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Kroger merger
11:49 am
Tue July 9, 2013

Kroger inks merger deal with Harris Teeter

Cincinnati-based Kroger is taking over Harris Teeter Supermarkets in a transaction valued at about $2.5 billion. The merger means Kroger will buy all outstanding shares of Harris Teeter for $49.38 per share in cash.

Harris Teeter has 212 stores in the southeastern and mid-Atlantic markets and in Washington, D.C. Those stores will maintain the Harris Teeter brand name. The company posted revenues of approximately $4.5 billion for the 2012 fiscal year.

In a release, Kroger Chairman and Chief Executive Officer David B. Dillion says:

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Horseshoe Cincinnati
3:37 pm
Mon July 8, 2013

Cincinnati Casino revenues drop

Credit Tana Weingartner / WVXU

The latest casino revenue numbers are out and they don't paint a good picture for Cincinnati's Horseshoe Casino.

Cincinnati's revenues dropped from about $19.6 million in May to $17.6 million in June, according to the Ohio Casino Control Commission.

All four of the state's casinos are reporting lower numbers for June. However, the roughly 10 percent drop for Horseshoe Cincinnati is the largest.

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Lakota Schools
3:17 pm
Mon July 8, 2013

Lakota School Board votes to put levy on ballot

Voters in the Lakota School District will be deciding whether to approve a levy in November.  The board of education voted Monday moring to place a 5.5 mill combination levy on the ballot.  3.5 mills would go for operating expenses and 2 mills for permanent improvements. 

The district says $6.3 million to improve security at its schools and $13.5 million for a multi-year technology upgrade are major components of the request. The security spending would include tripling the number of police officers in the district's schools as well as physical changes to school buildings.  

University of Cincinnati
2:44 pm
Mon July 8, 2013

UC to offer co-op model and engineering programs in China

University of Cincinnati

The University of Cincinnati's cooperative education program is branching out with a new base in China.  The university signed a memorandum of understanding Monday with Chongqing University.  The agreement calls for UC to establish a Joint Co-op Institute for mechanical engineering and electrical engineering.  It also offers UC's curriculum and faculty in those two majors. 

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Cincinnati Zoo
2:34 pm
Mon July 8, 2013

Commissioners supportive of Zoo levy request

Credit Sarah Ramsey

The Cincinnati Zoo's levy request looks to have support from at least two of Hamilton County's Commissioners.

The Zoo is asking the board to place a flat renewal of its five year levy on the November ballot.

Monday morning a committee which reviews county levies recommended the board fulfill the zoo's request.

Commissioner Greg Hartmann likes the low percentage of taxpayer funds the Zoo uses to operate.

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