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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 18, 2009
Page
4
Democrats in Washington confront AIG over 165 million in post bailout bonuses. They warn losses of the funds through emergency legislation or potential taxation, citing the 170 billion government rescue and statements by Harry Reid and Chuck Schumer.
GM chief executive warns a prepackaged bankruptcy could be risky and may not work, risking liquidation if buyers avoid cars from a bankruptcy company. He cites a March 31 deadline for government approval of restructuring and additional taxpayer aid totaling 4.6 billion plus a 12 billion line of credit, with 13.4 billion already received. He notes talks with a presidential task force, the UAW, suppliers, and investors.
Ashley M. Heher reports families like Beth and Stanley Rogers of Fayetteville moving from hired help to doing laundry ironing and cleaning themselves saving about $10 000 a year. The do it yourself trend expands from hair care to home maintenance boosting sales for home improvement stores and cleaning product makers.
The article explains gas prices typically climb before summer as refiners curb output for summer grades and demand falls, yet this year demand is weak due to a broad economic downturn. It notes prices may rise 10 to 15 cents per gallon by summer, driven by refinery cuts and rising gas futures, but a $4 per gallon spike is unlikely given cheap oil and a market surplus.
The Market In Review discusses asset value and figures from Associated Press. It notes figures in dollars and savings details, indicating the need to list at least two dollars. The item is brief and analytical about market figures and valuations.
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