BUSINESS NEWS FOR FRIDAY, AUGUST 22, 2003
Now, it's rising rates pushing home sales
Despite mortgage rates that have risen more than a percentage point over the past nine weeks, the local housing market remains strong, data showed Thursday.

Economic signals turn green
The economic recovery, until now sluggish, is poised to gather speed and strength in coming months, according to a closely watched gauge of the nation's business climate.

'Self-healing' grid being developed
Every two to 10 seconds, the power grid operator for a clutch of Mid-Atlantic states collects thousands of measurements on voltage, circuit-breaker positions and the like.

Morning memo
Hot tips & news to start your business day.

What's the buzz?
Following the lead of American Airlines and Continental Airlines, Delta Air Lines Thursday said it was relaxing its policy on changing a non-refundable ticket.

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.

Goodyear, union say OK on deal
Goodyear Tire & Rubber Co. shares rose more than 4 percent Thursday after the company and the United Steelworkers of America agreed to a tentative three-year contract, reducing the threat of a strike at the struggling company.
Kodak tries to keep up
ROCHESTER, N.Y. - Grappling with the rapid rise of digital photography, Eastman Kodak Co. unveiled yet another reorganization Thursday aimed at cutting costs and accelerating growth in both consumer and commercial imaging.
Home-themed center lands Sofa Express
Sofa Express is the first home furnishings retailer to sign a lease at the new HomeWorks at Jeffersonville development just north of Cincinnati at the site formerly occupied by the Jeffersonville II Outlet Center.
Tristate Summary

Business digest

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.