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Kent State falls to Akron, 20-28

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Muffle Your Muffler

Car Chase:
Perfect Weather for an Autumn Drive

Let's Talk Real Estate:
RUMORS: Downtown Restaurant Explosion

Ohio Travels with Betty:
Jack is looking for a trip to Southern Ohio the week of November 16.

Sound Check:
The Black Keys to perform benefit concert at Musica on November 27

HRLite House:
Personal Rant – Why People Do Not Live in Northeast Ohio

Akron Gamer:
New 'Call of Duty' could set entertainment record

Daily backgrounder

Dow plunges 2.4%
on economic fears

A surprisingly bleak forecast for the world economy sent stocks tumbling to their lowest level this month.

Major stock indexes dropped by more than 2 percent Monday, sending the Dow Jones industrial average down 200.72 points, or 2.4 percent, after the World Bank estimated the global economy will shrink 2.9 percent in 2009. It previously predicted a 1.7 percent contraction.

The Standard & Poor's 500 index fell 28.19, or 3.1 percent, to 893.04, erasing the index's advance for the year. The Nasdaq composite index fell 61.28, or 3.4 percent, to 1,766.19.

Oil fell $2.52 to $67.50 a barrel.

The Federal Reserve will be in the spotlight after its two-day meeting on monetary policy that begins today. The central bank is widely expected to hold its key funds rate steady near zero, but investors want to know whether policymakers will say the economy is recovering or still in need of aid.

Walgreen's profit
sinks 9 percent

Drugstore operator Walgreen Co. said profit fell 9 percent in the fiscal third quarter despite improving sales as greater expenses, including those related to its reorganization efforts, reduced its income.

Walgreen, based in Deerfield, Ill., aims to cut its annual expenses by $1 billion starting in 2011, which is adding to its costs this year. In the quarter ended May 31, it earned $522 million, or 53 cents per share, down from $572 million, or 58 cents per share.

Analysts were expecting 56 cents per share, according to a poll by Thomson Reuters. Revenue grew 8 percent to $16.21 billion from $15.02 billion. Analysts forecast $16.16 billion in revenue, on average.

The company is testing a program called ''Consumer Centric Retailing'' designed to reduce the number of products the company carries and better target consumer preferences. The program is being tested at 35 stores.

J.D. Power releases
2009 vehicle survey

J.D. Power and Associates released its annual survey of initial quality for 2009 model year vehicles, based on questionnaires from more than 80,900 new owners.

The top performers: subcompact — Toyota Yaris; compact — Hyundai Elantra sedan; compact sporty car — Scion tC; compact premium sporty car — Nissan Z; entry premium car — Lexus IS; midsize car — Nissan Altima; midsize sporty car — Ford Mustang; midsize premium car — Lexus GS; large car — Mercury Sable; large premium car — Lexus LS; compact activity vehicle — Chrysler PT Cruiser Wagon, Honda CR-V (tie); midsize activity vehicle — Chevrolet TrailBlazer, Ford Edge, Toyota 4Runner (tie); midsize premium activity vehicle — Lexus GX; large activity vehicle — GMC Yukon; large premium activity vehicle — Lexus LX; midsize pickup — Honda Ridgeline; large pickup — Ford F-150, Toyota Tundra (tie); van — Toyota Sienna.

Dow plunges 2.4%
on economic fears

Get the full article here.


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