Clinic holds nursing job fair
The Cleveland Clinic said it will sponsor a three-day career fair today through Friday at Cleveland Browns Stadium, 1085 W. Third St., downtown Cleveland.
Hours will be 8:30 a.m.-6 p.m. today and Thursday and 8:30 a.m.-2 p.m. Friday.
The Clinic said it is seeking to hire about 600 registered nurses in full- and part-time positions in specialty areas including medical-surgical, advanced practice, critical care, operating room, imaging and leadership.
The Clinic said about 1,500 have registered. Parking is free in the West Third lot. Information is available online at www.clevelandclinic.org/nursingnow.
Cleveland home prices at low
Cleveland-area housing prices reached all-time lows under the latest Standard & Poorís/Case-Shiller home price report released Tuesday. Prices in the Cleveland metropolitan statistical area dropped 2 percent in January compared with December. The Cleveland-area index in January was at 95.83, according to S&P. Prices were down 3.3 percent from a year ago.
The Cleveland index was set at a level of 100 in 2000; the January index of 95.83 means that average home prices for the month are 4.17 percent below levels 12 years ago.
The S&P Case-Shiller reports measure how home prices have changed in metro areas across the nation. Nationally, home prices fell in January for a fifth straight month in most major U.S. cities, as modest sales increases have yet to boost prices.
The home-price index showed that prices dropped in January from December in 16 of 19 cities tracked. The declines partly reflect typical offseason sales. The month-over-month data are not adjusted for seasonal factors.
Still, prices fell in 17 of the 20 cities in January compared with the same month in 2011. The groupís nationwide index of prices has fallen 34 percent since the housing bust and is now at 2002 levels. In Cleveland and seven other cities ó Atlanta; Chicago; Las Vegas; New York; Portland, Ore.; Seattle; and Tampa, Fla. ó are now back at 2000 levels or earlier. Only Denver, Detroit and Phoenix posted year-over-year increases.
New agency for Chevrolet
General Motors named a new advertising agency for its Chevrolet brand as part of a reorganization of the companyís marketing efforts aimed at saving $2 billion over five years. The Chevy business will go to Commonwealth, a newly created joint venture between Omnicom Group Inc.ís Goodby, Silverstein & Partners and Interpublic Group of Companies Inc.ís McCann Erickson Worldwide.
Chevrolet, GMís largest brand by unit sales, previously used 70 ad agencies around the world, GM said.
Columbus factory plan halted
Coda Automotive is abandoning plans to build a battery factory in Columbus, a decision that will mean the region will miss out on the more than 1,000 manufacturing jobs that would have been created.
The Los Angeles automaker announced its plans for central Ohio two years ago, and later applied for a federal loan of more than $500 million to help pay for construction. The company has waited ever since for the Department of Energy to act on the loan application, leading many local leaders to become pessimistic that the project would ever happen.
Consumer confidence dips
The Conference Board said Tuesday that its Consumer Confidence Index fell slightly to 70.2. Thatís down from a revised 71.6 in February ó the highest level itís been since the same month in 2011.
Consumer confidence has made a recovery since it fell to an all-time low of 25.3 in February 2009. But the March reading is below the 90 reading that indicates a healthy economy. The index hasnít been near 90 since December 2007.
Economists watch consumer confidence closely because Americansí spending on things from clothing to health care accounts for about 70 percent of the nationís economic activity.
One gauge of the Consumer Confidence Index, which measures how shoppers feel now about the economy, rose to 51.0, from 46.4 in the previous month. That measure now stands at the highest level in more than three years. But the other barometer, which assesses shoppersí six-month outlook, declined to 83.0 from 88.4 in February.
Dow Jones falls 44 points
Up 8 percent for the year to date, the Dow Jones industrial average fell 43.90 points to 13,197.73 on Tuesday. The S&P 500 ended down 3.99 points to 1,412.52. The Nasdaq composite lost 2.22 points, or 0.1 percent, to 3,120.35.
Compiled from staff and wire reports