Elyria bank expands aided by new tax abatement
Northern Savings & Loan will gain a downtown Elyria tax break for a 2.5 million expansion on Middle Avenue. The CRA abatement cuts half the added value from taxation, encouraging redevelopment. Bank president Neal Hubbard says the program made staying downtown feasible amid space needs and a study of benefits. Council approval is required. applicants must file before work starts.
MENTIONED IN THIS ARTICLE
Elyria
Cras
Neal Hubbard
Northern Savings & Loan
Carol Nawricki
Nawricki
Hubbard
Bank
Critcal
Middle Avenue
Mortgage rates rise but stay below 2002 highs
Rates on 30 and 15 year fixed mortgages climbed to a nine week high for the week ending July 12 yet remained below year ago levels. The 30 year averaged 5.52 percent, up from 5.40, while the 15 year rose to 4.85 percent from 4.75. One year adjustable mortgages increased to 3.45 percent with fees around 0.7 point.
MENTIONED IN THIS ARTICLE
Washington
America
Freddie “Mac
Freddie Mac
Frank Nothart
Mortgage Bankers Association of America
Jay Brinkmann
Association
Yu-Gi-Oh tour charms crowds at Great Northern
The Yu-Gi-Oh Trading Card Game Tour arrives at Westfield Shoppingtown Great Northern in North Olmsted drawing thousands. Organizers promise a workshop trading zone and live play from 10 a.m. to 6 p.m. Saturday and Sunday with local shops forecasting strong sales and big crowds.
MENTIONED IN THIS ARTICLE
Great Northern
North Olmsted
Westfield
Yu-Gi-Oh
Jamie Finley
Westfield Shoppingtown
Finley
Game Keeper
Ryan Humphries
Corn, soybeans and wheat slip on rising crop optimism
Chicago futures eased as improving weather and crop outlooks reduced demand, with corn down to 2.15 a bushel and soybeans around 36.02 a bushel. Wheat fell to 3.15 a bushel as traders awaited Friday government reports while beef and pork futures rose on the exchange.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Chicago Mercantile Exchange
Gas markets feel effects of Enron demise
The Washington Post reports gas prices near record highs amid demand growth and a pullback in trading since Enron collapse. Competitors like Dynegy closed desks amid investigations, reducing liquidity and options for buyers and sellers. Utilities and industries face bigger price swings as liquidity tightens and gas flows continue.
MENTIONED IN THIS ARTICLE
Enron
Enron Corp
Death Star
Ricochet
California
Houston
Dynegy Inc
Christine Tezak
Schwab Capital Markets LP
Washington
D.C
New York Mercantile Exchange
Chris McGill
American Gas Association
McGill
Elizabeth Spomer
BG Lng Services Inc
Spomer
Peter Beutel
Cameron Hanover Inca Market Research
New Canaan
Unemployment claims spark stock retreat on market rally doubts
Wall Street slid as jobless claims rose to 439,000, the highest since May, dampening optimism about a solid economic recovery. The Dow fell 120.17 points to 9,036.04, while the Nasdaq dropped 31.77 and the S&P 500 slid 13.54 as Yahoo! earnings met forecasts but failed to surprise investors. Abbott Laboratories slipped after in line profit results.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Yahoo
Keith Keenan
Wall Street Access
Buils
Dow
Standard & Poor
Internet
First
Albany
Labor Department
Federal Reserve
Alan Greenspan
Greenspan
S&p
Steven Goldman
Weeden & Co
Greenwich
Conn
Keenan
Abbott Laboratories
Dollar gains as gold steadies amid mixed European trading
The dollar rose versus most major currencies in European trading while gold prices were mixed. The euro held at 1.1336 dollars, several currencies moved with the dollar, and gold prices showed little change in Hong Kong and London. Retailers faced tepid June sales with Wal-Mart, American Eagle, and Coinstar sliding on weaker results. PepsiCo climbed after quarterly profit met expectations, lifting sentiment.
MENTIONED IN THIS ARTICLE
London
New York
Europe
Wal-Mart
American Eagle Outfitters
Coinstar
Zurich
Hong Kong
Also Mentioned on This Page
Elyria Bank
Adrian Burns
Chronicletelegram
Adrian Burns the
Chronicle-Telegram
Pokemon
Helen
Don Patrick
Abums
Ian
Jack Kelley
CLA & Associates
Jackkelley
Qqlink
Leavitt Rd
The
Washington Post
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