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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 09, 2009
Page
4
Apple slashes entry iPhone price in half and debuts two new laptops at $300 less. The iPhone 3GS adds faster processor internal compass video camera and better photo camera with 16GB at 199 and 32GB at 299. The 8GB iPhone 3G drops to 99. Jobs absent from unveiling.
The statewide average for regular gasoline climbed 18 cents in the last week to about 2.80 per gallon, driven by higher oil prices. Ohio pump prices are up about 65 cents from last year, though still far below the 3.96 average a year ago. In Michigan, GM winds down the GMC Topkick and Chevrolet Kodiak medium-duty trucks at its Flint plant by July 31, affecting about 398 workers. The Moraine DMAX engine plant near Dayton, employing 544, faces staff reviews with minimal impact anticipated.
A NACAC survey shows 71 percent of schools say more students are forgoing dream colleges amid the downturn. Families shift to affordable options as financial aid wanes, with students like Laura Mueller-Soppart choosing nearly full rides at public universities over prestige.
Banks move to repay the 700 billion TARP funds as early as today with expected repayments exceeding 50 billion. JPMorgan Chase Goldman Sachs American Express seen cleared to exit. Citigroup and Bank of America likely to stay tied to government rules, risking competitive gaps.
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