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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
Jan 08, 2009
Page
4
President elect says the economic crisis demands bold action with a looming 1.2 trillion dollar deficit projection and a stimulus package around 775 billion dollars over two years. He vows fiscal discipline while urging Congress to pass his evolving plan promptly. A key pick for a new administration post was announced midweek.
Nissan Motor Co recalls 242,720 Frontier, Pathfinder and Xterra models from 2005 to 2009 in 20 states and the District of Columbia. Salt and road debris could rust a crash sensor area and prevent front air bags from deploying. No crashes or injuries linked. red air bag warning light signals issue.
Alcoa Inc announces a layoff of 100 workers at its Cleveland plant as part of a 13 percent global workforce reduction. The Forged and Cast Products facility in Cleveland will stay near full capacity with 1,250 employees. The cuts affect 50 salaried and 50 hourly staff ending Wednesday.
Santa Clara based Intel Corp lowers its fourth quarter outlook and reports revenue of 8.2 billion dollars, a 23 percent drop from a year earlier. Analysts expected 8.7 billion, while margins fall toward the low end of prior guidance as demand declines and inventories rise.
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