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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 10, 2009
Page
6
The Federal Reserve said banks plan to tighten credit card terms as a new consumer protection law nears effect. Banks expect higher rates, lower limits, higher annual fees, and raised minimum scores for non-prime borrowers, with many already raising rates in anticipation.
Anne D Innocenzio reports that robotic hamsters, Barbie dolls, and trendy boots are disappearing from stores as inventories stay thin. Retailers fear overstocking after last year’s busts, leading to underordering and early toy shortages ahead of Christmas.
In several U S communities burglaries have fallen during the recession as more people stay home. Police credit heightened neighborhood vigilance and routine surveillance, with drops reported in St Louis County Boston Aurora and Shelby. Experts note the trend is surprising yet widespread and accelerate efforts against habitual burglars.
PolyOne Corp. announces Joseph P Kelley as vice president of planning and investor relations and Vincent W. Shemo as vice president and controller. Kelley previously led acquisitions and investor relations at Lincoln Electric and directed global finance consolidation while based in Barcelona. Shemo, joining PolyOne in 2008, previously led corporate finance and held senior roles at Novelis Timken and ABB.
The Dow Jones industrial average surged to its highest level in 13 months as a weaker U.S. dollar boosted prices for gold oil and other commodities. Energy and materials stocks led the gain with the index up about 2 percent on Monday according to local and wire reports.
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