Thursday, September 11, 2003

Tristate summary

From staff and wire reports

LSI Industries raises dividend

LSI Industries Inc., the Blue Ash lighting and graphics company, said Wednesday that its board voted to raise its dividend by 50 percent and adopted new dividend policies to assure a greater return of net income to shareholders.

LSI said its new annual indicated dividend rate, to begin with the October dividend declaration, would be 36 cents a share, up from 24 cents.

It also said the annual dividend rate would range from 40 percent to 60 percent of anticipated net income for the year.

Cinergy, P&G rated as leaders

Cinergy Corp. and Procter & Gamble Co. have been named to the Dow Jones World Sustainability Indexes, an international benchmark for excellence in social, economic and environmental leadership.

Selected in the first year it applied, Cinergy's overall score in its category was the highest rating for any U.S. utility, and the company ranked third internationally. The World Indexes cover the top 10 percent of the 2,500 largest companies in the world providing asset managers with benchmarks to manage portfolios.

P&G was selected as the household products industry sector leader in the index for the fourth year in a row.

Launched in 1999, the Dow Jones Sustainability Indexes are the first global indexes tracking the financial performance of the leading sustainability-driven companies worldwide.

Greensburg, Ind., plant might close

New Technology Network-BCA Corp. said it might close its Greensburg, Ind., plant as part of a corporate restructuring, costing 280 jobs.

NTN-BCA said it was considering consolidating its manufacturing operations at it plant in Lititz, Pa.

NTN-BCA manufactures bearings and other anti-friction devices for the forklift, agricultural and automotive industries.

AK Steel accused in race lawsuit
Area economy forecast due
Terrorism took a toll on insurers
Airlines slug it out
International Paper beefs up tech center here
TechSolve awarded $6M research grant
Retail sales rebound finally from attacks
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