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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 09, 2010
Page
9
U.S. consumer credit declined at an annual rate of 3.6 billion in July as households cut back credit card use for the 23rd consecutive month. Auto loan borrowing rose modestly but was offset by continued weakness in credit cards amid tight lending, high unemployment, and sluggish wage growth.
GM and Ohio officials celebrate the Chevrolet Cruze start of production at Lordstown, touting 2011 model as a boost to the U S economy. The car, priced from 16995, aims for 40 mpg highway and will compete with foreign compact rivals. Governor Strickland Senator Brown and UAW leaders attend as GM promotes strong U S manufacturing.
The Labor Department reports a 6.2 percent jump in job openings to 3.04 million in July, the highest since April. Despite the rise openings remain well below December 2007 levels, with 4.8 unemployed per opening, improving from late 2009 but still far above early recession ratios.
Procter & Gamble plans to widen Olay reach from 69 to 100 markets in two years adding 15 new markets this year such as Brazil. Ed Shirley cites skin care as a major growth driver with expansion into Asian male grooming and the Clay Men Solutions launch in China.
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