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Stocks slump after rise in unemployment rate
Boeing to cut 4,500 jobs as airline demand falls
U.S. retailers slashed 66,000 jobs in December
Jobless rate jumps to 7.2 percent in December
Federal loan deals bar strikes at GM, Chrysler
Group says U.S. 'wet dumps,' like nine in Ohio, pose threat
U.S. retailers ring up dismal sales
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Lakemore police say man killed his wife in standoff
Suspect in Lakemore standoff expected to recover
Police raid Akron gaming parlor
Storm could bring heavy snow tonight, Saturday; Parking bans in effect
Palin says she's been exploited by Couric and Fey
Suspected meth lab busted in Cuyahoga Falls
Browns' Mangini brings experience
Skeptics urging check of home program
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Cheryl Holdridge, R.I.P.
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Shapiro puts Indians in position to win
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ESPN clears up a key to tonight's game
Browns Bulletin:
Browns may interview ex-Broncos GM
Cleveland Browns:
Mangini takes command
Cleveland Cavaliers:
Cleveland Cavaliers: Of Leprechauns and Losses
CavsHQ: A Fan's View:
The Countdown Begins - Cavs v. Celtics
Akron Zips:
Five things you should know about Miami
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Ignatius’ Kyle has busy offseason
Kent State Sports:
Volleyball players earn All-Academic honors
Car Chase:
January is auction time
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Chicago Chic?
All Da King's Men:
Obama's Economic News Conference
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Shameful Things
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Games in '09: Resident Evil 5
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Axl Rose speaks on Guns & Rose(s)
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Mortgage Forgiveness Debt Relief Act of 2007 Extended
Published on Saturday, Oct 11, 2008
Ford finance chief
to retire next month
Ford Motor Co. said its finance chief is retiring next month and will be replaced by the top executive in the European division.
Don Leclair, 56, is leaving after 32 years on Nov. 1, Ford said. He will be succeeded by Lewis Booth.
Leclair has been chief financial officer for five years. Booth, 59, an executive vice president, currently oversees Ford of Europe and the company's Sweden-based Volvo unit. John Fleming, the 57-year-old president of Ford in Europe, will replace Booth.
China dairy industry
faces more controls
China's State Council tightened quality control regulations for the dairy industry as authorities in Macau and Hong Kong reported several children had kidney stones blamed on Chinese tainted milk.
Contaminated milk powder, laced with the industrial chemical melamine, has been blamed for causing the deaths of four infants and sickening more than 54,000 others.
GE earnings meet
lowered forecast
General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings, meeting its own lowered forecast and blaming the decline on its struggling finance arm.
USA Today raising
newsstand price
USA Today will raise its newsstand price by 25 cents to $1 to offset rising newsprint costs.
Continental AG says it wants fair price
Continental AG, Europe's second-largest car-parts maker, which has a tire factory in Mount Vernon, Ill., said it won't sell divisions ''dirt cheap'' should the company decide on any disposals after a review of operations.
Ball-bearing maker Schaeffler Group is buying Hanover, Germany-based Continental in a debt-financed $16.3 billion transaction.
Amtrak reports
record ridership
Amtrak has set another ridership record, with 28.7 million people taking its trains last year. That's an 11 percent increase over the 25.8 million passengers that the national passenger railroad carried in fiscal year 2007.
Morgan Stanley's shares drop 22%
Morgan Stanley's stock and bonds dropped for a fifth day after Moody's Investors Service said it might reduce the investment bank's credit rating on concern the financial crisis threatens earnings and investor confidence.
Morgan Stanley fell 22 percent to the lowest level since 1996. The shares lost almost 60 percent for the week.
YouTube to offer
full-length TV shows
Google Inc.'s YouTube, the most popular video Web site, began offering full-length programs such as Star Trek and Beverly Hills 90210 in a bid for more advertising sales.
YouTube is featuring TV shows from CBS Corp. and is in discussions with other networks and studios, product manager Shiva Rajaraman said. CBS will sell ads for the videos, he said.
Google is seeking ways to expand beyond the advertisements that appear next to Internet search results, which accounted for almost all of its $16.6 billion in revenue last year.
New Jersey OKs higher turnpike tolls
The New Jersey Turnpike Authority approved a plan to more than double tolls over four years in order to fund a $7 billion capital-improvement plan and meet debt payments.
The plan will raise tolls to $1.70 on Dec. 1 from $1.20, the current average, and to $2.60 in 2012.
Wachovia to settle
for $163 million
Wachovia Corp., completing a previously announced settlement, will pay an estimated $163 million to settle federal allegations that it failed to stop telemarketers from taking advantage of thousands of elderly consumers.
Ford finance chief
to retire next month
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