Broadway Cafe to Limit Hours at Spitzer Plaza Hotel
Lorain's Broadway Cafe and Lounge in the Spitzer Plaza Hotel will cut back to weekends amid a soft economy and rising competition. Banquet facilities stay open weekdays, with plans for a new casual theme and a spring menu. City and hotel officials expect business to rebound as river development and warm weather bring visitors.
MENTIONED IN THIS ARTICLE
Lorain
Spitzer Plaza
Anthony Giardini
Spitzer Management
Giardini
Alan Spitzer
Craig Foltin
Lorain Port
Spitzer
Ford
Ohio Assembly
Avon Lake
Renaissance Hotel
Foltin
Marcy Greek
Greek
Unemployment rises to 5.7 percent in October
The Labor Department reports the jobless rate up from 5.6 percent as payrolls shrink by 5 000, ending a four month stretch of gains. Analysts warn of a weak recovery while campaign rhetoric focuses on economy and jobs ahead of elections.
MENTIONED IN THIS ARTICLE
Washington
David Wyss
Standard & Poor’s
Labor Department
Ohio
Alaska
Oregon
Northeast
Congress
Harrisburg
Bush
Ernst & Young Sued Over 2001 Superior Bank Collapse
The FDIC filed a 548 million lawsuit against Ernst & Young alleging misstatement of Superior Bank assets and delayed reporting to protect an 11 billion consulting-arm sale. Regulators seized Oakbrook Terrace bank in 2001, the largest insured failure in a decade, costing the FDIC about 750 million.
MENTIONED IN THIS ARTICLE
Chicago
Ernst & Young
Federal Deposit Insurance Corp
Superior Bank
Enron
Arthur Andersen LLP
Andersen
E&Y’s
Superior
Oakbrook Terrace
U.S
FDIC
Stocks shake off reports to post fourth straight weekly gain
On Friday in New York Wall Street shrugged off weak data on consumer spending and manufacturing while unemployment rose. The Dow rose 120.61 to 8517.64, the Nasdaq gained 30.95 to 1360.70, and the S&P 500 increased 15.20 to 900.96, marking a fourth consecutive weekly advance amid October strength.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Michael Murphy
Wachovia Securities
Baltimore
Dow Jones
Dow
Standard & Poor
Dollar ends mixed as markets digest U.S. data and earnings
The dollar dipped below parity with the euro briefly and held multi week lows amid weak September spending data. The ISM index fell to 48.5 in October as manufacturing contracted. The jobless rate rose to 5.7 percent, while U.S. equities rose on stronger earnings and anticipated Fed moves. Major stocks like Kohl’s and GM posted gains as markets expected potential rate cuts.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Tempe
Ariz
Wall Street
Also Mentioned on This Page
Broadway
Dan Harkins
Dharkins
Chronicletelegram
Joel Naroff
House
Richard Gephardt
D-Mo
America
S&p
Ment
The
A.C. Moore
Dunvegan Associates
Santa Barbara
Calif
Moore
ISM
Federal Reserve
Fed
Kohl's
General Motors
Applebee's
Raymond James
New York Stock Exchange
Japan
Europe
France
Britain
Smith, Brothers
Celegrice Atsony
Lake Avenue
Elyria
Capellco.com
Rene Sands
AGA
Uberty
Sahee
Keystone
LaGrange
Otto
Rona AL
Neri Grill
Fisher Ter
Tenk Salas
I Mae
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