Eurozone unemployment climbs to record high amid debt crisis
Eurozone nations face 10.9 percent jobless rate in March, led by Spain at 24.1 percent with 51.1 percent among under 25s. The region grips recession as governments pursue austerity while calls grow for growth-focused policies and a growth pact alongside the fiscal pact.
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Associated Press
Sears executives seek confidence as sales slump continues
Sears Holdings chairman Edward Lampert told shareholders at the Hoffman Estates meeting that the company will not just survive but thrive by boosting profitability and real estate efficiency. He cited first quarter progress, planned spin offs of Hometown and Outlet stores, and $270 million real estate sales to General Growth Properties to restore investor confidence.
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FirstEnergy delays Northeast Ohio coal plant closings to 2015
FirstEnergy will keep three coal units in Cleveland Eastlake and Ashtabula idle until 2015 to allow transmission line upgrades under PJM Interconnections guidance. The plan keeps the plants running only as demand surges while other units in Adrian Pennsylvania Williamsport Maryland and West Virginia proceed with scheduled closures.
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