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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 22, 2009
Page
4
The AP reports that under one scenario the tests project no further losses on complex securities, while individual loans could suffer up to 20 percent declines. The document obtained by The AP outlines risk disparities among regional banks amid ongoing market pressures.
Government loans for GM and Chrysler are being adjusted with new deadlines. GM must present restructuring plans by June 1 or face bankruptcy prevention, while Chrysler has until April 30 to cut costs or partner up.
Delta Air Lines and its parent posted nearly 1.2 billion dollars in combined first-quarter losses with Delta introducing a 50 dollar fee for a second bag on international flights. United's AMR and US Airways studied the move while Continental declined to comment. Delta plans to ground 40 to 50 mainline aircraft and 30 regional jets, with elite fliers exempt from the new international bag fee.
Warren County Ohio commissioners refuse 373 400 in federal stimulus money to buy three transit buses and related fleet improvements and return 1.8 million for energy efficiency projects in county buildings, state officials say.
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