Housing construction jump signals economic recovery
May saw housing starts surge 11.6 percent the largest gain in seven years aiding the gradual recovery. Gasoline clothes and car prices fell keeping overall consumer prices flat while Fed policy makers consider rate moves to sustain growth. African American investors increased stock market participation rising 30 percent in five years.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
WLU
Mitch
Ariel Schwab
Labor Department
New York Stock Exchange
Japan
Europe
France
Britain
Germany
Amtrak chief seeks quick action from Congress
Amtrak President David Gunn, barely a month in office, warns of a possible nationwide train shutdown next month unless Congress provides a $200 million loan or other aid. He will address the Senate Appropriations subcommittee as Amtrak restructures to cut costs and restore stability while seeking a long term funding path.
MENTIONED IN THIS ARTICLE
Washington
Amtrak
David Gunn
Congress
Gunn
Associated Press
Senate
Avon Lake weighs tax abatement to save Ford jobs
Avon Lake council discusses a preliminary tax abatement plan worth about 83 million dollars to retain 2,180 Ford Ohio Assembly Plant jobs. If approved by three jurisdictions and schools, Ford would keep roughly 900 current jobs and recapitalize 50 million dollars in equipment while recalling 70 displaced minivan line workers as production shifts to the Escape next year.
MENTIONED IN THIS ARTICLE
Avon Lake
Ford Motor Co
Ohio Assembly
Ward-4
Michael Stanek
Ford
Rob Berner
Berner
Sheffield Lake
Sheffield Village
Rich Woytowich
Ohio Department of Development
Lorain
Stanek
Ohio
Gregory Zilka
Stenek
State
Sega’s Comeback Drives SoftWare Rise At E3
Sega Corp pivots from hardware to software, posting operating profit and a hit title lineup that draws attention from Sony Microsoft and Nintendo. Analysts call it a major comeback story after ending the Dreamcast era with a billion-dollar loss and debt, signaling a shift to a software focused future.
MENTIONED IN THIS ARTICLE
Sega Corp
Sony Corp
Nintendo Co
Microsoft Corp
Sega
P.J. McNealy
Garter Inc
Nintendo
Microsoft
Sony
Wall Street closes mixed as IBM downgrade caps rally
U S stocks drifted to a narrowly mixed close after IBM issued a weak revenue outlook for the coming quarters. Dow rose 18.70 to 9706.12 while S&P 500 inched up 0.94 to 1037.11 and Nasdaq fell 19.52 to 1542.77 amid mixed housing data and cautious investor sentiment.
MENTIONED IN THIS ARTICLE
New York
Wall Street
IBM
Philip S. Dow
Dain Rauscher Wessels
Minneapolis
Dow Jones
Dow
Standard & Poor
Dollar slips as currencies rise with gold movement
U S dollar declines against major currencies in European trading while gold gains. The euro rises to 94.75 cents in late Europe trading and to 4.87 cents in New York midday trading. Other dollar rates shift with yen at 124.51, Swiss francs at 1.5572, and Canadian dollars at 1.524. Pound at 1.4866. Gold closes higher in London and Zurich while falling in Hong Kong. details remain incomplete due to partial text.
MENTIONED IN THIS ARTICLE
London
New York
Europe
Arg End
Aer Beet Co
Zurich
Hong Kong
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The
Sacramento Bee
Hamilton Workers
Hamilton
Paper Allied Industrial Chemical and Energy Workers Local
Smart Papers LLC
Ron Schweitzer
Cape Breton Island
Nova Scotia
Yeotwiss Guling Greer
Laura Schneider
Metro
Chronicletelegram.com
Rob Phillips
Chroncletelegram.com
Unyan
Safety of
Fdic Insurance
NationalCity.com
Philic Fonds
Tor
FDIC
Hellonal City Corporation
Comeback
Steven Goldman
Weeden & Co
Greenwich
Conn
Commerce Department
Lennar
Morgan Stanley
Intel
Best Buy
New York Times Co
MUS
Elyria
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