Events Calendar
In This Section
Reports on consumer confidence, GDP tug at stocks
Facebook creates dual-class stock structure
Consumer group warns about toy hazards
Americans gloomy on economy heading into holidays
Banks earn $2.8 billion in third quarter; insurance fund in the red
Akron, Summit County jobless rates increase
Home prices rise for fourth month in a row
Most Read Stories
2 men shot during party in Fairlawn
Cancellation of Christmas not an option
Akron man killed in crash on his street
Several people hurt in Akron crash
Victim of beating in Kent last week is declared dead at Akron hospital
Akron Children's Hospital CEO, wife announce $1 million gift to support research
Police: Pennsylvania man killed misbehaving puppy before Steelers game
Akron Circle K store robbed for second time this month
KSU suspends basketball player
Police accuse bank robbery suspect of gobbling up note (with dashcam video)
Blogs:
Pets:
A Dog Named Christmas – Pet for the Holidays
The Heldenfiles:
Viewing Notes
Patrick McManamon:
Of pass interference and alleged "fake" injuries
Akron Zips:
No. 1 Akron to play Stanford next
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Audio: Mangini disputes Poteat call, accuses Lions of faking injuries
Kent State Sports:
Flashes travel to Florida Atlantic
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
Buckeye Football – Present and Future
Varsity Letters:
Gulley to visit Central Michigan in December
All Da King's Men:
The Onion, By Any Other Name…
Blog of Mass Destruction:
Glaring Contradictions
Akron Law Café:
Don't Try to Have Fun if you are Depressed
See Jane Style:
Vintage Chic
Car Chase:
What Automotive Thing Are You Thankful For?
Let's Talk Real Estate:
Faye Dunaway to be Evicted?
Ohio Travels with Betty:
Monique asks how to get tickets for the Polar Express.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Personal Rant – Why I am Glad I live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
Published on Saturday, Jun 27, 2009
FBR Capital raises
Allstate price target
Allstate Corp., the largest publicly traded U.S. home and auto insurer with operations in Summit County, had its price target raised by FBR Capital Markets Corp. on increases in the value of its investments.
Allstate's book value per share could rise about 25 percent to $28.39 in the second quarter and could reach $33.52 by the end of 2010, analyst Bijan Moazami said in a note to clients about the Northbrook, Ill.-based company. Moazami raised the price target to $40 from $36.
''With the financial markets rallying and spreads narrowing since the market nadir on March 9, 2009, equity and fixed-income investments are simply worth more,'' Moazami wrote.
The insurer last month posted its third straight loss on investment writedowns and declines in private equity and hedge-fund holdings. Allstate set aside $224 million in the first quarter at its life-insurance unit after stock declines raised the cost of meeting obligations to customers that have been promised minimum returns on retirement products.
Allstate fell 10 cents to $24.16 Friday. Shares have fallen 48 percent in the past year.
Calif. autos to get
sun-reflecting glass
California air regulators voted unanimously for a mandate requiring auto manufacturers to include sun-reflecting glass on all vehicles sold within the state by 2014.
The move by the California Air Resources Board was intended to keep cars, pickup trucks and sport utility vehicles cooler during hot weather, reducing the use of air conditioning.
Google CEO says
new Bing isn't threat
Google Inc. Chief Executive Officer Eric Schmidt said he welcomes Microsoft Corp.'s new Bing search engine as his company benefits from its rival's ''continual re-entry into this market.''
Bing, unveiled May 28 and released the following week, increased its market share to 12.1 percent in the week ended June 12, according to market research firm ComScore Inc. Bing is Microsoft's latest attempt to compete with Google, owner of the world's most popular search engine, in this lucrative market.
GE plans to open
technology center
General Electric Co. says it will open a manufacturing technology center in Michigan that will eventually employ more than 1,100 workers.
The Advanced Manufacturing and Software Technology Center will include a GE research and development facility with scientists and engineers who will develop manufacturing technologies for GE's renewable energy, aircraft engine, gas turbine and other products.
The center, which is expected to open later this year in Van Buren Township, Michigan, also will work on software development, networking and other services.
GM can't stay on top
of orders for Camaro
General Motors, rushing to emerge from bankruptcy as a profitable automaker, can't keep up with demand for the 2010 Chevrolet Camaro sports car.
GM has filled about half the 25,000 orders taken for the Camaro, said Terry Rhadigan, a GM spokesman. Dealers, working through GM's 42 percent U.S. sales decline in the first five months of the year, report that the vehicles they have received are selling within days of arrival.
Some airline fares
may rise again soon
If you've been waiting for the lowest possible airfare for a trip this summer, it might be time to book.
Fares have dropped for months while travelers held off buying tickets because they were afraid of losing a job or worried about affording even a scaled-back vacation. But with July 4 fast approaching and jet fuel prices rising, some fares could be set to climb again.
Rick Seaney, CEO of FareCompare.com, said it looks like airlines are trying to halt the fare slide, with recent hikes of $10 and $20 round-trip. Still, minor increases in the last two weeks ''have by no means completely curtailed the flood of cheap airline'' tickets from the first half of the year. In fact, AirTran recently put out fares with new market lows.
FBR Capital raises
Allstate price target
Get the full article here.
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