Thursday, June 19, 2003

Tristate summary

From staff reports

Air Force buying new GE engines

The Air Force has released $31 million to purchase CFM56 engines to re-engine two RC-135 reconnaissance aircraft.

The CFM56-2 engines (designated the F108 for military applications) are marketed by CFM International, a joint venture of GE Aircraft Engines in Evendale and Snecma Moteurs of France.

At this week's Paris Air Show, CFMI said it has taken orders for 436 engines this year valued at more than $2 billion.

Also at the air show, GEAE said Kuwait Airways ordered upgrade kits for its GE90 engines valued at $11 million. The upgrades will improve thrust and performance of Kuwait Airways' Boeing 777 jets.

P&G modifies Sunny D TV ad

Procter & Gamble Co. has agreed to modify a TV commercial for its Sunny Delight juice drink, the Children's Advertising Review Unit of the Council of Better Business Bureaus said Wednesday. The commercial depicted a bottle of Sunny D Citrus Punch breaking out of a concrete block.

The unit "was concerned that children watching the television commercial would believe that drinking Sunny D would give them great strength and that the product contained large amounts of fruit. In fact, the product contains only 5 percent juice and contains no special ingredients to give a child great strength," it said in a news release.

P&G disagreed, but adjusted the opening line and added a voiceover stating "5 percent juice," it said.

Cincinnati Bell steps into Dayton

In only its second expansion outside Greater Cincinnati, Cincinnati Bell has introduced a line of telecommunications services to businesses in Dayton, Ohio.

The company is already providing service to two companies and has others signed up or interested, said Karl Weidner, general manager of out-of-territory expansion.

Bell is studying whether to expand into residential service in Dayton, where SBC-Ameritech is the local exchange provider.

Web site hooks up golfers to bargains
Mortgage lenders swamped
Lenders decry 0% financing
Milacron hits trade show - minus machines
Oracle raises bid for PeopleSoft
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