Plain Dealer trims newsroom by a third amid delivery cuts
The Plain Dealer laid off about 50 newsroom staff including reporters and photographers as part of a broader realignment. The paper will shift to three days a week home delivery while continuing daily print and digital publication under Northeast Ohio Media Group, with Union leaders noting remaining staff around 110.
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the Plain Dealer
Lisher
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Guild
Harlan Spector
Spector
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Plain Dealer
Northeast Ohio
Egger
Northeast Ohio Media Group
Cleveland.com
Sun News
Plain Dealer Publishing Company
New York
Advance Publications Inc
Advance
Times-Picayune
New Orleans
Birmingham News
Alabama
U S Sues Lorain MPW for Unpaid Wages and Tardy Records
The U S Department of Labor sues MPW Industrial Services of Lorain and company president Monte Black for unpaid minimum wage and overtime for 63 current and former employees. Investigators found travel time, shop time, and wait time unpaid, and altered time records. A 2009 Canton investigation showed similar violations.
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U.S. Department of Labor
U.S. District Court
MPW Industrial Services of
Monte Black
Department of Labor
MPW
FLSA
George Victory
Columbus
Canton
Federal Reserve signals economy still needs support
Washington reports show a 1.7 percent annual growth in Q2, down from earlier estimates, with inflation below target and Fed purchases likely to continue. Economists caution about delayed tapering, while employment and consumer spending show resilience amid fiscal drag and rising mortgage rates.
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Washington
Federal Reserve
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Fed
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IHS Global Insight
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Peter D’antonio
Citigroup
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Ford to offer natural gas version of F-150 pickup
Ford Motor Co plans to sell a natural gas or propane powered F-150 pickup, its first compressed natural gas model with retail appeal. About 70,000 gasoline F-150s are sold monthly with businesses likely as primary buyers. Extra factory prep costs $315 plus $7,500 to $9,500 for fuel tanks and lines installed by a Ford approved contractor.
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Ford Motor Co
Ford
U.S
Facebook briefly passes $38 IPO price
Facebook stock rose above 38 for the first time since its May 2012 debut, trading as high as 38.31 and ending at 36.80. The move valued the social network at about 839 billion, reviving a long-awaited milestone after a rough start and a low of 17.55 in September following its initial public offering.
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Imation
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Eee
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Dell Inc
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Micront
Microsoft
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