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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 25, 2007
Page
13
German chancellor Angela Merkel, leading the EU presidency and G-8, called for leveraging globalization while prioritizing climate action and energy security. She warned against business as usual harming the world’s poor and unstable nations during the Davos forum.
German chancellor calls exploiting positive aspects of globalization as new regions challenge Western dominance. She urges shared peace and livable planet for future generations while 24 heads of state attend a five day gathering. Bush backs greater domestic oil production and a surge in alternative fuels.
Wall Street rose with the Nasdaq up over 1 percent after Yahoo and Sun Microsystems earnings revived tech investor confidence. The Dow hit fresh trading and closing highs amid limited moves in energy and health shares and no new economic data to guide rate expectations. Investors awaited clearer signals after a string of earnings before Bush's State of the Union address urged higher health coverage and gasoline-use cuts.
Broadcasters face renewed push to curb televised violence as a new Congress opens and a federal study looms. Senators Clinton McCain Obama and Brownback weigh in on potential regulation and parental blocking options amid calls from the Parents Television Council and industry leaders.
U S Department of Transportation reports average domestic itinerary fare reached 389.08 dollars, a 7.5 percent year over year rise. Cincinnati again records the largest surge with prices up 25 percent since late 2005, amid airline merger scrutiny and questions from the Senate Commerce Committee.
Executives say Blake’s total compensation this year could reach 8.9 million, far below Bob Nardelli’s 25.7 million, and no severance is promised. The decision is unlikely to trend across corporate America, with experts noting Nardelli’s pay was uniquely high.
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