Jobs apologizes for iPhone price cut and credits
Apple CEO Steve Jobs apologized for the $200 price cut on the iPhone and offered $100 credits to customers who paid $599 for the top model. He said the tech path is bumpy and acknowledged crowd anger while promising credits for non rebate eligible buyers.
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CHP to cut 17 jobs at Lorain health group
The Chronicle Telegram reports Community Health Partners plans to eliminate 17 non patient care positions by month’s end. Senior VP Patrick Cowley cites uninsured patients, higher government reimbursements cuts, and HMO payment disparities as drivers amid Lorain’s 8.8 percent unemployment. CHP employs about 2,200 people.
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North Ridgeville nursing home referendum withdrawn in compromise
The committee opposing the Cypress Station development withdrew its referendum after an agreement with developer Bob Schmidt. The pact provides protections for nearby residents along Chesapeake Drive Reading Way Depot Street and Pennsylvania Drive, reducing light and other concerns.
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Depot Street
Pennsylvania Drive
Lorain
Bagley Roads
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Retail sales rise in August amid back-to-school push
August retail results beat expectations as consumers, despite credit problems and a soft housing market, bought heavily for back to school. Wal-Mart Target Pacific Sunwear and Saks led gains while Kahl's disappointed. pace edged above July's 2.6 percent but analysts warn economic concerns could curb momentum.
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Wal-Mart Stores Inc
Target Corp
Pacific Sunwear
California
Saks Inc
Kahl’s Corp
Michael P. Niemira
International Council of Shopping Centers
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