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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 28, 2009
Page
13
Executives from the 19 largest banks study preliminary stress test results after Friday reviews. Banks like KeyCorp and Fifth Third Bancorp weigh options to boost scores, including converting Treasury stake from preferred to common shares to strengthen capital.
The article notes swine flu could worsen the fragile U.S. and world economies, hitting tourism, travel, dining, and retail. Despite fears, some airlines report normal operations. Analysts estimate a modest hit, with unemployment remaining high and vaccines and contingency plans easing impact.
Shares of Gilead Sciences Roche and GlaxoSmithKline climbed as swine flu cases rose across the Americas and Europe. Analysts expect revenue boosts for flu treatments and tests while governments move to stockpile Tamiflu and Relenza amid rising infections and emergency measures.
Chrysler Chief Executive Robert Nardelli emails staff that management prioritizes preserving the company and 54,000 jobs as Cerberus works with Daimler to exit its 19.9 percent stake. A government deadline to complete restructuring arrives Thursday.
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