Events Calendar
In This Section
Most Read Stories
Blogs:
Pets:
Looks like Basement Cat gets coal again this year
The Heldenfiles:
Another Holiday-Ish Video
Patrick McManamon:
Have a great day!
Akron Zips:
Who's the bigger surprise?
Tribe Matters:
Tribe gets pitcher to complete Shoppach trade
Cleveland Browns:
Browns get extension from possible blackout
Kent State Sports:
Hoops roundup
Cleveland Cavaliers:
Christmas Greetings Go Out to – Technology
Buckeye Blogging:
Bucks Meet Ducks for Rose Bowl Crown
Varsity Letters:
Report: Snow commits to West Virginia
All Da King's Men:
Reality Warp
Blog of Mass Destruction:
What Matters
Akron Law Café:
Faith and Hope
See Jane Style:
Do IT this week: Layering
Car Chase:
What do you want for Christmas (part three)?
Let's Talk Real Estate:
All I want for Christmas…..
Ohio Travels with Betty:
Sharon is looking for a place to take a sleigh ride.
Sound Check:
On the Town – Top entertainment picks for the weekend
HRLite House:
Genetic Discrimination
Akron Gamer:
Video: Team Up in 'Splinter Cell: Conviction'
Published on Wednesday, Nov 04, 2009
Dow slips, broader
indexes rise slightly
The Dow Jones industrial average slipped 17.53 points Tuesday to 9,771.91 while broader indexes rose modestly.
Investors were encouraged by billionaire investor Warren Buffett's decision to pay $34 billion for the railroad Burlington Northern Santa Fe in what he termed an ''all-in wager'' on the future of the U.S. economy. Meanwhile, tool maker Stanley Works struck a deal to acquire Black & Decker Corp. for $3.46 billion in stock.
Gold jumped to a new high of $1,084.90 an ounce after going as high as $1,087. It ended up $30.90, or 2.9 percent, after India's central bank bought $6.7 billion worth of the metal from the International Monetary Fund.
Crude oil rose $1.47 to settle at $79.60 a barrel.
GM delays Cruze
and keeps Opel
General Motors will delay the production start of the Chevrolet Cruze small car to 2010's third quarter from the previous three months to allow a ''flawless launch,'' a company marketing executive said.
Moving back the schedule also will let GM have all variations of the new model available as soon as the Cruze is at dealers, said Margaret Brooks, Chevrolet's product marketing director for small cars.
The Cruze is one of the first new models the largest U.S. automaker will introduce since exiting bankruptcy protection in July under a plan that will trim its domestic brands to four from eight. The car will replace the Chevrolet Cobalt.
''Delaying the Cruze is not ideal because that segment is so competitive,'' said Rebecca Lindland, an analyst at IHS Global Insight in Lexington, Mass. ''But they have to get it right.''
The Lordstown plant that will build the Cruze now makes the Cobalt and will continue to do so until production of the new model begins, Brooks said.
Separately on Tuesday, GM said its board of directors decided to keep its European Opel unit.
Magazine says Ohio
business climate hot
Ohio ranked fourth in Site Selection magazine's annual list of state business climates.
North Carolina topped the list published this week, which used research based in part on a survey of corporate real estate executives.
Texas, Virginia and Ohio followed, based on criteria that included the state's tax climate, work force, incentives and economic development strategy, non-union environment, utility infrastructure, and legal and regulatory environment.
In Ohio's case, transportation infrastructure and access, existing work force skills, and state and local tax environment, including the full elimination of the corporate franchise and tangible personal property taxes, were the heaviest influences on executive polling.
The story is at http://www.siteselection.com.
buys NuVox Inc.
Windstream Corp., the phone company that provides service to rural areas, agreed to buy carrier NuVox Inc. for $463 million in cash and stock, expanding its base of Internet and business customers. The deal for the closely held company is valued at $643 million including debt, Windstream said. NuVox, of Greenville, S.C., has about 90,000 business customers.
Dow slips, broader
indexes rise slightly
Get the full article here.
Comments
Click here to post your comments
