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Browns lose game they never should have lost
After 30 years at the helm of Akron Children's, Considine still looks to future
Quinn's career day isn't quite enough for Browns to win
Browns find another way to lose
New version of Mozilla Thunderbird landing soon
SCORE offers wide variety of workshops
Most Read Stories
Victim of beating in Kent last week is declared dead at Akron hospital
Akron man killed in crash on his street
Browns find another way to lose
Can DNA tests free ex-Akron captain?
After 30 years at the helm of Akron Children's, Considine still looks to future
Akron Circle K store robbed for second time this month
Dad accused of forcing son into field, killing him
Man found dead in North Akron home is identified
Kangaroo tries to drown dog, attacks owner
Blogs:
Pets:
Cat-loving chihuahua suckles seven abandoned kittens
The Heldenfiles:
Sunday Notebook
Patrick McManamon:
Browns sick after sick loss in Detroit
Akron Zips:
No. 1 Akron to play Stanford next
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Post-game defensive quotes
Kent State Sports:
Kent State defeats Rochester College, 63-44
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:
The Onion, By Any Other Name…
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Health Care Financing Reform: (70) Savings in Medicare Advantage
See Jane Style:
Vintage Chic
Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED
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 – You are All Wrong About Jobs, or the Lack of Jobs, Being the Reason People Do Not Live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
Published on Friday, Jun 13, 2008
Big stock advance fades by end of day
Wall Street gave up a big early advance as the price of oil rose Thursday, with stocks closing moderately higher but also demonstrating how anxious investors are about inflation and the overall health of the economy.
The Dow rose 57.81, or 0.48 percent, to 12,141.58 after being up as much as 185 points earlier.
Word late in the session that Yahoo Inc. called off talks of any deal with Microsoft Corp. gave investors one more reason to rein in the enthusiasm that drove the day's early rally.
A buyout bid for Anheuser-Busch Cos. also lifted stocks.
But the turnaround in oil set off renewed worries about inflation and its effect on the economy. And a management shakeup at Lehman Brothers Holdings Inc. drew fresh attention to troubles in the financial sector. Lehman, which earlier this week said it would report a quarterly loss of $2.8 billion, on Thursday ousted its chief financial officer and chief operating officer. Lehman fell $1.05, or 4.4 percent, to $22.70.
Politicians oppose brewer InBev's offer
Belgian brewer InBev is offering a big payday to shareholders of Anheuser-Busch Cos. Inc., but its bid to create the world's largest beer company is facing a major obstacle: U.S. election-year politics.
InBev SA, whose brands include Beck's and Stella Artois, delivered an unsolicited all-cash bid of $46 billion, or $65 a share, for Anheuser-Busch, which makes Budweiser, Michelob and Bud Light.
The bid, disclosed after the markets closed Wednesday, was a premium of about 11 percent over the St. Louis-based company's share price of $61.40.
InBev would use the Budweiser brand to boost business in European and Asian countries, where Budweiser is now a niche player, Brito said.
But politicians and activists are already lining up against the deal, saying it could cost jobs in the United States and send ownership of an iconic American company overseas. With economic concerns at the front of voters' minds, the opposition could cause a headache for InBev.
Exxon Mobil to sell 820 gas stations
Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices.
The world's largest publicly traded oil company said it will sell its 820-company owned stations and another 1,400 outlets operated by dealers to gasoline distributors across the U.S.
US Airways making cuts, adding charge
US Airways says it plans to cut domestic capacity, shrink its fleet, slash 1,700 jobs and charge passengers to check their first bag.
Fliers will now pay $15 to stow just one bag. US Airways is the third major carrier to add the charge.
Teamsters still talking to car hauler
Talks between the Teamsters and Performance Transportation Services Inc. that the car hauler deemed critical to its survival continued Thursday with each side offering proposals to end a four-day strike.
The two sides met for 31/2 hours in Cleveland as the union continued its walkout at the car hauler's 24 facilities in 15 states.
National City stock goes up 22 percent
National City Corp. rose the most in almost a quarter-century after Sandler O'Neill & Partners LP upgraded the stock to ''buy'' because the lender's recent $7 billion infusion gives it enough money to survive ''even a very severe credit cycle.''
National City, Ohio's largest bank, rose 22 percent, or 94 cents, to $5.28, the biggest one-day gain since at least January 1984. The Cleveland-based bank is still the worst-performing stock in the KBW Bank Index this year after dropping 68 percent.
Mortgage rates hit eight-month high
Rates on 30-year mortgages jumped to the highest level in nearly eight months.
Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.32 percent this week.
Big stock advance fades by end of day
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