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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jan 30, 2008

Page

2

Foreclosures surge in 2007 across states including Ohio

RealtyTrac reports 2007 foreclosure filings rose 79 percent from 2006 with about 13 million notices nationwide. Ohio ranked sixth with 153,196 filings on 89,979 properties, up 88 percent, as Nevada Florida Michigan California and Colorado posted the highest rates.

Los Angeles U.S Ohio RealtyTrac Inc RealtyTrac Nevada Florida Michigan California Colorado

Bank of America still pursues Countrywide merger despite losses

Bank of America Corp chief Kenneth Lewis said in New York the merger with troubled Countrywide Financial Corp remains “a go.” He cited Countrywide’s larger losses and ongoing legal battles but indicated the deal could proceed, with market view already factoring in a disaster in the fourth quarter.

New York Bank of ‘America Corp Countrywide Financial Corp Kenneth Lewis Countrywide Acquisitin Wide Bank of America Lewis Marquardt

Weather boosts AEP 4Q earnings

AEP reported fourth quarter profit up 28 percent to 231 million dollars, 58 cents a share, on revenue of 3.3 billion as favorable weather, higher rates, and long-term supply deals supported results. Ongoing earnings were 209 million, 52 cents a share.

Columbus American Electric Power Co AEP Cleveland Sherwin- Williams Co Wall Street

eBay cuts listing fees to lure sellers and rival rivals

eBay Inc announced major changes at its Washington forum including a 25 to 50 percent cut in listing fees to spur seller activity while offsetting by higher final value fees. Gallery option fees are being eliminated to encourage more item photos.

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Dana faces worries as Dana Corp nears bankruptcy exit

Dana Corp expected to emerge from Chapter 11 this week amid concerns about a slowing U.S. auto market. The parts maker has sold eight plants, cut three businesses, shifted retiree health care costs to a union trust, and forecasted up to 475 million dollars in annual savings including 100 million in labor costs. Centerbridge Capital Partners plans up to 500 million dollars in investment, officials say.

Toledo Dana Corp U.S Dana Detroit Centerbridge Capital Partners LP Chuck Hartlage

California fines UnitedHealth PacifiCare record $3.5M

The California Department of Managed Health Care fines a UnitedHealth subsidiary $3.5 million in its largest ever penalty for handling health claims poorly. The Department of Insurance cites over 130000 violations across PacifiCare, including wrongful denials and incorrect payments, with possible fines up to $1.3 billion. UnitedHealth’s PacifiCare unit was acquired for $9.2 million two years ago.

Minneapolis California UnitedHealth Group Inc California Department of Managed Health Care Minnetonka Minn UnitedHealth California Department of Insurance Pacifi- Care

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