Bernanke signals possible substantive rate cuts to avert recession
Federal Reserve Chair Ben Bernanke warned that weak employment and financial market turmoil threaten the U.S. economy and said the Fed may cut its key rate by half a point at its upcoming meeting. He indicated further aggressive easing could follow as policymakers weigh stimulus options amid pressure from Bush, Democrats, and Wall Street over the downturn.
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Washington
Federal Reserve
Ben Bernanke
U.S
Bernanke
Fed
Bush
Wall Street
Laptop Surge Reshapes Computer Industry and Home Use
After decades as the desktop mainstay, laptops overtake desktops in sales. By 2008 US corporations adopt laptops, and 2007 saw a 21 percent rise to 31.6 million laptops while desktops dropped. Experts frame laptops as portable companions expanding work and home life across places.
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Amazon.com
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Bnsf Railway Co
Dell Inc
Jeff Campbell
Fort Worth
Texas
Dag Spicer
Computer History Museum
Mountain View
Calif
IDC
Ohio opens first ethanol plant in Leipsic boosting Midwest biofuel move
POET LLC dedicates a $105 million, 65 million gallons per year ethanol plant in Leipsic, Ohio, the state's first, part of three planned in the year. Gov. Strickland and Ohio Corn Growers Association note ethanol from corn reduces oil imports. plant will hire about 45 workers with a payroll over $2 million.
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Ohio
Alternative Fuel Express
Poet LLC
Sioux Falls
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Fostoria
Jeff Brain
POET
Dwayne Siekman
Ohio Corn Growers Association
Iowa
Minnesota
Nebraska
Ethanol Promotion and Information Council
Midwest
Ted Strickland
Cedar Fair reports strong 2007 as parks draw crowds
Cedar Fair, owner of Cedar Point and Kings Island, said its U S and Canada parks welcomed 22.1 million visitors in 2007, up from 19.3 million in 2006, with average guests spending about five percent more. The company plans $88 million in park upgrades including $21 million for Behemoth at Canada's Wonderland in Toronto, touted as Canada's tallest fastest longest roller coaster.
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Cedar Point
Kings Island
Ohio
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Canada
Cedar Fair
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Limited Brands narrows Q4 profit forecast to lower range
Limited Brands Inc warns fourth quarter earnings will be in the lower half of its prior guidance after a weak holiday season. The Columbus retailer of Victoria's Secret and Bath & Body Works had projected 0.90 to 1.05 dollars per share. NCR Corp raises 2007 outlook on stronger ATM and checkout scanner sales, guiding 1.35 to 1.40 per share, above Thomson poll of 1.22. Including charges, 2007 is seen at 0.87 to 0.92 per share.
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