Colorado Park expansion eyed in Lorain plan
Lorain moves to push a $9 million expansion of the Colorado Industrial Park, aiming to develop 408 acres once hindered by an environmental history. The plan includes land purchase from US Steel, $3 million in infrastructure, a 30,000 square foot demo facility, and a loan-backed funding package with state and federal support.
MENTIONED IN THIS ARTICLE
Lorain
Colorado
Ford
Craig Foltin
Inner Automotive
Strongsville
Folin
Council
Root Road
Colorado Avenue
Foltin
Department of Housing and Urban Develop
Ment
US Steel
First Choice to consolidate Elyria plant to Fremont a move
First Choice Packaging will consolidate its Elyria production with its Fremont facility by Aug. 1, keeping the Elyria corporate office. About 85 workers must decide by Friday whether to transfer to Fremont or find other jobs, with roughly 120 miles round trip or relocation required for production staff. Mayor Grace and Moon Inc. express regret as Elyria loses a renter. many employees are moving to Fremont.
MENTIONED IN THIS ARTICLE
Adrian Burns
Chronicle-Telegram
Elyria
Fremont
First Choice Packaging
Lowell Street
First Choice
Paul Tomick
Ity
Tomick
Bill Grace
Don Bireley
Moon Inc
Fed sees economy inching up after war end
The Federal Reserve said the weak U S economy may rebound now that the Iraq war is over. Four districts Dallas Kansas City New York and Minneapolis reported signs of increased activity with no district noting further deterioration. The beige book cautioned against overreading a rebound and noted many districts remain sluggish. The survey will inform policy decisions at the June 24 25 meeting.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Central Bank
Dallas
Kansas City
New York
Minneapolis
Fed
Nick Bennenbrook
Brown Brothers Harriman & Co
Female boomers work into old age
New York AP report notes baby boom women persist in professional roles into their 60s and beyond. Jane Williams, 54, rose from bank teller to California wealth manager and co founder of Sand Hill Advisors, illustrating a trend of experienced women staying in work. Projections from the U S Bureau of Labor Statistics show more women over 55 in the workforce and more aging workers past 65. Carrie Pryor, 50, reflects career shifts from Wall Street banker to executive recruiter, valuing flexibility and independence.
MENTIONED IN THIS ARTICLE
New York
Jane Williams
California
U.S. Bureau of Labor Statistics
Williams
Canadian Economic Council
Merrill Lynch
Canada
Sand Hill Advisors
Palo Alto
Calif
Allstate Financial
Bureau of Labor Statistics
Carrie Pryor
Wall Street
Pryor
Christian & Timbers
Stocks advance on investor optimism in rally smooth
Wall Street extended its rally as investors shrugged at a Texas Instruments warning and sent major indexes higher. The Dow topped 9,100 for the first time in 11 months, closing up 128.33 at 9,183.22 as Nasdaq rose to 1,646.02 and the S&P 500 reached 997.48. Analysts credited upbeat first quarter earnings and hopes for an economic rebound, while some warned a near-term pullback could occur. Investors noted gains driven by low interest rates and broad-based advances, with Lennar jumping after a strong housing outlook.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Texas Instruments
Dow Jones
Steven Goldman
Weeden & Co
Greenwich
Dow
Standard & Poor
Asia
Subodh Kumar
Cibc World Markets
S&p
Goldman
Lennar
Dollar dips on rate cut odds as markets hold steady
The dollar softens against major rivals amid signals of a U S rate cut. Fed officials have hinted at a June reduction while the Bank of Japan's actions keep the yen steady. Earnings news lift Eli Lilly and IBM, Freddie Mac faces a criminal probe, and stock advances outpace declines globally.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
U.S
Bank of Japan
Builder
Eli Lilly
IBM
Merrill Lynch
Freddie Mac
Also Mentioned on This Page
Colorado Park
Forest City Land Group
Lorain County
Metro Parks
French Creek Park
National Gypsum Co
Kansas Avenue
Missouri Avenue
Dan Harkins
Dharkins
Chromdetelecram
Prin
Cromwell Park
Fremont Facil
Abums
Chronicletelegram
Middle Ave
Ohio
Christan & Timbers
New York Stock Exchange
Japan
Europe
France
Britain
Germany
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