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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 08, 2007
Page
16
The Commerce Department considers final action this month after a preliminary finding that Chinese subsidies give unfair competition to U.S. producers. Hearst glossy papers and Dayton based mills would be affected as trade balances shift amid rising China exports and domestic industry pressure.
Procter & Gamble reenters the candle business after decades, launching Febreze candles to pair fragrance with odor elimination. Marketing director Martin Hettich says the move fills a market gap and targets a broad consumer base in a return to its roots.
The Federal Reserve reports April consumer borrowing rose at 1.3 percent annual rate, down from 7 percent in March, with a 0.5 percent drop in credit card debt. Americans paid off more card debt than incurred, the first suchMonthly swing in 13 months, with total debt rising by 2.6 billion vs an expected 6 billion.
Ruby Tuesday and other chains cut serving sizes while promoting add ons like salads and desserts. Industry executives say smaller portions aim to keep customers while maintaining sales as trans fat bans and more dining out reshape menus.
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