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The Chronicle Telegram in Elyria, Ohio

04 Apr 2008

Page 22

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Apr 04, 2008

Page

22

Jobless claims hit two year high on worsening labor market

Washington reports a sharp rise in unemployment benefits last week, signaling deteriorating job conditions toward a recession. The Institute for Supply Management notes the service sector contracted in March, with its index at 49.6 versus 49.3 in February.

MENTIONED IN THIS ARTICLE

Washington T.J. Marta Dow Industnats Dow Transportation Dow Unites Nyse Composite Ete EnveTec Tsramme Grahams Sunabop CabelTech OM Praren Cronatov TradiGry VII Corp Vice Clyfour Vermin Des Sigmatr Milacra Pete PwShe Frei iCisco AschMiot Lintel Apple Inc Avias Oracle SP Matis Neisibnniene Ceili Lmmss Mavelt Nas Meriyn CotryTel NanCey Ny ParkHans Diebold Tt PwShs Qoo Emersone NY Prusnogo Arex RischMots Usstea Visa Nbc WalMart Sweet Crude NYMX New York Mercantile Exchange Chicago Board of Trade CME NYBT New York Board of Trade Ygar Eurpacgra Mfb Growamera m LG Incamera m MA Invcoama m Newperspa m Wamutinva Nyventam Ewiad Cox Stock Adares
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Wall Street Firms Boost Fed Loan Borrowing

Big investment houses stepped up borrowing from the Federal Reserve's emergency lending program. The Fed reported firms averaged 38.1 billion dollars daily in the prior week and 13.4 billion in the first week the facility opened. The program began March 17 to aid the financial system after Bear Stearns near-bankruptcy.

MENTIONED IN THIS ARTICLE

Washington Wall Street Federal Reserve Fed Ben Bernanke Bear Stearns
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MySpace launches music venture with major labels

MySpace announces MySpace Music a collaboration with Universal Music Group Sony BMG and Warner Music to turn musician profile pages into portals for concert tickets merchandise and music sales. EMI is not part of the deal with licensing talks ongoing.

MENTIONED IN THIS ARTICLE

Los Angeles News Corp MySpace Vivendi SA Universal Music Group Sony Bmg Music Entertainment Warner Music Group Corp MySpace Music Chris DeWolfe EMI Group PLC DeWolfe EMI Coldplay Jones
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FAA whistleblowers warn of unethical actions in airline inspections

FAA inspector Douglas Peters testified before a House committee about unethical actions in inspections of 47 Southwest Airlines planes. He described pressure from an FAA manager who urged him to avoid jeopardizing careers, highlighting concerns over regulators allowing airlines to inspect their own fleets and report issues voluntarily.

MENTIONED IN THIS ARTICLE

Washington FAA Federal Aviation Administration House Transportation and Infrastructure Committee Douglas Peters Peters Southwest Airlines Robert Hedlund Hedlund Dallas Congress
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Judges Deny Bail for Five Executives in $1.9B Healthcare Fraud

U S District Judge Algenon Marbley kept two imprisoned as the five National Century FinancialExecutives await sentencing for a $1.9 billion healthcare financing fraud. Dierker and Faulkenberry challenged flight risk claims but Marbley rejected the requests citing their conviction and lack of innocence.Atlanta, Columbus? Wait.

MENTIONED IN THIS ARTICLE

Columbus U.S Algenon Marbley Marbley James Dierker Roger Faulkenberry Pany National Century Financial Enterprises Enron WorldCom Aruba Donald Ayers Fort Myers Fla Randolph Speer Peachtree City Ohio Georgia Florida Rebecca Parrett Dierker Faulkenberry Markley Parrett Greg Peterson Peterson
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Also Mentioned on This Page

Gulf Coast Source U.S. Department of Labor Alex Veiga Associated Press Jon Hilkevitch Andrew Welsh-Huggins The the Market IN Review Dow Jones Dany Dow Jones
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