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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Dec 20, 2000

Page

10

Pair of Ohio papers sold to The Copley Press

Journal Register Co. agreed to sell The Times Reporter of New Philadelphia and The Independent of Massillon to The Copley Press Inc. The deal, expected to close in Q1 2001, covers 88,000 daily circulations. Terms not disclosed. Copley is based in La Jolla. Journal Register owns 24 dailies.

Ohio Copley Trenton Journal Register Company Copley Press Inc Times Reporter New Philadelphia Independent Massillon Trenton N.J Copley Press LaJolla Calif

Fed Leaves Rates Unchanged Amid Slowing Economy

The Federal Reserve kept the federal funds rate at 6.4 percent, signaling readiness to cut if needed to avoid a recession. The decision followed a closed-door FOMC meeting with Greenspan, as stocks rose on the news and economists noted a shift from inflation risks to economic weakness as the primary threat.

Washington Federal Reserve Central Bank Federal Open Market Committee Fed Alan Greenspan Wall Street Federal Funds United States Eco

Frank's Pizza and Subs returns to Schnur's Lounge

Frank Stewart, 35, owner of Frank's Pizza and Subs, has moved his operation back to Schnur's Lounge at 703 Lake Ave in Elyria after closing his Center Ridge Road shop. He and wife Lisa make sauce and dough in the old fashion style. The mom-and-pop shop plans summer delivery. Hours vary: 4-11 pm Tue Thu. 4-11:30 pm Fri. 3-11:30 pm Sat. 3-10 pm Sun.

Gretchen Thomas Chronicle Frank Stewart Frank Laura M. Schneider Chronicle Telegram Elyria Schnur’s Lounge Schnur's Lounge Lake Ave Stewart Center Ridge Road North Ridgeville Schnur Lisa LaGrange Schnur's

Clinton vetoes sweeping bankruptcy reform bill

President Clinton rejected the Bankruptcy Reform Act of 2000 citing unfairness to ordinary debtors and renters and criticizing a wealth loophole. He noted the bill would shield expensive homes for some while forcing modest earners into rigid five to seven year plans and missed provisions targeting violent acts at clinics. Grassley criticized the pocket veto.

Washington Clinton Chuck Grassley Iowa

Nasdaq slides to 16 month low on Fed worries

The Nasdaq composite dropped 4.3 percent to 2,511.71 the lowest since August 1999 as the Fed signaled concern about a slowing economy and held rates. Dow fell 61.05 to 10,584.87 S&P 500 down 17.14 to 1,305.60. Wal-Mart Target Microsoft SBC all slid amid earnings fears and recession worries. Analysts warned of a choppy period ahead as investors shifted focus from inflation to growth risks. The Fed emphasized weakness over inflation in its stance.

Fed New York Federal Reserve Wall Street Gary Kaltbaum JW Genesis Standard & Poor Microsoft Wal-Mart Arthur Hogan Jefferies & Co Alan Greenspan Target Corp Morgan Stanley Dean Witter SBC Communications Sbc

Dollar Edges Higher Against Yen After Fed Hold

The dollar rose to 112.40 yen from 112.07 as traders waited after the Federal Reserve left rates unchanged. The euro held at 89.34 cents. The Fed signaled readiness to cut rates if needed to prevent too-rapid economic slowdown.

New York Federal Reserve Fed

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