Friday, January 3, 2003

Tristate Summary

Citirama will be on Wiedemann

The Homebuilder's Association of Northern Kentucky Thursday confirmed that it has chosen The Estates of Wiedemann Mansion in Newport as site of one of the area's premier home shows for this year.

Citirama 2003 next fall will be two blocks from last year's show on the hilltop neighborhood, which offers river and city views.

The "gaslight" community will offer 26 homes valued at $500,000 to more than $1 million, the association said. Wiedemann Mansion was designed and built in 1880 by architect Samuel Hannaford, known for his work in Cincinnati, including Music Hall.

GE Engines has Air Force work

Evendale-based GE Aircraft Engines has received a firm, fixed-price contract of up to $34.6 million from the U.S. Air Force.

GEAE will provide 125 turbine engine frames for the GE-F101 engine powering the Air Force's B-1 bomber.

GEAE will deliver four of the engine frames in December and five a month during 2004.

Payday lender settles complaints

Irving, Texas-based ACE Cash Express, the nation's largest payday lender, will pay more than $500,000 and reform its business practices to settle disputes with regulators in Ohio and Florida.

The settlement is the latest since federal banking regulators in October barred ACE from making high-interest loans in 18 states together with a small California bank, an arrangement that let ACE evade restrictions.

Under the deal announced late Wednesday, the company said it plans to continue making payday loans in Florida and Ohio, but will now comply with the states' lending laws.

- Staff and wire reports

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