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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 31, 2008
Page
6
The piece describes consumers cutting vacations and gardening more at home as gasoline and food costs rise. It notes a looming bad jobs report, unemployment up to 5.5 percent, a 6.1 percent drop in existing home values, and a bear market for the Dow while sectors like agribusiness and energy show resilience.
Washington lawmakers move to ban lead and other hazardous chemicals from children products including jewelry and rubber ducks. The bill would strengthen testing rules, empower the Consumer Product Safety Commission, and address dangerous imports from China cited after last year recalls.
General Motors plans to eliminate about 5,100 U.S. and Canadian salaried jobs by November 1 as part of a cost cutting drive to weather U S sales slump. The move comes ahead of second quarter results with analysts predicting a per share loss and revenue around 44 6 billion.
Bennigan's and Fazoli’s near Midway Mall both closed. Bennigan's parent company filed for Chapter 7 bankruptcy, with 300 stores affected and no reopening planned. Fazoli's shut on July 16 after an initial remodel notice, per Centro Properties Group, with no date for new tenants but ongoing mall leasing.
PolyOne plans to eliminate roughly 40 positions at its Avon Lake campus in Building 452 before next spring, added to earlier estimates. The move trims production lines while shifting work to other plants as raw material and energy costs strain the business.
BP reports a software fault caused double charges at some older stations in Ohio and Indiana after card payments. BP apologizes and will issue refunds and cover overdraft fees. Also cited is a separate study noting 2.3 million U.S. jobs lost and $19.4 billion in wages due to China trade deficits, with Ohio among the hardest hit.
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