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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
Aug 06, 2008
Page
4
The Federal Reserve kept the federal funds rate at 2 percent for the second straight meeting, with the prime lending rate at 5 percent. Officials warned of balanced inflation and growth risks while markets welcomed the stall, and many expect a rate increase to come next year though some foresee a possible late-year move.
The online advertising market, led by Web portals and information sites, shows slower growth as the economy cools. Marketers tighten budgets and report slower expansion through 2008, with forecasts from eMarketer estimating $25.9 billion this year rising to $30 billion by 2009.
Suburban growth hinges on oil prices as policymakers note decades of highway subsidies and limited transit options. With gas over four dollars a gallon, land-use experts question whether high fuel costs can curb sprawl and shift housing patterns. Americans now favor suburbs, driven by cheaper highway funding and car reliance.
Westlake Nordson Corp. said it acquired Cape Town based MILT Systems Holdings Ltd and its unit MLT Application Systems Ltd. MLT employs 15 people and had been Nordson's exclusive distributor in South Africa since 1989, signaling a deepening regional partnership.
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