Banks repay TARP money marking partial recovery
Ten banks that took part in the 700 billion rescue program will return about 68 billion dollars from the 200 billion TARP pool. Morgan Stanley and Northern Trust also won permission to repay, while experts warn the crisis is not over and gaps may widen between healthy and weak banks.
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Village Jewelry and Repair opens in Grafton
Local jeweler Scot Kuhns and partner Jennifer Kuhns launch Village Jewelry and Repair at 585 N Main St Grafton focusing on jewelry and watch services. The store offers gold platinum and silver evaluation for cash and stocks a range of engagement wedding and anniversary rings.
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Village Jewelry and Repair opens in Parson's Crossings Lorain County
New business Village Jewelry and Repair at 585 N. Main St Grafton in Parson's Crossings opens with one of a kind colored stone pieces and a diamond engagement ring cut by Philip W Emmenis. Owner Kuhns emphasizes old fashioned Brandau service and low overhead pricing to attract customers.
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Crude tops $70 a barrel as prices pause for motorists
Crude rose to 70.01 a barrel on the New York Mercantile Exchange, a 70s annual high with intraday 70.18. Government and banks raised price forecasts this week while national average gas stayed flat at 2.619 dollars per gallon, ending a 42 day rise streak.
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Bright spots emerge in job market signs of stabilization
Washington reports signs of stabilization in hiring as restaurants mortgage servicers and health centers step up recruitment. A SHRM survey shows about a quarter of manufacturers and over 40 percent of service employers plan to hire in June, the year’s high in six months, though still below last year. Openings for lawyers accountants and other professional services rose, while overall unemployment lingers near 9.4 percent.
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