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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 26, 1999
Page
11
AT&T Corp posted a 58 percent jump in fourth quarter profits to 2.0 billion dollars as cost cuts and strong demand for mobile services buoyed results. About 20 thousand employees, more than 15 percent of the workforce, accepted early retirement, nearly doubling initial expectations.
Elyria business owner Faye Marshall opens Winky's Dog House at 315 Broad St offering free grooming for guide dogs including Bridget the Labrador serving Judy Groner who is blind and hard of hearing. Marshall provides $5 discounts for adoptions from the Animal Protective League of Lorain County and aims to help deaf and hard of hearing residents who rely on guide dogs.
The National Association of Realtors reported existing single family home sales reached a record 4.78 million in 1998, up 13.5 percent from 1997, driven by low unemployment, mortgage rates under 7 percent since June, and solid stock market gains. Median priced rose 5.2 percent to 130100, with regional gains ranging from 3.2 to 7.2 percent. December sales hit a record seasonally adjusted annual rate of 5.03 million.
Early prices for NYSE listed shares show mixed movement across many names. Traders monitor notable gains and losses as market activity heats up with several key listings displaying varied performance.
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