The Cincinnati Enquirer
Wednesday, June 23, 1999 -- Volume 4, No. 174
L O C A L
S P O R T S
B U S I N E S S
W E A T H E R
T R A F F I C
Today's Business
P&G BRANDS RANK AT TOP
Procter & Gamble's products continue to rank No. 1 or No. 2 in most of the household-goods categories in which its brands compete.
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Headlines
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National headlines from the AP, updated around the clock.

Business Headlines for  Wednesday, June 23, 1999

Parking rates may rise
        City officials are asking Cincinnati City Council to increase downtown parking rates to free more spaces for shoppers and visitors.

Ashland considers selling coal interest
        Ashland Inc. said Tuesday it has hired an investment firm to weigh strategic options, including possible sale of its investment in Arch Coal Inc.

Power deregulation bill goes to Taft
        COLUMBUS — The Senate voted to accept House changes to a long-sought bill to bring competition to Ohio's electric power industry Tuesday, putting the Legislature's final stamp on the issue — for now.

Delta, Air France join cargo, passenger services
        ATLANTA — Delta Air Lines and the French national carrier Air France formally announced Tuesday a plan to align their cargo and passenger services as part of a long-term deal to form a major global alliance.

Minority contacts to be spread
        Opening doors and expanding all Greater Cincinnati businesses are goals for the 18th annual business exchange today and Thursday at the Northern Kentucky Convention Center.

TRISTATE SUMMARY
        Kroger Co. said Tuesday it would buy 41 stores from Albertson's Inc., a move that helps Albertson's complete its merger with American Stores Co.

INDUSTRY NOTES: MEDIA & MARKETING
        Peter Schwartz, president and chief executive officer of Bridge Integrated Communications, is in Kuala Lumpur, Malaysia, this week for the meeting of Worldwide Partners, the largest international network of independent advertising agencies.

BUSINESS NOTES
        The signs are up and it's official: A Sears, Roebuck and Co. store will open at 6000 Glenway Ave. — the former home of the McAlpin's/Dillard's anchor in Western Hills Plaza.

TRISTATE MARKET SPOTLIGHT
        Kendle International Inc. rose $1.621/2 on Tuesday, its second straight day of gaining more than 10 percent.

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