P&G, Coke form new company
Procter & Gamble and The Coca-Cola Company are joining forces to create a new global snack and business enterprise, the companies announced this morning.

Cincinnati Bell lays off 110
Cincinnati Bell announced a reorganization of its operations Tuesday, hoping to become more customer-focused.

Covington IRS center gets down to business
Since 1967, the Internal Revenue Service has been a major force in Greater Cincinnati — employing about 5,000 at the Cincinnati IRS Center on Fourth Street in Covington.

Business Headlines for  Wednesday, Feb. 21, 2001

Argosy revenues up; Grand Victoria still struggling
January was a good month at Argosy Casino in Lawrenceburg, Ind., but revenue continued to fall at Grand Victoria Casino in Rising Sun.

Firm out for bigger slice of Chiquita
If Chiquita Brands International Inc. is up for grabs at the negotiating table, a group of Central American investors wants a seat.

Mercy Health group chief quits
Julie Hanser, the chief executive who led Mercy Health Partners through eight years of reorganization and growth, has retired.

Business Digest
He was granted options to buy 400,000 shares of common stock over five years and 200,000 more shares over three years, the company said in a regulatory filing.

Director wants center world-class employer
Since October 1998, R. Wayne Hicks has been director of the Cincinnati Submission Processing Center — the largest division of the Cincinnati IRS Center, employing 3,500 of the center's 5,000 workers.

Exxon ordered to pay $500M
MIAMI — A federal jury Tuesday ordered Exxon to pay $500 million to 10,000 gasoline station owners in the country who claimed they were overcharged for gasoline for 12 years.

Industry notes: Banking
Millions of consumers will get a break because of the recent drop in interest rates, thanks to the Federal Reserve.

Tax questions? We can help
The Cincinnati Enquirer boosts its coverage of tax season Saturday with a look at why efforts to simplify taxes always seem to come up short. On the Your Money page, we'll kick off Gary Klott's series on taxes, starting with changes to federal and state income taxes.

Morning Memo
Power-plant gas turbines developed by PG&E National Energy Group that GE Power Systems' energy services unit said it has agreed to supply parts and services for — a 12-year deal worth more than $1 billion.

Tristate Business Summary
The stores, which sell auto-racing collectibles, apparel and memorabilia, will be shut in 30-45 days, and about 60 people will lose their jobs, spokeswoman Cheryl Daly said. TNN said branded-entertainment retailing is a depressed marketplace.

What's the Buzz?
The ideas are swirling around brains at the Cincinnati Museum Center.

S U N D A Y   S P O T L I G H T
'Anna' virus serves up e-mail headache
After last summer's “Love Bug”, many users got the message, that the battle against computer viruses demands constant vigilance. But others still fell for 'Anna.'