Slower Growth Could Delay Fed Stimulus Taper
U.S. growth was revised down to 1.8 percent for January-March, pushed by weaker consumer spending, likely delaying Fed tapering of bond purchases. economists warn pace may stay subdued through mid year, challenging Fed forecasts for 2013 growth. Dow rose on hopes the economy may still strengthen.
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Paula Deen dropped by Wal-Mart amid backlash
Paula Deen loses ties with Wal-Mart and has her name removed from four buffet restaurants after defending herself on television over admitting use of a racial slur. Caesars Entertainment also removes her name from four venues. Deen’s deposition reveals use of the N word in past remarks and may have used it more than once.
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Avon Lake mom starts home business from pillow idea
Cindy Perry created a circular donut shaped pillow after struggling to find one for her son. The feature pillows evolved with handles and folds to hold toys, aiming for washability and child friendly design. Her idea grew from a family project to a national selling line.
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Cindy Perry
John
Perry
Texas
Pelle
Avon Lake inventor launches Pello pillows into retailers
Cindy Perry describes turning a home sewing project into a growing business, moving from selling pillows locally to national production. The Pello creator explains product name origins, current outlets Littlest Detail in Avon and Paisley Monkey in Lakewood, and plans for an oval shape. Perry invites readers to submit business announcements for future features.
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Avon
Lakewood
Pardoned financier Marc Rich dies in Switzerland
Marc Rich, the billionaire financier known as the King of Commodities, died in Lucerne Switzerland after a stroke. He had been pardoned by Bill Clinton amid controversy over donations to the Democratic Party. Rich rose from a working class Jewish family to a global dealmaking empire and faced charges of fraud racketeering and tax evasion before his pardon.
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