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The Chronicle Telegram in Elyria, Ohio

18 May 2017

Page 5

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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 18, 2017

Page

5

Wall Street Slides On Washington Drama With Dow Down Over 370

Wall Street jitters as Washington political drama spooks investors. Dow Jones falls 372.82 points to 20,606.93 while S&P 500 drops 43.64 to 2,357.03 and Nasdaq loses 158.63 to 6,011.24 amid buyback fears and a shift to safety assets.

MENTIONED IN THIS ARTICLE

Washington Wall Street White House Donald Trump Quincy Krosby Prudential Financial Standard & Poor S&p Dow Industrials Dow Transportation Dow Utilities NYSE Wilshire Russell Apple Inc Nordson AprilMatl BkofAm Northropg Barrickg Oracle Bob Evans PNC Cedarf ParkerHan Penney CntryLink Petrobras ChesEngos Cisco Pfizer Citigroup Puvixst Rs Csvixsh Rs ProdGam Csvellvst Darden Siriusxm EmersonEl Smucker Facebook Snapinc An FifthThird SwitEn FirstEngy Spirit Ritc Fordm Sprint FrontierCm Spdr Facl GenElec SP Tech GenMotors Target HomeDp Twitter Honcilint HuntBnesh US Steel iShBrazil Vale SA Ishchinalc ValeantPh “E Ishemkts Vanegold Ease VerizonCm Intel WalMart Invacare Weathfind Jpmorgch Wells Fargo Keycorp Wendys Co Lowes Windstars Yahoo E Mutua AmrenBalAm FdmilinvsAm GrfAmrcAm IncAmrcAm Invcamrcam Nwprspctva m Wamtinvs Fidelity Franklin Templeton IncAm Metropolitan West TtlRetBoll Pimco Inclnsts Pimco TtlRetIns T. Rowe Price GrSth Vanguard Vanguard PrmCpAdmrl Vanguard Stinvmgrdadmrl Vanguard Ttbmidxadmrl Vanguard Ttbmidxins TtInSidxAdmil Ttismidxadmil Ttismidxins Vanguard Ttiismidxins Vanguard WingtnAdmil Vanguard WislyincAdmrl Canadiars SEC
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Qualcomm Sues Foxconn Pegatron Wistron Compal Over Royalties

Qualcomm files a breach of contract suit in San Diego federal court against four Taiwanese iPhone and iPad contract manufacturers Foxconn Pegatron Wistron and Compal. The action seeks at least 1 billion dollars in unpaid royalties and damages as Apple withholds payments.

MENTIONED IN THIS ARTICLE

San Diego Qualcomm Don Rosenberg Apple U.S Bloomberg U.S. International Trade Commission Rosenberg Hon Hai Precision Industry Co. Ltd Foxconn Pegatron Corp Wistron Corp Compal Electronics Taiwan China Samsung Intel
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Household debt hits new postcrash high in first quarter

The Fed NY data show total household debt rose to 12.73 trillion in Q1 topping the 2008 peak. Delinquency fell to 4.8 percent but rising auto and credit card delinquencies and high student loan delinquency signal risks. Donghoon Lee cautions debt level not a celebration.

MENTIONED IN THIS ARTICLE

Washington Federal Reserve Bank of New York Donghoon Lee New York Fed Fed
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Ford to cut 1400 jobs amid leaner plan and auto tech push

Ford Motor Co announces 1400 nonfactory layoffs in North America and Asia Pacific with voluntary early retirement offers to about 10 percent of salaried staff in sales marketing and human resources. Completion expected by September as Ford tightens costs to fund autonomous vehicle bets with Argo AI and other tech ventures. About 130 temporary layoffs anticipated at Ohio Avon Lake plant.

MENTIONED IN THIS ARTICLE

Detroit Ford U.S North America Asia Pacific General Motors Co Chuck Stevens Asia Argo AI Google Uber Ohio Assembly Avon Lake
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Also Mentioned on This Page

D.C S&p 500 Meric Greenbaum James Conti New York Stock Exchange Qualcomm Sites Contractors Mike Freeman San Diego Union-Tribune the Market IN Review Naspaa Gravity Rs ContMatls Apple Inc PumaBiote Aeagleout Veritonen Ping Sweet Crude NYMX CME New York Mercantile Exchange Chicago Board of Trade Chicago Mercantile Ice ICE Intercontinental Exchange
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