BUSINESS NEWS FOR THURSDAY, JUNE 26, 2003
Fed sees firmer economy, trims rates
The Federal Reserve cut its interest rate target Wednesday for the 13th time since January 2001 in an effort to get the U.S. economy moving again.

Home sales increase
Historic low interest rates continued to help sustain home sales in Greater Cincinnati in May, raising possibilities again that the area will set a sales record this year.

Teamsters joining effort at Cintas
The needletrades union UNITE and the Teamsters union have joined forces to organize Mason-based Cintas Corp.'s 17,000 hourly workers.

Another likely to plead guilty
Michelle Marksberry, one of the leading figures in the Erpenbeck home-building and banking scandal, is expected to plead guilty July 7 to federal charges for her role in the scandal.

What's the Buzz?
Ohio Art Co., maker of the "Aquatic Revenge Machine" toy water gun, Wednesday said it will fight any efforts by bigger rival Hasbro Inc. to take the toy off the market.

Tipsheet improved
The Cincinnati Enquirer's free daily e-mail business briefing is even easier to receive. How do you get it? Click here to register.

Durable-goods orders decrease
WASHINGTON - America's manufacturers saw demand for their products dip in May for the second straight month, a fresh sign of the industry's struggles to get back on sure footing.
Concorde set for final trip, by river, to German museum
BADEN-BADEN, Germany - With final roars from four engines, an Air France Concorde completed its farewell flight ahead of a journey where none of the supersonic jets has ever gone before - to a German museum, where it will stand next to its former rival, the Soviet-made Tupolev 144.
FERC deals death blow to Enron
WASHINGTON - Federal energy regulators Wednesday punished bankrupt Enron Corp. for its role in manipulating Western power markets two years ago and threatened costly penalties for the company's partners in manipulating the markets.
Music labels say they'll sue over file downloading
WASHINGTON - The embattled music industry disclosed plans Wednesday for an unprecedented escalation in its fight against Internet piracy, threatening to sue hundreds of individual computer users who illegally share music files online.
Business digest

Tristate summary
THE GREATER CINCINNATI 100
Top private firms saw recession
Even before the recession hit in March 2001, Greater Cincinnati's largest private businesses saw the tough times coming.

Drees Co. grabs top ranking in the 100
The Drees Co. earned the top spot in this year's Greater Cincinnati 100, but company officials say that the home builder is even bigger now.

Vehicle dealers showed the way
The tech bubble burst, the U.S. economy slumped, and consumers ducked for cover from terrorists.
These 100 show best of can-do spirit
Health care costs bite deep
Accountable to themselves
Habegger posts 50th profit in 50th year
Builder moves up - for now
Floturn flourishes as others fall
Sumerel service adds to revenue
Companies: Outlook for economy is grim
Everclear emerges as true up-and-comer

SPECIAL COVERAGE
Erpenbeck archive
A. William Erpenbeck spent years building a company that appears to be crumbling. One of the Tristate's biggest home builders, the Erpenbeck Co., is under federal investigation for a suspected bank fraud that is affecting lenders, subcontractors and home owners. Click here for links to all Enquirer reports.