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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 09, 2013
Page
6
Employers added 236000 jobs in February and the unemployment rate fell to 7.7 percent the lowest in more than four years. The four month hiring spree averages 205000 monthly as housing auto sales manufacturing and profits boost demand. Analysts say momentum could lift consumer spending and global growth.
Delta Air Lines chief executive Richard Anderson criticized the TSA policy allowing small knives on planes. He said the change adds little security value and increases risk for crew and passengers, urging risk based screening instead. Delta is a leading critic joining flight crews and others in backlash.
McDonald's reported a 3.3 percent drop in U S sales in February as Fish McBites failed to attract enough diners. Excluding an extra February last year the figure was flat. Oak Brook based chain faces industry shifts and higher payroll taxes.
At Just Born Bethlehem plant in Pennsylvania Peeps mark six decades of novelty and candy making. Ross Born and David Shaffer describe growth through marketing expansion and new products while the brand remains a holiday staple through playful dioramas topiary and even sushi ideas.
J C Penney Co confirmed it will eliminate about 2200 back office positions as part of cost cuts after a year of plunging sales. The move follows a $4.3 billion revenue loss and a quarterly $552 million deficit as CEO Ron Johnson reshapes stores with hip brands and lower everyday prices.
News Corp will separate its publishing arm into a new company with 2.56 billion in cash and no debt, including The Wall Street Journal, HarperCollins, Amplify, and Australian TV assets. Rupert Murdoch will be executive chairman of the spin off and retain control of Fox Group. The move targets completion by June.
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