Dow rebounds as markets rally on resilient earnings and data
The Dow rises 322 points in a strong turnaround led by big gainers IBM and GE with the S&P 500 up 38.53 and the Nasdaq up 100.68 as investors shift from recession fears to improved growth signals after a Southeast factory report, despite an early earthquake spike.
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Gist
Wells Capital Management
Federal Reserve Bank of
Richmond
Dow
U.S
IBM Corp
General Electric Co
Obama to cut hundreds of federal rules to boost growth
The Obama administration unveiled plans to cut or roll back hundreds of federal regulations, aiming to save businesses about 10 billion dollars over five years and spur job growth. The move, announced during vacations in Martha's Vineyard, drew mixed reviews from business groups and lawmakers.
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Barack Obama
Martha's Vineyard
White House
Bill Kovacs
U.S. Chamber of Commerce
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House
Eric Cantor
Chamber of Commerce
Toyota unveils redesigned Camry to boost appeal
Toyota introduced the 2012 Camry as its first redesign in five years in Dearborn Michigan aiming to recover momentum in a crowded midsize sedan market. The maker plans lower price, better fuel economy and new features to restore its No 1 status despite competition and recalls.
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Dearborn
Mich
America
Toyota
Jesse Toprak
TrueCar.com
Toyota Unveils Seventh Gen Camry Amidst Tight Competition
Toyota previews the seventh generation Camry ahead of October dealer arrivals. The redesigned sedan adds Entune connectivity, sharper styling, quieter interior and more trunk space while aiming to fend off rivals like Hyundai Sonata and Nissan Altima. Basic model near $22,000 with 35 mpg highway.
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California
Pandora
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U.S
LNB Bancorp declares dividend and bank expansion plans
LNB Bancorp Inc. declares a third quarter cash dividend of 1 cent per share payable Oct 1 to record holders as of Sept 2. Its Lorain National Bank serves 20 locations with 30 ATMs across several Ohio counties. North Coast Community Development Corp. is a subsidiary. Chrysler plans a $72 million investment at the Toledo Machining Plant near Perrysburg to add 640 jobs and produce torque converters and steering columns. Kraft Foods cuts coffee prices about 6 percent in the U S affecting Maxwell House and Yuban. Medtronic posts a 1% drop in fiscal Q1 earnings to 821 million with international growth offset by U S demand. shares close up 6.16 percent at 33.10.
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Dodge & Cox IntiStk & Cox Stock IV
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LNB Bancorp Inc
Lorain National Bank
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Morgan Bank
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Erie
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North Coast Community Development Corp
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Toledo
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Ohio
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