FRANKFURT, Germany (AP) — A member of the European Central Bank's governing council is warning against the bank being "too generous" with credit to banks as it fights Europe's debt crisis.
Jens Weidmann, who is also head of Germany's Bundesbank national central bank, says that the ECB does have the job of making sure banks have adequate funding to get them through the eurozone debt …
Goodyear Tire & Rubber Co.'s profit more than doubled in the third quarter, helped by cost-cutting, new products and lower raw-material costs, the largest U.S. tiremaker said Wednesday.
The performance marked a reversal by Goodyear, which had reported $554 million in losses in the first six months of the year as the recession staggered the automotive industry.
The company, based in Akron, said it expects year-over-year global industry growth in 2010 and said its new products, especially high-end tires, and cost-cutting would give it the opportunity to capitalize on the opportunity.
"The strength of our brands and steady stream of new and …
WASHINGTON The AFL-CIO began airing new television and radio adsTuesday pressing lawmakers to eliminate corporate tax breaks andspend more to rebuild the nation's schools.
John Sweeney, president of the labor federation, said the ads,which target Republicans and Democrats alike, were designed to prodpoliticians to support issues labor believes are central to workingfamilies.
"Right now we sense what some people call a vacuum in Congress,"Sweeney said. "It's . . . a status quo that really favors corporatespecial interests and works against working families."The ads, running in the districts of seven House Democrats and12 House Republicans, are aimed at ending tax …
ANKARA, Turkey (AP) — Guus Hiddink is available again after parting ways with the Turkish football federation on Wednesday following Turkey's failure to quality for next year's European Championship.
The federation said it had reached a mutual agreement with the 65-year-old Dutch coach to end the contract that was due to expire in August 2012.
"We thank Guus Hiddink for services rendered during his term and wish him a healthy and happy life," the federation said.
Turkey managed to hold Croatia to a 0-0 draw in the second leg of the Euro 2012 playoffs in Zagreb on Tuesday, but Croatia claimed a place in the final tournament 3-0 on aggregate.
After the match, Hiddink …
The following recalls have been announced:
_About 367,000 units of HP Fax 1010 and 1010xi machines, made in China and imported by Hewlett-Packard Co., because an internal component failure can cause overheating, posing a risk of burn or fire. The company has received three reports of overheating, including two resulting in minor property damage. No injuries have been reported. The fax machines were sold at electronic, computer and camera stores nationwide, as well as at online stores from November 2002 through December 2004. Details: by phone at 888-654-9296; by Web at http://www.hp.com/go/fax1010recall or
Theo B. Adkins
Theo B. Adkins, 80, of Meadow Creek died July 3, 2008. Servicewill be 2 p.m. Sunday, July 6, at Maxwell Hill Baptist Church,Beckley. Friends may call from 6 to 9 p.m. Saturday at the church.Rose & Quesenberry Funeral Home, Beckley, is in charge ofarrangements.
Jan L. Blanchard
Jan L. Blanchard, 59, of Point Pleasant died July 2, 2008.Service will be 2 p.m. Sunday, July 6, at Deal Funeral Home, PointPleasant. Friends may call from 6 to 8 p.m. Saturday.
Paul E. Burgess
Paul E. Burgess, 71, of Fayetteville died July 2, 2008. Memorialservice will be at a later date. The body was cremated. Dodd-Payne-Hess Funeral Home, Fayetteville, is …
Back in April, decision-makers involved with Lancaster's proposed $30 million downtown convention center were pulling together a short list of which companies might get the center's lucrative management contract.
The task force wanted to cut the list to three. SMG of Philadelphia and Global Spectrum of Philadelphia were on the list, but the third spot still was being debated.
Observers of that process remember two other names that were being considered. Some people wanted CRG of Lancaster to remain in the bidding, and others were pushing Interstate Hotels Corp., Pittsburgh.
Eventually, CRG was cut, and Interstate made the list.
Observers also recollect that it …
