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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 08, 2011
Page
22
Ford Chrysler and the United Auto Workers are far apart with a week to go before contracts expire at 11 59 p m Wednesday. GM has been negotiating pay with the union longer and is ahead of its rivals in talks.
U S employers posted 3.23 million job openings in July, the most since August 2008, while total hiring eased to 3.98 million and layoffs plus quits fell to 3.92 million. The unemployment rate held at 9.1 percent as the job market shows mixed signals amid a proposed $300 billion federal jobs package.
Consol Energy sells Utica Shale exploration and development rights in Ohio to Hess Corp for 593 million dollars. Hess gains 50 percent of Consol's mineral rights on about 200000 acres. The Utica lies beneath parts of the Marcellus and extends from New York to Tennessee and Lake Erie. Environmental concerns over fracturing persist amid industryis push for gas.
Yahoo faces a leadership dilemma as Tim Morse acts as interim chief while the board seeks a permanent replacement. The company struggles to translate its once-dominant online services into sustained user engagement, advertiser interest, and investor confidence amid Google and Facebook’s rise.
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