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The Chronicle Telegram in Elyria, Ohio

18 Dec 2008

Page 9

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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

Dec 18, 2008

Page

9

Chrysler to Idle 30 Plants for a Month Amid Slump

Chrysler LLC announced the temporary closure of 30 manufacturing plants for about a month starting Friday to curb the downturn in U S auto demand and conserve cash. Dealers face financing gaps, with 20 to 25 percent of volume lost. November sales fell 47.1 percent. Some plants resume January 19 or 26 with altered shifts. Toledo North cuts second shift, impacting about 750 workers.

MENTIONED IN THIS ARTICLE

Detroit Chrysler LLC U.S Chrysler Toledo Jeep Ohio Dow Industrials Dow Transportation Dow NYSE OnedaFn acBuhn Coleman Evra Wcawete NovaGid G GenBloc Apple Inc Shemic Ioege Otal Isues Atat Inc Nash CitryTet ParkerHan Prushs&p NY Smucker NY Jpmorgch NY NYMX Nwvo Mercantile Exchange Park Belles Cme Board Grthama m LG American Funds FninvAm Incamera m MA Invcoama m LV Newpersoa m NewPersoA m WS 21.16 +104 +2.8/A 5.75 250 Funds WAMutinvA m LV Dodge & Cox intiStk Ate Fidelity Diviniti Fidelity GrowCo PIMCO Vanguard Vanguard Wellin
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Madoff Case Spurs Recusal and Scrutiny of Regulators

U S Attorney General Michael Mukasey recused himself from the Madoff investigation over a personal conflict as the SEC probes ties between Madoff allies and regulators. Congress launches its own inquiry into how a $50 billion Ponzi scheme evaded detection and Madoff faces bail conditions after signing papers in New York.

MENTIONED IN THIS ARTICLE

Washington Wall Street Bernard L. Madoff U.S Securities and Exchange Commission Madoff SEC Christopher Cox Congress House Capital Markets Paul Kanjorski D-Pa New York Michael Mukasey Marc Mukasey Frank DiPascali Justice Department Mukasey Bernard Madoff Madoff Investment Securities Manhattan
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OPEC Unveils Record 2.2 Million Barrels Cut for World

OPEC and allies announce a 2.2 million barrel per day reduction effective Jan 1, the largest cut in the cartel’s history, as Russia and Azerbaijan also report sizable decreases. Market reaction remains muted with crude near 40 dollars amid recession fears and weak demand.

MENTIONED IN THIS ARTICLE

Oran Algeria OPEC Russia Azerbaijan Chekib Khelil Moscow
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U S oil dependence to fall as demand slows by 2030

The Energy Information Administration predicts a dramatic drop in U.S. reliance on foreign oil over two decades due to higher fuel efficiency, biofuels like ethanol, and stagnating petroleum use. Yet coal oil and natural gas would still supply about 80 percent of energy in 2030 without CO2 limits.

MENTIONED IN THIS ARTICLE

Washington U.S Energy Department Department’s Energy Information Administration United States Howard Gruenspecht EIA
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Also Mentioned on This Page

The Associated Press Toledo North Dan Henneman United Auto Workers Union Mu Assembly Line Warren Mich Pete Yost and Marcy Gordon DiPascali George John Federal Reserve Fed H. Josef Hebert the Market IN Review Dany Dow Jones Dow Jones
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