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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 25, 2008
Page
4
The median June home price fell to 215100 while unemployment rose, prompting White House spokesperson Dana Perino to emphasize efforts to restore strong job creation as Congress tackles complex measures.
Bank Comerica cut off credit forcing Norwalk Furniture to seek a sale to investor groups after an $11 million debt and potential 2000 jobs impact. The firm operates 500 in Norwalk, 50 in Cookeville, 300 in Fulton with 57 retail stores. Ohio loan help offered.
Southwest Airlines reports a 321 million profit for the second quarter of 2008 on 2.87 billion dollars in revenue. Excluding items but including fuel profits yields 121 million or 16 cents per share, beating analysts' 12 cent expectation.
LORAIN-LNB Bancorp Inc reports a 1.1 million loss for Q2 2008 or 16 cents per diluted share, versus 2007 gains. First six months show 312 thousand net income or 4 cents per diluted share, compared with 2.2 million or 32 cents a year earlier.
The E W Scripps Co reports second quarter profit down 47 percent from a year earlier due to weak newspaper revenue and costs tied to spinning off its digital and cable networks businesses.
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