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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 27, 2013
Page
3
Cyprus banks remain shut as authorities extend the bank closure into a second week. Central Bank governor Panicos Demetriades says superhuman efforts aim to reopen banks on Thursday with temporary restrictions after reopening. Finance Minister Michalis Sarris says limits will curb mass withdrawals and be removed in a relatively short period.
U.S. housing and manufacturing gains boosted the economy as government spending cuts loom. January home prices rose 8.1 percent, the fastest since 2006, while February factory goods demand jumped 5.7 percent. Stock indices advanced, with the S&P 500 up 12 and the Dow up 111 as housing recovery steadies wealth.
Ohio medical claims costs for individual policy holders could rise by 81 percent by 2017 under the federal health care law, a Society of Actuaries study says. Nationally, claims costs in the individual market may climb 32 percent, driven largely by sicker enrollees. impact on employer plans not assessed.
Nick D'Aloisio, a self taught teen programmer, sells his Summly news app to Yahoo for several million dollars. He rose from Apple’s app store to media sensation and plans cautious use of the payout in a trust until he turns 18. He aims to further automated news tech and angel investing.
T-Mobile USA announced it will begin selling the iPhone on April 12 addressing a "huge void" in its lineup. The iPhone 5 carries a $100 upfront price and $20 monthly payments for two years, with service plans starting at $50 a month. In select areas, the iPhone 4 and 4S will also be available with lower down and monthly costs.
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