On Cue Ottawa Store Closes Amid Chain Shutdowns
Dawn Bryant of Best Buy says the Ottawa On Cue at 615 E 23rd St is closed as part of a major rollout that shuttered 110 On Cue Sam Goody Musicland and Suncoast stores. Opened March 1996, the Ottawa location failed to meet profit standards. Gift cards may be used online or at other outlets. returns must go to other On Cue stores.
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AOL Time Warner chair Steve Case to resign in May
New York AP reports Steve Case will step down as AOL Time Warner chairman amid shareholder anger over post merger losses and a stock drop of over 60 percent. The company faces potential multibillion write downs. Case says his departure reflects the firm’s better prospects without him.
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Unemployment Stays at Six Percent in December
The December job report shows unemployment at 6 percent with 101000 payroll losses, the steepest in 10 months. Health care hiring led services gains while retailers and manufacturers cut thousands. Bush urges rapid tax-cut action as employment outlook remains weak.
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Bush tax plan faces mixed support on Hill and divides on payoff
The $674 billion package to abolish stock dividend taxes and speed tax cuts faces skepticism from Republicans including McCain and Chafee and criticism from Democrats over its impact on the rich and deficits. O'Neill and Breaux urge caution, urging more relief for middle and lower incomes while the plan advances to Congress amid widening deficits.
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