Fed snapshot shows uneven growth across regions
The Federal Reserve reports modest expansion in most districts with pockets of slowing, amid steady inflation and a healthy job market. The data, gathered before Feb 26, suggests moderation rather than acceleration, with several regions noting deceleration signs and price pressures remaining largely unchanged.
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Federal Reserve
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Senators chastise credit card companies
Senate investigators hear Ohio man Wes ley Wannemacher describe $3,200 in purchases swelling to $10,700 due to penalties, fees, and high interest. Chase Card Services chief Richard Srednicki apologizes and vows to end over limit fees for chronic 90 day overages, while Levin and Coleman press banks on unfair practices and opaque disclosures.
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Carl Levin
D-Mich
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Chase
Bank of America
Citigroup
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Minnesota
Diner Revival Planned for Ruthie and Moe's in Cleveland
Cleveland developer Samir Khouri of Gourme Family Restaurant plans to revive the Ruthie and Moe's Diner at East 40th Street and Prospect Avenue. The diner, a 1960s mixed with a rail car look, will be renamed Somer's after his daughter and is slated to open in May with deli sandwiches and classic fare.
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Ohio settles Time Warner case for 144 million dollars
Ohio reaches a 144 million dollar settlement with Time Warner Inc over losses tied to the AOL Time Warner merger. The settlement, announced by Attorney General Marc Dann, covers state pension funds and the Workers' Compensation system, with court approval still required and Time Warner denying wrongdoing.
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Time Warner Inc
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Independent union weighs merger with United Steelworkers
Leaders of the Independent Steelworkers Union representing 1250 Mittal Steel Weirton employees vote to join the USW. Terms to members by mail this month with meetings and ballots scheduled through March 31, as ISU members consider the merger with the Pittsburgh based USW.
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Morgantown
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American Steel Industry
Independent Steelworkers Union
Mittal Steel Co
Weirton
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Ohio River
Steubenville
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Canada
ISU
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