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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 07, 2010
Page
4
The Dow Jones fell nearly 1,000 points in minutes amid fears Greece may stall global recovery. By close, the index down 347, with all major averages down more than 3 percent as trader errors and Greek protests rattled markets.
U S productivity rose 3.6 percent in Q1 and is set to slow as firms exhaust lean staffing. Analysts warn hiring may rebound only slowly while Europe’s debt crisis spooks markets and keeps confidence brittle. Unemployment claims fell for a third week to 444,000, but jobless rate expected to linger near 9.7 percent.
Freshway Foods of Sidney recalls romaine lettuce sold to retailers in 23 states and the District of Columbia after 19 E. coli cases including 12 hospitalizations and three with life threatening symptoms. FDA traces contamination to a processing facility. the recall covers wholesalers food service outlets in many states and Kroger Giant Eagle Ingles Marsh grab and go salads with May 12 or earlier dates.
The National Highway Traffic Safety Administration could order prompt recalls for imminent hazards under a House draft. Lawmakers seek stronger brakes override rules and black box standards, with tougher penalties for slow defect reporting after Toyota recalls. Rep. Henry Waxman backs the measure as meeting urgent public concerns.
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