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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 30, 2008
Page
6
The Consumer Confidence Index stands at 51.9 for July, about half its level a year ago and the lowest since October 1992. Analysts warn any rebound depends on housing and job markets as stimulus effects fade. The Dow rose over 188 points despite the mood.
The package includes 77.7 million for GM to retain 3 700 jobs at Lordstown and a 15 year 4.4 million credit to create at least 200 jobs as GM plans a Chevrolet Cruze plant. Ford receives a seven year 1.7 million credit for a third shift at Lima engine plant to support a 12.6 million project adding 219 jobs. Bridgestone may build a new Akron technical center with 1 000 jobs preserved. Ohio offers 18 million in tax breaks.
Federal Motor Carrier Safety Administrator John Hill unveiled a plan at Bendix to consolidate over 102 federal programs into eight comprehensive ones and give states data driven flexibility to address safety. Hill described local funding as usable by communities and demonstrated Bendix ABS ESP tech via a test drive highlighting advances in crash avoidance. Joseph McAleese praised the showcase of Bendix technology.
Bennigan's Grill & Tavern and two sister brands shut down after S A Restaurant Corp filed for Chapter 7 bankruptcy. The move affects corporate locations, furloughs staff across Dallas area and leaves franchisees to operate without corporate support.
The popular Facebook game Scrabulous, created by two Indian brothers, was disabled for U.S. and Canadian users after Hasbro sued for copyright infringement. Hasbro and Mattel, co-owners of Scrabble rights, had earlier sought its removal. Hasbro partners with Electronic Arts to create a new Facebook version. The game reported about 509,505 daily active users since its launch last summer.
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