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Police accuse bank robbery suspect of gobbling up note (with dashcam video)
Man found dead in North Akron home is identified
Dad accused of forcing son into field, killing him
Coventry man killed in crash at I-77 ramp
NFL star Chris Spielman's wife loses cancer battle
College student mistaken for deer, shot to death
Browns' roster nearly devoid of consistent players
Blogs:
Pets:
Cat-loving chihuahua suckles seven abandoned kittens
The Heldenfiles:
Friday Night Notebook
Patrick McManamon:
For your Saturday entertainment …
Akron Zips:
Hitchens leads Zips in second-half comeback
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Holmgren expresses interest in Browns position
Kent State Sports:
Kent State blown out in second half, loses to Temple 47-13
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad
Varsity Letters:
Four area football teams play tonight
All Da King's Men:
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Health Care Financing Reform: (68) Democrats Secure 60 Votes for Cloture
See Jane Style:
Vintage Chic
Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED
Let's Talk Real Estate:
Silverdome Potentially SOLD!
Ohio Travels with Betty:
George is looking for a Thanksgiving buffet in Akron.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Colloquium at University of Akron
Akron Gamer:
Nintendo's Mario endures even as games come and go
Published on Tuesday, Jun 23, 2009
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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