Ford posts first-half 2008 profit from cuts as sales slip
Ford Motor Co. reports a 27 percent drop in second-quarter earnings as demand weakens and Europe deteriorates. Despite a $417 million net, 22 cents a share, the result relies on aggressive cost cutting and Ford Credit gains. third-quarter outlook dims with a projected 15 cent loss per share.
MENTIONED IN THIS ARTICLE
Ford Motor Co
Ford
Wall Street
Burnham Securities
David Healy
Ford Credit
Contast
Europe
North America
Bear Stearns
Domenic Mariloni
Allan Gilmour
Economy sees modest price rise and factory rebound
Consumer prices rose 0.2 percent in June, the first increase since March, easing deflation fears. Factory output gained 0.4 percent, led by autos, electronics, furniture, and chemicals, reinforcing hopes for a noninflationary recovery as Greenspan keeps rates near record lows.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Federal Reserve
Ken Mayland
Clear View Economics
Wall Street
Alan Greenspan
Senate
House
Fed
Greenspan
Bi Rite Auto Sales opens in North Ridgeville with car giveaway
Allen Akin owner of Bi Rite Auto Sales at 35143 Center Ridge Road plans a first of next month giveaway where the last toucher wins a car. The store, next to Akin-Akin Collision Center, offers 90 day warranties and about 20 cars priced mainly around 3 000 to 4 000 dollars with long hours and customer friendly service.
MENTIONED IN THIS ARTICLE
North Ridgeville
B1-Rite Auto Sales
Allen Akin
Center Ridge Road
Akin
Akin-Akin Collision Center
Alin
John Horwedel
Horwedel
Alen
Wcle
Bi-Rite Auto
Genter Ridge Road
Boise Cascade to buy OfficeMax for 1.2 billion dollars
Boise Cascade Corp agrees to acquire OfficeMax Inc in a cash and stock deal valued at 1.2 billion. The transaction would more than double Boise Cascade's office products segment and place it as a stronger rival to Staples and Office Depot. OfficeMax operates about 30,600 workers and maintains the OfficeMax brand.
MENTIONED IN THIS ARTICLE
Cleveland
Boise Cascade Corp
OfficeMax Inc
Boise Cascade
OfficeMax
Shaker Heights
United States
Canada
Puerto Rico
Virgin Islands
Mexico
Boise Office Solutions
Leaders Staples
Office
Stocks drift lower as profits booked amid Greenspan remarks
Investors pull back for a second straight day as Greenspan cautions deflation remains possible while forecasting stronger year-end growth. Dow falls 34.28 to 9,094.59, Nasdaq slips 5.24, S&P down 6.33 as CPI rises 0.2 percent in June and earnings reports mostly meet expectations.
MENTIONED IN THIS ARTICLE
NEW York
Federal Reserve
Alan Greenspan
Greenspan
Richard A. Dickson
Lowry’s
Palm Beach
Fla
Standard & Poor
Labor Department
Dow Jones/ AP
Also Mentioned on This Page
Joit
Stephen Cecchetti
Brandeis University
Bush
David Hueter
National Association of Manufacturers
Anna Michael
Amichael
Chronicletelegram.com
Helen
the Chronicle-Telegram
Cleveland Institute of Music
CIM
David Lauderback
Small-business Council
Council of Smaller Enterprises
COSE
Greater Cleveland Growth Association
Terrace Club
Jacobs Field
Tower City
Edge Org
Congress
Senate Banking, Housing and Urban Affairs Committee
Brian Beiski
US Bancorp
Piper Jaffray
S&p
Belshi
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