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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Apr 01, 2009

Page

4

Wall Street swings from bear to rally in wild first quarter

The Dow fell from just over 9 000 to below 6 550 in early 2009 before a 21 percent 13 day rebound near 8 000. The Nasdaq outperformed with a 3 percent quarter drop as investors awaited April earnings.

New York Wall Street Dow Barack Obama General Motors Chrysler Quincy Krosby The Hartford

Ford GM Offer Payments If Job Loss Occurs

Ford and General Motors announce a program to cover car loan payments for buyers facing job loss. The plan applies to consumers who purchase vehicles in April and provides relief during unemployment.

Ford

Chicago Sun-Times Files for Chapter 11 Protection

Chicago Sun-Times Media Group Inc. filed for Chapter 11 bankruptcy protection as revenue declines and tax liabilities press the company. The publisher says operations will continue as it works to reduce costs and stabilize its businesses. Hugo Chavez sought Arab support for a new oil-backed currency to challenge the dollar, reflecting regional unease with Western financial leadership.

Chicago — Sun-Times Media Group Inc Chicago Sun-Times Chicago Area Doha Qatar Hugo Chavez America South America Arab League U.S Middle East

GM outlines rapid plan to fix debt and cut costs

General Motors CEO Fritz Henderson laid out a 30 day path to cut billions, sign Fiat as partner, and avoid bankruptcy. He warned failure could force court supervision while outlining broader cuts to bond debt pensions and retiree health costs affecting hundreds of thousands of workers and retirees.

Detroit General Motors Corp Fritz Henderson Chrysler LLC Auburn Hills Michi Fiat Group Spa Fiat Chrysler Henderson Cer General Motors United Auto Workers Inter U.S

Confidence steady as Americans brace for recession

The Conference Board reports the U S consumer confidence index rose to 26 0 in March from 25 3 in February signaling a stabilization after February’s all time low Yet economists warn sentiment remains fragile amid shrinking retirement funds falling home values and job insecurity The S P Case Shiller 20 city home price index shows a 19 percent year over year drop in January based on the housing report and the survey covered 5 000 households through March 24.

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GAO urges hard line with AIG to curb bonuses

GAO tells Treasury to withhold the next 30 billion in AIG bailout until the firm reclaims millions in employee bonuses and negotiates cheaper exits from derivatives. The report notes the 700 billion rescue pool slowed recently and criticisms grew of Geithner’s pace and the wind down of contracts.

Washington Treasury Department American International Group Inc Congressional Government Accountability Office Treasury Timothy Geithner AIG GAO Congress Geithner Federal Reserve Fed

Also Mentioned on This Page

Chavez Daniel Wagner Associated Press the Market IN Review Dany Dow Jones Dow Jones Industrials Mun
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