The Cincinnati Enquirer
Saturday, Feb. 19, 2000 -- Volume 5, No. 50
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Today's Business
CINCINNATI INFLATION EXCEEDS U.S.
The level of prices in Cincinnati jumped 3.1 percent in the second half of 1999 compared with a year earlier, more than the national average, and led by increases in shelter, food and motor fuel.
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National headlines from the AP, updated around the clock.

Business Headlines for  Saturday, February 19, 2000

Cincinnati inflation exceeds U.S. rate
        The level of prices in Cincinnati jumped 3.1 percent in the second half of 1999 compared with a year earlier, more than the national average, and led by increases in shelter, food and motor fuel.

Gibson merger might be in trouble
        When Gibson Greetings Inc. agreed in November to be acquired by American Greetings for $10.25 a share, most analysts were surprised by the low price tag. American had, after all, offered to buy the card maker a year earlier for almost twice as much.

Cinergy execs buy $40M in shares
        Eighty of Cinergy Corp.'s top 100 executives have purchased more than $40 million of the company's shares in a stock purchase program believed unique in the utility industry.

Stocks tumble on rate jitters
        A snowball rolled down Wall Street on Friday, dragging down the Dow Jones Industrial Average almost 300 points and taking other leading indexes with it.

Price rises small in January
        WASHINGTON — Fuel oil prices hit a four-year high, but the surge in gasoline and other energy costs was blunted by the steepest decline in clothing prices in almost 11 years as consumer inflation rose a mild 0.2 percent in January.

Trade deficit soars on import demand
        WASHINGTON — America's trade deficit widened by more than $100 billion last year, reaching a record of $271.3 billion, the government said Friday. The booming U.S. economy pushed up demand for foreign goods, and the cost of imported oil more than doubled.

Time runs out for shoe store
        It's the end of the road for Just For Feet in Hyde Park Plaza, which plans to close Monday after financial problems forced its parent to liquidate stores in Cincinnati.

TRISTATE BUSINESS SUMMARY
        A second jury has cleared the United Dairy Farmers convenience store chain of discriminating against a fired black employee.

TRISTATE MARKET SPOTLIGHT
        Shares of Duramed Pharmaceuticals Inc. rose $1.50, or 13.3 percent, to close Friday at $12.75. The stock traded as high as $13.43 3/4.

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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