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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 09, 2006
Page
14
The Labor Department reported a sharp weekly drop in unemployment claims signaling potential improvement, though analysts warn it may be a statistical fluke from Hurricane Rita effects. White House forecasts see modest 2006 growth with jobless rate easing to about 4.7 percent.
In Wilkes Barre Pennsylvania McClatchy said it found buyers for five more Knight Ridder papers leaving Times Leader as the lone title still on the auction block. Analysts say it lags rivals like Citizens Voice and faces head to head competition.
At his confirmation hearing James B. Lockhart pledged independence as chief regulator of Fannie Mae and Freddie Mac. The government will pursue Fannie Mae executives to recover bonuses earned through an accounting scheme if the organization does not act.
Wendy’s International Inc will replace artery clogging hydrogenated oil in fries and breaded items with a corn and soy oil blend that contains zero trans fat per serving. The change cuts trans fats by about 95 percent across 6300 restaurants in the United States and Canada and is praised as a watershed by health advocates. Executives say the move improves nutritional profile, with McDonald's previously testing a similar switch but without a timetable.
Apple Computer files a second patent counterclaim against Creative Labs of Singapore in U.S. courts while Creative seeks ITC action to bar imports. The case adds to a wave of tech patent clashes as Apple holds about 75 percent of the U.S. portable digital music market.
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