GMC Returns to Elyria Cars as Abraham Auto Mall Expands
Nick Abraham Auto Mall on Broad Street adds GMC a three franchise mix joining Buick Ford and Nissan. The move brings 15 new jobs and revives GMC presence after GM restructuring and prior Chrysler losses. Abraham notes improved facility use and full service offerings with body shop sales and service teams.
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GMC
Abraham
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Buick
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Chrysler
North Ridgeville
North Olmsted
Morris
Center Ridge Road
Abraham Auto Mall
Ford
Earl J. Lance
AIG moves toward repaying key government bailout
AIG files to repay the New York Fed loan, paving the way for the Treasury to exit its stake. The government could gain a multibillion dollar profit as Treasury converts its stake into about 1.66 billion shares worth 70.09 billion, with warrants offering up to 75 million shares at 45 dollars.
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Associated Press
Oil dips as fuel supplies rise and growth fears mount
Oil prices eased on Wednesday as Energy Information Administration data showed gasoline and distillate supplies increased while crude stocks fell. Global growth concerns intensified by Europe debt worries and China's inflation controls weighed on sentiment, with gasoline averaging near three dollars across the United States.
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Europe
Asia
Ireland
Portugal
China
New York Mercantile Exchange
AAA
Wright Express
Oil Price Information Service
Energy Department
Energy Information Administration
First Place Amends Statement to Show Higher Net Loss
First Place Financial Inc parent of First Place Bank will amend its fiscal year 2010 results after an Office of Thrift Supervision review found loan losses were understated. The $14 million adjustment raises net loss to about $45.2 million and key per share loss to $2.98, risking Nasdaq listing. The Warren based bank mentors branches in Lorain County.
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First Place Financial
First Place Bank
Office of Thrift Supervision
Lorain County
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Chronicle-Telegram
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Ree Gee
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