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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 18, 2007
Page
2
The Dow Jones Industrial Average breaks 14,000 briefly on Tuesday, reaching as high as 14,021.95 in early trading before closing below that mark. Broad indices mix gains and losses as investors weigh inflation data, earnings, and takeover activity amid a continuing rally.
Elyria Mayor Bill Grace says the Riverbend Homes Project is back on track with a revised tax increment financing agreement. Ninety eight market rate homes priced 169000 to 199000 were stalled over land sale terms involving New Sunrise Properties and the Sommers family. If the deal fails the city risks over 80000 in legal costs, while officials emphasize the project would diversify housing and raise school performance through a mixed income neighborhood.
Emma Casale and colleagues guard secrets as Harry Potter and the Deathly Hallows arrives in sealed Scholastic boxes. Publishers and fans juggle hype with secrecy to preserve twists, while sites like MuggleNet push strict anti leak policies amid a vast Potter economy.
The E W Scripps Co will shut down The Cincinnati Post and The Kentucky Post on December 31 after a century of operation. Once large in circulation, the papers have seen steady declines and staff cuts. Gannett had warned earlier it would not renew the 1977 joint operating agreement. Scripps shares fell 27 cents to 46.73 amid a year trading range of 40.86 to 53.39.
Cleveland based KeyCorp reported second quarter earnings up 8 percent to 334 million dollars or 84 cents a share for the quarter ended June 30, beating Thomson Financial estimates of 70 cents. The gains came from growth in non interest income and strong expense control despite a challenging rate environment. Non interest income rose by 104 million dollars led by principal investing and loan sales and the stock rose about 5 percent.
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