The Cincinnati Enquirer
Monday, Jan. 24, 2000 -- Volume 5, No. 24
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Today's Business
P&G INVESTORS SCUTTLE DEAL
News leaks about the possible combination of all three companies “created an environment in which we cannot continue meaningful discussions,” said Durk Jager, P&G's chairman, president and chief executive.
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National headlines from the AP, updated around the clock.

Business Headlines for  Tuesday, January 25, 2000

Stock swings packing no punch
        Wilbur Yellin may be typical of Procter & Gamble's conservative shareholders: The consumer giant's flirtation with Warner-Lambert and American Home Products that ended Monday will not change the Wyoming resident's prudent stay-the-course approach.

It had to be P&G's way or no way
        Durk Jager's unsuccessful dalliance with making Procter & Gamble Co. into an overnight prescription drug king shouldn't be viewed as an assault on the company's entrenched value system. A deal will be done the Procter way, or no way at all.

P&G still thinking big in drug business
        Just because it couldn't complete the long bomb, don't expect Procter & Gamble Co. to stop looking downfield in its bid to make an impact in the high-risk, high-reward pharmaceutical market.

P&G's exit makes Pfizer the favorite
        Procter & Gamble Co.'s effort to buy Warner-Lambert Co. was an uphill fight from the start against an established industry powerhouse in Pfizer Inc., analysts said Monday.

Beer importer moves headquarters here
        It seems only right that Warsteiner, which bills itself as the best-selling German beer in the world, would want the company that handles its U.S. sales and marketing to be in an area that savors its German roots.

Scripps profits up 5%
        The E.W. Scripps Co. posted a 5 percent increase in net fourth-quarter earnings Monday thanks to strong gains at its specialty television networks.

INDUSTRY NOTES: BANKING
        Double-digit loan growth helped First Financial Bancorp post a 9.4 percent gain in 1999 profits, before merger-related charges.

TRISTATE SUMMARY
        Covington-based Ashland Inc. on Monday reported net income, excluding unusual items, of $37 million or 52 cents a share for the first quarter of the company's 2000 fiscal year.

PEOPLE ON THE MOVE

TRISTATE MARKET SPOTLIGHT
        Shares of Lexmark International Group Inc. gained $12.06 1/4, or 14.9 percent, to close Monday at $92.50.

NEWSMAKERS OF THE FUTURE
Want to know the future? Check out this list. We call it “21 to watch” — 21 rising stars in the fields of news, politics, business, arts and entertainment, food and sports for the 21st century.
21 to watch

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BUSINESS YEAR IN REVIEW
As financial times go, the last year of the last century of this millennium is winding down as a prosperous end to an era.
'99 In Review stories

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