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The Chronicle Telegram in Elyria, Ohio

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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 11, 2008

Page

4

Gas prices rise in Northeast Ohio AAA cites 3.23 average

AAA reports Northeast Ohio gas averages 3.23 a gallon up 18 cents from last week. Spokeswoman Bevi Powell notes broader economic ripple and changes in driving behavior as drivers trade vehicles and seek efficiency. At Marathon station managers say competition keeps prices high while customers keep driving. Dealerships report buyers trading pickups for smaller cars like Focus to save fuel.

Ohio AAA Bevi Powel Marathon Jason McCune McCune Mike Bass

Stocks fall as oil near new high pressures Fed rate bets

U S stocks closed lower for the third straight session with the Dow dropping 153.54 points to 11 740 15 as oil rose above 108 a barrel. Financial shares led declines with Citi and AmEx among the big losers while McDonald’s gained 3 5 percent on strong February same store sales.

New York U.S Federal Reserve Fed Tom DiGaloma Treasury Jefferies & Co Citigroup Inc American Express Co J.P. Morgan Chase & Co McDonald's Corp Dow Industrials Dow Transportation Dow S&p Wilshire Convo LSB Inds Conva Smains Nya Fortress UN Microsoft Intel lehmanBr Apple Inc CrtryTel Northropg NY ParkHans NY OM Delline Diebold Etrade Emersone NY Prushs&p Amex Prushqqq Amex Fannie Mae NY Sherwin NY Amex SP Matis Amex Engy Amex Frei Amex Wsnr2k Nya Amnex WA Muti Wells Fargo NY Nb E Wendys NY Yahoo NYMX UBU Chicago Board of Trade CME Exchange NYBT New York Board Agar BalAm Mih Eurpacgra Mfb Fundminva Mlb Growamera m LG Incamera m MA Invcoama m LV Newperspa m Wamutinvam lv Davis Nyventam Dodge & Cox intiStk Jamos LG Fidelity Diviniti Fidelity Eqinciv Fidelity GrowCo Fidelity LowPrintk Pimco TotRetis Vanguard Wodsei lv

Mall centers feel hangover as retail retrenchment spreads

Mall centers across the United States face rising vacancies and store closings as retailers trim brands and debt, with Paradise Valley Mall in Phoenix emblematic of a wider downturn. Analysts note higher vacancies, falling demand, and a shift from niche to discounter pressure, while some chains file for bankruptcy or shutter stores.

Orchards Corner Mall Lawrence Kan America Wilsons Leather KB Toys Paradise Valley Phoenix Bombay Co Wilsons Ann Taylor American Eagle Michelle Green Fred Meyer Jewelers Bombay Ann Taylor Stores Corp Talbots Inc Pacific Sunwear California Inc Sharper Image Corp Lillian Vernon Corp Dan Ansell Greenberg Traurig LLP Ansell

National Century executives accused in $1.9 billion fraud

Federal prosecutors described National Century Financial Enterprises as a failed health care company that became a web of lies to defraud investors of about 1.9 billion dollars. Two former owners and three former executives faced charges while Assistant U.S. Attorney Wes Porte outlined the case.

Columbus National Century Financial Enterprises U.S Wes Porte

Pack of lies: Dublin company executives misled investors

In U.S. District Court Porter described the case as a pack of lies. Prosecutors say National Century executives in suburban Dublin authorized millions in unsecured loans to health care providers and misled investors about the loans, steering the business toward deception.

U.S. District Court National Century Porter Dublin

Strike at American Axle drags on as UAW backs bargaining

A two week strike at American Axle and Manufacturing Holdings Inc. could extend longer as profits mask demands for concessions. The walkout creates a parts shortage crippling GM manufacturing of pickups SUVs and vans. The company has shut down part or all of 28 plants affecting 37 000 hourly workers including GM sites in Moraine Toledo Parma Bedford Defiance and Mansfield.

Detroit American Axle and Manufacturing Holdings Inc General Motors Corp Ohio Moraine Toledo Bedford Defiance Parma Mansfield

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