Matia seeks 2003 opening for Honda dealership
Elyria business leader Jack Matia plans a 2003 opening for a new Honda dealership in the former Sam's Club at 825 Leona St. The 104000 square foot building will host 40000 square feet for the Honda operation with space for 656 vehicles and 25 staff. The move expands Honda sales and service, while used car and commercial vehicle sales grow. Plans include potential second franchise or space lease to a light manufacturer. architectural plans due later this month.
MENTIONED IN THIS ARTICLE
Elyria
Jack Matia
Honda
Matia
Sam’s Club
Leona St
Inak Aosta Pharenlat
Broad St
Jack Matia Honda
Sam's Club Building
Fed holds rates as Dow slides on selling wave
A late day sell off after the Fed kept rates steady sent U S stocks lower. The Dow fell about 206 points to 848.39 and the S P 500 and Nasdaq also declined as traders priced in no near term rate cut and waited for earnings and broader economic signals. Investors cited a lack of upcoming news to drive buying and feared a short term pullback amid August trading dynamics.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
Fed
Standard & Poor
Larry Wachtel
Prudential Securities
Subodh Kumar
Cibc World Markets
Kumar
Commerce Department
Securities and Exchange Commission
Com
Dollar dips after Fed holds rates steady in autumn trading
U S dollars ease against major rivals as a Fed policy meeting leaves rates unchanged. Analysts cite rate cut prospects aiding the economy. Wal Mart gains 0.47, JC Penney drops 0.69, AMR up 0.38 on job cuts. Tech shares slide with Dell, Intel, Cisco lower. Volume on NYSE hits 1.28 billion. International indexes mixed with gains in Europe and modest dips in Asia.
MENTIONED IN THIS ARTICLE
New York
UCW
Federal Reserve
UAL
Dell
Intel
Cisco
New York Stock Exchange
Japan
Germany
Britain
France
American to cut 7000 jobs amid airline restructuring
American Airlines says it will eliminate 7000 positions and cut 6 percent of its work force plus 9 percent of flight capacity to save about 1.1 billion dollars yearly. The plan follows US Airways bankruptcy and aims to reduce costs, retire 74 Fokker 100 jets, and ease post Sept. 11 travel slump.
MENTIONED IN THIS ARTICLE
Dallas
American Airlines
American
Donald J. Carty
US Airways
Carty
Lisa Dahlgren
Dallas-Fort Worth International
Allied Pilots Association
United
AMR Corp
TWA
American Eagle
Airlines streamline to save costs and cut jobs
Knight Ridder reports American Airlines will trim fleet variety and streamline the Dallas Fort Worth hub to boost efficiency. The moves aim to cut more than 1 billion dollars annually but require traffic growth and higher fares. about 7,000 jobs could be cut by March 2003, with other carriers likely to follow.
MENTIONED IN THIS ARTICLE
Dallas/Fort Worth
Southwest Airlines
American
AMR
A. American
Andry
IBM job cuts total 15600 in second quarter filing
IBM Corp disclosed in a SEC filing that it is cutting more than 15,600 jobs, about five percent of its workforce, with 14,213 cuts in Global Services and other areas and 1,400 in the Microelectronics unit. Spokeswoman Carol Makovich cited aims to boost productivity amid reduced tech services spending. By September, IBM expects workforce to drop to about 305,000 before a planned hiring surge of 30,000 in PricewaterhouseCoopers consulting.
MENTIONED IN THIS ARTICLE
New York
IBM Corp
IBM
Federal Securities and Exchange Commission
Global Services
Sayous
Microelectronics
Carol Makovich
Makovich
Armonk
N.Y
Aeremtancy PricewaterhouseCooopers
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Hondas
Laura Schneider
Chronicle-Telegram
Melle
Lee Manuiufacturer
United States
Ford Motor Co
Schneider
Chronoletelegranicom
Dow
Tim Mazanec
Investors Bank & Trust
Boston
Wal-Mart
J.C. Penney
Delta
Lorain County Community College University Partnership
LCCC
Ohio
University of Akron
Ashland University
Cleveland State University
Kent State University
Ohio University
University of Toledo
Youngstown State University
The
Ohio State University
the University of Akron
Computer
Lorain County Community College
Travelere
Knight Ridder
IBM Securities
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