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The Chronicle Telegram in Elyria, Ohio

09 Oct 2012

Page 18

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Oct 09, 2012

Page

18

Poor earnings and Asia slowdown weigh on markets

The Dow fell 26.50 to 13 583.65 as the S P 500 dropped 5.05 to 1 455.88 and the Nasdaq slid 23.84 to 3 112.35. FactSet expects the third quarter to show profit declines for the S P 500 while Alcoa kicks off earnings. Apple tumbled from above 700 to 638.17 as Bank warns of slower China growth and Asia drag threatens U.S. recovery.

MENTIONED IN THIS ARTICLE

U.S Asia Standard & Poor Alcoa Europe Apple Bob Pavlik Banyan Partners World Bank China Dow Industrials Dow Transportation Dow Utilities NYSE Nyse Met S&p S&p MidCap Wilshire Russell Stock Exchange Nyse Nyse Mkt Naspaaq Clevbios H Navistar Glowpoint TigerLogic Taomee Axor Delath Netflix Engswyrs IntTower GreenDot HallwdGp RenewEnn Affymetrix ProgrsSoft ChinZenix HMG BTU Pacbkrm G OrionMar Frischss Intersil SouFun HKN Chu Bk ofAm Siriusxm Sete Ae Vringo CheniereEn Facebook Microsoft SprintNex Hewlett P Sandstars Intel Ishemkts Virnetx PwShs Cisco LillyEli NwGold G Apple Inc Vale SA Neuralstem Oracle Fordm Rentech Dell Inc Metropcs Aldnevg Zyngan At&t Inc NY Lowes NY BkofAm NY NiSource NY Baripvix Bob Evans Nasd Nordson Nasd Diebold NY PolyOne NY CineEquity NY EMC Cp NY Pro Siriusxm Nasd GenElec NY Smucker NY GenOn En NY SprintNex NY Groupon N Nasd Spdr Frel NY Hewlettp NY HomeDp NY SP Tech NY Honcilint NY Steris NY Vale SA NY Amex Intel Nash Vringo Invacare NY WalMart NY Jpmorgch NY Wells Fargo NY Keycorp NY Wendys Co LNB Encp LillyEli NY Yahoo Nasd Limited Commuunoopities Lt Sweet Crude NYMX New York Mercantile Exchange Chicago Board of Trade CME Chicago Mercantile Exchange NYBT New York Board of Trade Mutuaal American BalAm MA Cpwidgrla Mws Eurpacgramfb Fninva m LB Grthama m LG Incamera m MA Invcoama m LB Newpersoa m WS Wamutinvamt Fidelity Frank Temp-Franklin Income Am GA FrankTemp-Templeton Gibondadv IB Harbor Intrivstr_ d Pimco TotRetAm Pimco TotRetAdm B Vanguard Vanguard MuuniAdml Vanguard TotStlins Vanguard TotStlix MA Morningstar Doe SEC The Associated Press
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U.S. panel warns on Huawei and ZTE as security risk

The House Intelligence Committee urges regulators to block mergers involving Huawei Technologies and ZTE Corp and to exclude their components from U.S. government systems. Chairman Mike Rogers calls for American firms to use other vendors amid cyber espionage concerns linked to China.

MENTIONED IN THIS ARTICLE

Washington China United States House Intelligence Committee U.S Huawei Technologies Ltd ZTE Corp Huawei ZTE Mike Rogers R-Mich Beijing
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GM to Hire 10 000 Software Pros to Build In-House Tech

General Motors plans to hire up to 10 000 computer professionals over three to five years to bring software and technology development in house. The move targets four IT centers nationwide including a new center in Warren Michigan and an initial Innovation Center in Austin Texas. Ford BMW and Renault Nissan also pursue tech offices while GM emphasizes in house staff to advance car tech.

MENTIONED IN THIS ARTICLE

Detroit General Motors Motor City Eral David Kirkpatrick Facebook Techonomy Media Inc New York General Motors Co Ford Motor Co Gm’s Ford BMW AG Renault-Nissan California Silicon Valley Austin Texas Warren Mich
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Parker-Hannifin sells mobile climate systems unit to ContiTech

Parker-Hannifin closes sale of its automotive air conditioning business from the mobile climate systems unit to ContiTech AG of Germany. Financial terms were not disclosed. Parker-Hannifin shares fell to 83.32 amid a downtrend.

MENTIONED IN THIS ARTICLE

Cleveland Parker- Hannifin Germany ContiTech AG ContiTech Asia Parker-Hannifin
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Winter-blend gasoline release eyed to ease California prices

California regulators said air quality would not worsen as Gov. Brown allowed early sale of winter-blend gas to boost supply. AAA pegged California regular at a record 4.66 per gallon, with price pressures from refinery disruptions and pipeline corrosion. In New York, oil fell as World Bank warned Asia growth may slow and China risks rising.

MENTIONED IN THIS ARTICLE

New York Texas City U.S Marathon Petroleum Corp Marathon San Francisco California California Air Resources Board Jerry Brown AAA Golden State World Bank Asia China United States India
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Also Mentioned on This Page

Joshua Rex Macey Wilmington Trust Investment Advisors China Tech Matthew Pennington Oshawa Ontario the Market IN Review Dow Jones Parker Dish Gannett Mclean
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