Stocks Rally as Bush Plan Triggers Wall Street Surge
Investors anticipated a Bush tax cut plan and stimulus package, sending the Dow up 171.88 points to 8,773.57 as the Nasdaq rose 34.25 and the S&P 500 gained 20.42. Biogen climbed after a downgrade while positive earnings outlook supported the market broadly.
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New York
Wall Street
Dow Jones Industrals
Bush
Peter Cardillo
Global
Dow
Standard & Poor
Biogen
Salomon Smith Barney
Economy sees stronger growth in 2003 amid oil and war risks
Private economists forecast a healthier 2003 U.S. economy after a stop and go 2002 recovery. Growth hinges on a quick Iraq war and stable oil supplies, with geopolitical risks deemed the main threat. Some warn a bad outcome could trigger a recession, while stimulus may help but not spark a strong rise.
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Washington
America
Iraq
Mark Zandi
Economycon
AT&T to Cut 3500 Jobs in Management
New York AP report states AT&T Corp will eliminate 3500 jobs in its business services division and take 1.5 billion dollars in fourth quarter charges. The move stems from losses on investments in its Latin America subsidiary and reflects about three percent of the company.
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New York
At&t Corp
Latin America
AT&T to cut workforce and take Latin America write down
AT&T says more than half of affected employees are in management and adds most layoffs will occur in early 2003 with voluntary measures. It will record a 1.1 billion write down on Latin America investments and ends financial support to AT&T Latin America. Shares fell 18 cents to 27.48 on Monday on the NYSE.
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Pany
At&t
Latin America
New York Stock Exchange
Debate on removing traffic lights sidetracked in North Ridgeville
North Ridgeville officials spar over removing the Dyke and Center Ridge lights as Mayor Hill pushes to place legislation amending the traffic code on the agenda. Council debates legality, safety concerns, and possible traffic study before any decision.
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Brad Dicken
Cloende-Telegram
North Ridgeville
Center Ridge
Deanna Hill
Safety Committee
Council
David Gillock
Hill
Eric Zagrans
Nancy Bueschex Rist
Zagrans
Chris Crobaugh
Ohio Department of Transportation
Avon man claims self defense in shooting over drug purchase
Richard Scott 23 of Stoney Ridge Road turned himself in after a dispute over a $30 marijuana purchase ended with him firing at Steven Comrie 22 near Resar Florist in Elyria. Scott faces attempted murder felonious assault and gun specifications with three 238 caliber shell casings recovered.
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Elyria
Avon
Richard Scott
Scott
Stoney Ridge Road
Steve A. List
Resar Florist
East River Road
Steven Comrie
Carlisle Township
Comrie
Ely Village
Lorain County
Richard Resender
Shelton charged with marijuana possession in June dropped in December
From Elyria, Ohio, A1 Shelton faced a misdemeanor marijuana possession charge after a stop for a stop sign. The case was dismissed December 9 in Elyria Municipal Court. County decisions on action remain pending with input from officials and the County Commissioners. Contact details are provided for Angela Inge.
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Shelton
Elyria
Lorain budget carry-overs cited amid layoffs risk
City of Lorain faces fiscal pressure with a 2002 general fund around 27 million including a 4.2 million carry over while past years show 2.1 million 3.2 million carry overs for 2000 2001. Mayor Grace vows budget to finance committee mid February ahead of March 31 deadline noting service levels held or increased despite reduced revenue.
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Ohio
Bill Grace
Grace
Safety Service
Eric Rothgery
Rothgery
Lorain County
Woman found dead on bridge in Lorain details emerge
The unidentified woman, aged about 40, was found in water on a bridge near Lorain. County Coroner Paul Matus ruled death a result of head and neck injuries and noted a history of mental illness. She had a Virginia ID and stayed at Haven Center with three children since Christmas. Police and LifeCare attended. CPR was given but death was not due to drowning.
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Cleman Bridges
Amore
Coreno
Bridges
North Ridgeville
Chestnut Ridge Road
Paul Matus
Matus
Kurtz
Virginia
Moskal
Haven Center
E. 30Th St
Sandusky
Elyria
Patti Jo Bartnett
Lorain
LifeCare
Herb de la Porte
de la Porte
Community Health Partners
The
Chronicle Telegram
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Michael P. Cox
Paul Zirpoto
Anastasia Georganas
Chicago Mercantile Exchange
Congress
David Wyss
Standard & Poor’s
Third Equity
All Street
Flonda
Consul
Firth
Firth Bard Barth
Ysterand
Bancorp
FDIC
Dyke Road
Twi Whitlard Co
Waterbury
Denny Johnson
Bernadine Butkowski
Chronicletelegram
Lawrence Coreno Sr
Maple Heights
Marlena Amore
J. Anthony Rich
John Musson
Jeff Foght
Foght
Angela Inge
Ainge
Chronictetelegram
Carry
Chetetina Rotifle
Gofiffe
Chronicleletegram.com
Christina Jontlie
Inne
Chromciatelegram
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