Greenspan sees slow U.S. recovery amid corporate scandals
Federal Reserve Chairman Alan Greenspan told Congress that the economy should return to healthy growth, though corporate malfeasance scandals threaten consumer and business confidence. He urged accountability for CEOs and supported tougher fraud penalties while backing private-sector stock option expensing.
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Washington
Federal Reserve
Alan Greenspan
Congress
Tance Consummers
Dusinesses
Greenspan
Senate
Cod
Don's Lawn Tour to Benefit Lorain County Animal Shelter
Don Seabold of Don's Lawn and Garden in LaGrange will host a self guided pond and landscape tour to raise funds for the Lorain County Animal Protective League. The Sept 7 8 event covers five back yards in Lorain County from 10 a.m. to 10 p.m. with tickets 10 for adults and 2 for children under 16. Proceeds support shelter operations including heating cooling and animal care at the APL.
MENTIONED IN THIS ARTICLE
Don Seabold
Don
LaGrange
Seabold
Lorain County
APL
Todd Merry
Elaine Novak
Novak
Murray Ridge Road
Elyria
Wall Street slides again as Dow posts seventh straight loss
Wall Street extended its seven session losing streak with the Dow dropping 166.08 to 8473.11 on Tuesday, the Nasdaq off 7.36 and the S P 500 down 16.99 amid fears of earnings weakness and ongoing market volatility. Greenspan soothed nerves briefly but investor concern persisted over corporate earnings and accounting scandals. Major movers included Caterpillar and General Motors falling on earnings misses and pension concerns, while Johnson & Johnson rose on better than expected results. Global markets were mixed with Japan down, Europe mixed, and volume at 2.22 billion shares.
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New York
Wall Street
Federal Reserve
Alan Greenspan
Dow Jones
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Caterpillar
General Motors
Intel
Johnson & Johnson
Blue
Joseph V. Battipaglia
Ryan, Beck & Co., LLC
New York Stock Exchange
Japan
Europe
France
Britain
Germany
Intel to Cut 4000 Jobs Amid Weak PC Chip Demand
Intel Corp announces a 4,000 job reduction, about 5 percent of its workforce, after weaker than expected second quarter results. CFO Andy Bryant cites lack of economic recovery and plans attrition as the main method, noting 83,000 employees worldwide at end of Q1.
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San Jose
Calif
Intel Corp
Silicon Valley
Intel
Andy Bryant
Bryant
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