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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 27, 2011
Page
3
Economists surveyed by the Associated Press report a strong economy able to withstand Middle East tensions and the Japanese nuclear crisis with growth expected each quarter. A potential trigger for a new recession is oil near 150 dollars a barrel, though now about 112.
FirstMerit Corp officials said net income reached 27.6 million dollars or 25 cents per diluted share for the first quarter, up from 15.4 million or 4 cents a year earlier, with strong commercial loan growth noted at about 9.86 percent annualized.
Ford Motor Co. reports net income of 2.6 billion dollars for the first quarter, up 22 percent, as fuel-efficient models like the Explorer and Fiesta drive sales. Worldwide revenue rises 18 percent to 33.1 billion with Asia leading gains. India sales surge on the Figo.
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