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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 15, 2000
Page
8
Inflation cooled barely in May with a 0.1 percent CPI increase driven by lower gasoline costs. The Fed survey noted signs of worsening price inflation in several districts, while core inflation rose 0.2 percent for a second month.
A new e mail virus tried to flood Spain’s wireless phone network with text messages. Telefonica SA reported no customer complaints, as early detection limited impact. Experts warn mobile devices are increasingly vulnerable and could extend to other Internet connected devices.
Gannett Co. buys Mansfield News Journal and nine other Ohio dailies plus eight in Wisconsin and lone papers in Louisiana Utah and Maryland from Thomson for 1.125 billion dollars. Ohio titles include Telegraph Forum Chillicothe Gazette Coshocton Tribune Lancaster Eagle Gazette Marion Star Advocate Newark Times Recorder Zanesville Journal News Hamilton Middletown Journal News.
Grace Children's Products Inc. recalled 31,000 Tot Wheels Entertainer Activity Center with Bounce walkers after 27 reports of collapses. Sold 1999 2000 for about 50 dollars, the walkers could injure infants with bumps and bruises. Consumers should stop using them and call Graco for a free repair kit at 800 345 4109.
Federal prosecutors charged 120 people in a record securities fraud crackdown led by U S attorneys from Manhattan. The case spans New York City five crime families and includes a former police detective and an array of brokers and insiders. Investigators say the scheme used boiler room efforts and Internet promotion to defraud investors of over 50 million dollars, with threats and even murder sought to protect profits.
In Washington a SmarTrip card pays transit fares instantly as a 22 year old tech worker hurries through a metro gate. The article notes plans for all in one smart cards from AmEx Citicorp Visa and Microsoft backed efforts along with a $50,000 prize for developers. wereldwijd market reaches 2 billion dollars annually with e cash and internet purchases via smart cards in Europe and Asia.
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