Ford settles Explorer rollover class actions in four states
Ford Motor Co settled lawsuits accusing Explorer SUVs of rollover risks, covering about 1 million people in California Connecticut Illinois and Texas. Eligible owners receive vouchers worth 500 for new Explorers or 300 for other Ford products, with final court approval sought in April.
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Home sales fall for eighth straight month
Washington reports October existing home sales declined 2.0 percent to a 4.97 million annual rate. The median price dropped 5.1 percent year over year to 207800, the largest decline on record, amid a tightening credit crunch and rising defaults in subprime loans.
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National Association of Realtors
Economy grows slowly as holiday fears loom
The economy expanded at a slower pace in late fall as shoppers cut back and credit strains weighed on spending. The Fed’s snapshot noted caution among consumers and firms, while hopes of a rate cut lifted the Dow by 331 points to 13289.45, the index’s largest two day gain in five years.
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Tokyo Steakhouse Closes at Midway Mall in Elyria
Tokyo Steakhouse at Midway Mall has closed after failing to meet lease payments. The owner defaulted, the restaurant was padlocked around 2 p.m. Wednesday, and the space between Harry Buffalo and Best Buy awaits potential replacements as interest from other eateries grows.
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Ohio farmers scramble for storage as record corn harvest hits
Ohio farmers confront a storage crunch amid a record corn crop. Nationwide planting boosts yield with 541.5 million bushels expected in Ohio, up 15 percent from 2006. Farmers improvise by piling corn outside bins and selling stockpiled grain to manage prices.
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Ohio
Fred Yoder
Franklin
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Matt Roberts
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National Agricultural Statistics Service
DuPont to stop funding Little Hocking bottled water
DuPont Co will discontinue paying for bottled water for about 12 000 residents served by the Little Hocking Water Association under a 2005 lawsuit settlement. The company has spent 3 million on bottled water and another 3 million on a filter system to remove C8 carcinogen from the water.
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Little Hocking — DuPont Co
Ohio
Little Hocking Water Association
U.S. Environmental Protection Agency
Washington County
DuPont
Robin Ollis
David Altman
U.S
Washington Works
Columbus Dispatch
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