The Cincinnati Enquirer
Wednesday, Jan. 26, 2000 -- Volume 5, No. 26
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
HOME SALES A RECORD - AGAIN
        A high level of consumer confidence and low unemployment spurred sizzling home sales in 1999, breaking records in Greater Cincinnati for the fourth consecutive year.
Interest rates could break streak
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Headlines
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National headlines from the AP, updated around the clock.

Business Headlines for  Wednesday, Jan. 26, 2000

P&G profits up, stock down
        Procter & Gamble's earnings were up 11 percent in the second quarter, but the company's stock price remained depressed in the wake of merger talks with two big drug makers.

TRISTATE EARNINGS REPORTS
        AK Steel reported lower fourth-quarter and full-year earnings.

Retailers sue over debit cards
        Wal-Mart, Cincinnati-based Federated Department stores and other large U.S. retailers will seek $8.1 billion in damages from Visa and MasterCard for alleged debit card antitrust violations, according to a newspa per report Tuesday.

Index rates consumers as thrilled
        Consumer confidence, a driving force in the economy's long expansion, has soared to its highest level in the 33 years that the statistic has been kept, driven by the booming stock market and plentiful jobs.

EBay earnings exceed expectations
        Online auction house eBay Inc. topped Wall Street's estimates Tuesday, posting higher-than-expected fourth-quarter earnings reaped from record numbers of registered users and auctions.

TRISTATE BUSINESS SUMMARY
        Hoping to once again outperform the market, portfolio managers at Fifth Third Bank announced which stocks they think are hot for 2000.

INDUSTRY NOTES: RETAIL
        Store of Knowledge has acquired 21 Learningsmith educational games and toy stores, but not the Learningsmith in Tri-County Mall. That store closed this month.

TRISTATE MARKET SPOTLIGHT
        Shares of Regent Communications Inc. rose 41 percent to $12 Tuesday, its first day of trading.

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

year in review logo
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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