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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 14, 2010
Page
17
Washington reports May job openings at 3.2 million, down from 3.3 million in April, with layoffs rising to 1.9 million. The data show a slower hiring pace despite a rebound from recession depths, and small firms face credit constraints limiting expansion.
The FDA faces a divided stance among its scientists over Avandia safety as a two day advisory meeting reviews whether the diabetes pill raises heart attack risks. Panelists will vote on possible withdrawal, with a final decision due in coming months.
Consumer Reports declined to endorse the iPhone 4 due to reception issues, saying holding the phone can fade signal. Apple delayed responses and suggested users avoid touching mode or buy a case. Analysts note potential brand impact but expect continued demand.
Federal arbitrations to decide closures for GM and Chrysler dealers are nearly finished with hearings wrapping up, final decisions due next week. Chrysler faces ongoing litigation in state courts and has restored about 80 franchises while GM plans to keep 660 plus dealers open with decisions pending.
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