January sees new home sales fall and inventories rise
The Commerce Department reported a 5 percent drop in January new single family home sales to a seasonally adjusted annual rate of 1.238 million, the slowest pace since January 2006, with unsold homes at a high of 528 thousand. Prices rose to a median of 258,100 as construction starts surged, while economists warned of possible price downward pressure amid rising inventories.
MENTIONED IN THIS ARTICLE
Wasiington
Commerce Department
Joel Naroff
Narofi Economic Advisors
Wall Street
Dow Jones
Jan Shepherdson
David Seders
National Associacy of
Seiders
Federal Reserve
Ben Rernanke
Congress Packar
Smitty's Relocates to Expanded East Broad Street Site
Smitty's Place, an Elyria staple for 74 years, moves from 4 B Broad St to 368 EB Bridge St across from the post office. Owners Steve and Karen Frank plan a larger space, doubling seating from 28 to 64 and expanding menu while maintaining hours. The Franks bought the former bike shop property last year for about 280000 and have invested heavily in renovations. Sanit ty's plaza and EMH Regional Medical Center are mentioned in context of nearby property deals.
MENTIONED IN THIS ARTICLE
Elyria
Smitty's Place
East Broad Street
Mike
Bridge Street
Steve Franc
Karen
Stephanie Forthofer
B. Broad St
Smitty's
Steve Frank
EMH Regional Medical Center
Sanitty’s
Tor Wearsch
Wearsch
Frank
Lintty
Buls
Chugh Bumbl
Chronicle
Stephenie Forthofer
East Bridge Street
Ow Industrals
Dow Libilies
NYSE
BSF
SOR Niyasatt
StanSiey
Gabo
NavaStar
Hal, Courays
Israan
Ag Huron
Chg
Fiance
Patel
Karen Bor
Nymage
Tame
Etry VimeWam
Wgonkler
SAT
Ares
Lowexcos
Wise
Lucent
Abu Asd
Igisso
Igienaca
Roothroots
NASA
Penory
Seely
Ford
Rte
Amex
Labia
Pune
Aveta Igisean
Canada
Faaricu Iapan S
Nere
Royar Jamencan Funds
Gwihi P. X
Magen AC
American Elms
American Funds
Jamerican Funds
Caplbap
ARAN
Capwga P Gt
Socad
Fidel Y Invest
Lowe F Ik
Amora
Fidely
Ywillard Bie
TeaLth
Roca
Veroxuinee
Wella
Amnathan Furvis A
Friqva
Eide Investigine
Paco Ak
Fesmo Frek
Manned
Cighwl Hinck
Wanda
GM to expand Toledo transmissions plant with six speed units
General Motors will spend 904 million dollars to add equipment and expand its Toledo transmission plant, creating no new jobs but securing current ones. The project will bring six speed automatic transmissions and comes amid GM plans to cut 50,000 jobs and close 12 North American plants. The Toledo site will supply components from Michigan and Mexico, aided by nearly 43 million in state and city incentives, including tax credits and job training grants.
MENTIONED IN THIS ARTICLE
Foleug
General Motors Corp
Dheatin
Rocky Nezs
America
Ming
Anul
Tam Hicks
Sperin
Toledo
Lo Ypsilanti
Mich
Mexico
Tolorlo
Doe Choate
Atemaker
Dana Corp stock rebounds after financing talks. Enron probes noted
Dana Corp shares jump 16 percent after the company says it is working with banks on financing and hopes for a resolution within two weeks. The move follows a broader downturn tied to earnings restatements and a . Enron case updates include testimony on reserve manipulation and the SEC halting a subpoena pursuit for records from two journalists during an agency review.
MENTIONED IN THIS ARTICLE
Toledo
Dana Corp
New York Stock Exchange
Dana
Clint
Bata
Washington
Securities and Exchange Commission
SEC
Christopher Cox
Cox
Telther
SHC
Also Mentioned on This Page
Martin Crutainger
Are
Smitty
Georgy
L'All George
Short George
Lottie Spinks
Pisce
Franks
Renee
Banks
Fudged
Enron Finances
Houston
Enron Gary
Wesley H. Colwell
Skilling
Enron
Kenneth Lay
Jiari
Co-op
Gratton
Provicadt
Tawi
Dow Jones Industrials
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