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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 11, 2011
Page
3
Saudi Arabia aims to lift production to 10 million bpd, the highest in 30 years, signaling a reclaim of OPEC influence after a blocked request to hike supply. Prices fell as analysts note the potential output boost could ease a global supply shortfall and pressure inflation.
Citigroup disclosed that 200,000 credit card customers had their names, account numbers and email addresses stolen. The bank will notify victims and issue new cards while authorities investigate. CVV data were not exposed and losses are mitigated by federal protections. Phishing risks loom as attackers could exploit the compromised information.
Weak economic data renews concern that the global recovery has stalled. The Dow Jones average drops 172.45 points to 11951.91, the S&P 500 18.02 to 1270.98, and the Nasdaq 41.14 to 2643.73, extending a six week loss.
With gas near four dollars a gallon and used-car deals scarce, scooter demand rises. Dr. Richard Bromberg, 74, rides a Piaggio in Fort Lauderdale as he saves money and sends a message to foreign oil producers. Varsity Cycle reports sales up about 60 percent from last year with prices from 1399 to 7000 dollars.
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