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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 28, 2012
Page
6
Ford Motor Co reports net income down 45 percent to 1.4 billion as weaker European sales and softer Asia and South America results weigh on profits. North America profits reach 2.1 billion, aided by a strong first quarter performance despite a drop in vehicle volume to 651 000 from 1 million in a tougher market.
Procter & Gamble reports a 16 percent drop in third quarter net income as restructuring charges and diesel and packaging costs weigh on results. The company cuts its year guidance and trims price increases while launching new products in developed markets. Shares fall about 4 percent.
LNB Bancorp Inc. reported a first quarter net income of 1.5 million for the period ending March 31. Earnings were 15 cents per common share, up from 10 cents last year as loan activity rose with nearly 30 million in commercial loans booked.
Dr. Paul Alton opened Ottica Eyecare at 32 S. Main St in Oberlin after purchasing a space on South Main Street. The new practice offers comprehensive eye exams, eyewear from Italian and Japanese makers, Eco frames, and wood frames with a 12 month warranty while recycling glasses and planting a tree with each frame sold.
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