Whitacre takes the reins at GM with bold, rapid changes
Edward Whitacre Jr arrives as chairman and CEO of GM after Fritz Henderson's ouster. In two weeks he consolidates leadership, fires brand managers, shifts sales focus to cars, and plans to repay 8.1 billion in loans. He urges fast decisions, risk taking, and accountability to restore GM's fortunes and jobs.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
Edward Whitacre Jr
Fritz Henderson
Whitacre
At&t Inc
America
Henderson
China
Chevrolet
U.S
Gerald Meyers
American Motors Corp
University of Michigan
Automaker
Toyota
Honda
Ford
Inflation Hints Seen Amid Slow Economic Recovery
Washington reports show inflation risks cited as the economy remains fragile. Fed likely to discuss inflation but unlikely to raise rates soon, with policy kept at record lows to support growth. Bernanke says resource slack should keep price gains in check as industrial output rises 0.8 percent in November.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Ben Bernanke
Bernanke
Jim Bunning
R Ky
Lorain National Bank Declares Fourth Dividend
Lorain National Bank will pay a fourth-quarter cash dividend of 1 cent per share to holders of record as of December 26. LNB Bancorp Inc. is a $1.2 billion bank holding company. Its major subsidiary operates 21 retail locations with 28 ATMs across Lorain, eastern Erie, western Cuyahoga and Summit counties.
MENTIONED IN THIS ARTICLE
Lorain — Lorain National Bank
LNB Bancorp Inc
Lorain National Bank
Lorain National Bank and
Morgan Bank
Lorain
Erie
Cuyahoga
Summit Counties
Best Buy 3Q Profit Rises Amid Slimmer Margins
Best Buy posted a third quarter profit of 227 million dollars or 53 cents a share, up from 52 million or 13 cents as it benefited from holiday sales. The retailer warned margins would stay tight in Q4 as prices decline on TVs and computers, despite raised annual forecasts and a 10 percent plus gain in sales at stores open at least a year. Gift cards surged 40 percent in November as demand rebounded from past declines.
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Best Buy Inc
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Jim Muehlbauer
Muehlbauer
Stephen Baker
NPD Group
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Associated Press
Innovation Fund awards 275K to five tech startups
The Lorain County Community College Foundation Innovation Fund distributed 275000 in grants to five startups: ADAP Nanotech, AMIDAC Global, Lifemedia, ReQuisite, and Thermalin Diabetes. Grants support early stage tech ventures with aims to attract further investment and accelerate product development. ReQuisite works on non toxic coating for cardiovascular devices while Thermalin Diabetes pursues insulin analogue tech. Lifemedia, ADAP Nanotech, and AMIDAC Global each received 25000 or 100000. Alicia Castelli reported the story for The Chronicle Telegraph.
MENTIONED IN THIS ARTICLE
Elyria
Lorain County Community College
Lorain County Community College Foundation
LCCC
Roy Church
Adap Nanotech
Akron
Amidac Global of
Cleveland
Lifemedia of
ReQuisite of
Thermalin Diabetes of
Thermalin Diabetes
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Tom Krisher
North American
Martin Cruisinger
Innovation Fund
Alicia Castelli
Chronicle-Telegram
Amidac Global
Lifemedix
Castelli
Chroniclet
the Market IN Review
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