Changing Global Marketplace” Wednesday at Miami University in Oxford.
The 7:30 p.m. talk in Hall Auditorium is free and open to the public.
Mr. Weidenbaum is the Mallinckrodt Distinguished University Professor at Washington University in St. Louis, where he is also chairman of the Center for the Study of American Business.
During his visit, Mr. Weidenbaum will also speak to a private group at the Federal Reserve Bank of Cleveland, Cincinnati Branch.
Convergys signs deal with Austrian company
Convergys Corp., the Cincinnati provider of customer care and billing software, has signed an agreement with Telekabel, a leading cable TV supplier in Austria.
Financial terms weren't disclosed, but Convergys said that under the two-year licensing agreement, it will supply Telekabel with systems for subscriber management and billing for video, telephony and high-speed data services.
House bill establishes quotas for steel imports
A House committee, under pressure to respond to a recent surge in steel imports, sent to the full House on Wednesday a controversial bill establishing quotas.
The measure is likely to draw considerable support from steel-state representatives eager to help struggling workers who think that import limits are needed to prevent additional U.S. layoffs. But the bill faces a troubled future in the Senate and with the administration, which threatened a veto Wednesday.
The bill would limit steel imports to the levels they were before July 1997.
The quota bill is sponsored by Rep. Pete Visclosky, D-Ind.
Fed-up customers rail against airlines
Cintas is Ky. Speedway's first big sponsor
Bill introduces competition to electric industry
Former Mercantile workers begin to heal
Lottery's been good for Interlott in '98
Women's progress in business traced at awards ceremony
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