"DETROIT - Faced with soaring gas prices, a sputtering economy, and rapid U.S. market shift away from trucks, the U.S. auto industry's weakest player, Chrysler, may have to seek bankruptcy or sell its Jeep and Dodge Ram brands as early as next year, JPMorgan said yesterday.
But rivals GM and Ford are likely to get through the rough patch and turn a profit in 2010."
Toledo Mayor Carty Finkbeiner yesterday painted a bright picture for the city's downtown development and job creation while just hours later Toledo City Council's finance committee received some dire warnings for next year's budget.
TOLEDO, Oh -- A recent study by the Business Travel Coalition identified Toledo Express Airport as one of the 100 markets most likely to lose some or all passenger service.
http://www.myfoxtoledo.com/myfox/pages/News/Detail?contentId=6847383&ver...
(Cleveland) - Prepare for a steep rise in your utility bills. So says Richard Lubinski, president of Think-Energy Management in Silver Lake, near Akron.
More than 2,200 workers at the Toledo Jeep Assembly complex will be laid off for nearly two months because of dismal sales of the Jeep Liberty and Dodge Nitro, United Auto Workers officials said yesterday.
June 26 (Bloomberg) -- Crude oil jumped above $140 a barrel to a record as Libya threatened to cut output, OPEC's president said prices may reach $170 by the summer and the dollar weakened.
June 20, 2008 -- Marathon Oil Corp. today announced that construction of the estimated $1.9 billion heavy oil upgrading project at its Detroit refinery is under way following issuance of an air quality permit by the Michigan Department of Environmental Quality (MDEQ).
WASHINGTON: More than 400 real estate industry players have been indicted since March — including dozens over the last two days — in a Justice Department crackdown on incidents of mortgage fraud nationwide that have contributed to the country's housing crisis.
The FBI put the losses to homeowners and other borrowers who were victims in the schemes at over $1 billion.
Warning that America's security is at stake, Senator John McCain called yesterday for conservation, renewable energy, and more aggressive exploration, steps he said would help to end US dependence on Middle East oil.
In laying out his energy policy, the presumptive Republican nominee sought to woo voters angry over $4-a-gallon gas and to carve out his independence from President Bush.
If the American economy is to recover, taxes at all levels must be lowered, economist Arthur Laffer told a Toledo audience yesterday.
Mr. Laffer, best known for the Laffer Curve and for advocating so-called supply-side economics during the Reagan administrations, spoke at the Toledo Club to more than 100 clients of Huntington Funds, a subsidiary of Huntington National Bank.
A large, empty plot of cleaned-up riverfront property near I-75 could soon be in the hands of a self-described "visionary developer."
When Senator Kent Conrad of North Dakota wanted a mortgage for his beach house, he turned to a Washington insider, James A. Johnson, former head of Fannie Mae, the government mortgage giant, who then put the senator in touch with Angelo Mozilo, chief executive of the mortgage lender Countrywide Financial.
Once again WSPD was the only radio station in attendance when the Ohio Transportation Priorities Task Force rolled into Toledo for a meeting Tuesday at 4p. Tom Blaha from Wood County's Development Commissione, and Rich Martinko of the UT Intermodal Institute spoke. Both have been on Fred's show before talking about intermodal facilities.
Jim Tuschman the head of the mayor's newly named intermodal committe will be my guest Tuesday morning. Following a long talk this afternoon I believe what he has to say tomorrow will be of interest to anyone wishing to see this area thrive and grow once again. Mr. Tuschman is a life long Toledo resident, attorney, UT regent, and former UT Board member.
PRESCOTT, Ariz. - The rejection from Air Midwest came swiftly on a one-page fax. The carrier couldn't afford to fly to the mountain community of Prescott anymore, officials said. The city would simply have to find a new tenant for its tiny airport.
"Everything was going fine — then, bam — the airline is gone," Mayor Jack Wilson said with a sigh. "That's just not how you do business."
The nation, which subsidizes fuel costs, is expected to boost prices as the cost of crude oil soars.
By Don Lee, Los Angeles Times Staff Writer
June 9, 2008
SHANGHAI -- The lines are getting longer, and Tang Yao is finding fewer gasoline stations open in his neighborhood here. But the 48-year-old motorist has no gripes about the price at the pump.
The increasingly controversial proposed Toledo law to require owners of vacant buildings to register and pay a fee was vehemently denounced yesterday by a number of opponents and applauded by others during a lengthy City Council committee hearing.
If approved, the fee starts at $100 for residential buildings and increases the longer a property is vacant.
ELK POINT, S.D. (AP) — Voters in this mostly agricultural corner of the Midwest have approved a proposal to build the first new U.S. oil refinery in more than 30 years.
Union County residents voted 58 percent to 42 percent Tuesday to endorse the rezoning of almost 3,300 acres of pristine farm land north of Elk Point for the oil refinery.
You are invited to attend a viewing of Brian McMahon's presentation on Intermodal Possibilities for Northwest Ohio Thursday June 12th at 7pm. Room 100 in the Health Education Building on the University of Toledo Health Science Campus has been reserved. Seating is limited to app. 150 so plan on arriving early. A question and answer session will follow the short presentation.
Final drawings for the arena under construction in downtown, to be unveiled today by the Lucas County commissioners, show a green side - literally.
The designs include not only environmentally friendly construction with efficient heating and cooling systems, but also a lobby packed with trees and bushes as well as an ivy-covered glass "Green Wall" greeting visitors at its south entrance.
First Solar Inc.'s second-largest shareholder sold half his shares, a signal that the world's biggest solar company may soon fizzle.
General Motors Chief Executive Richard Wagoner told investors Tuesday that the automotive giant will close down four truck and SUV factories in North America, increase production of fuel-efficient cars, and the possible sale of its Hummer unit.
The announcements come as GM (GM: 17.44, +0.34, +1.98%) and the American consumer deal with the reality of $130 a barrel oil and $4 gas.
A federal judge yesterday sided with a group of
carry-out owners and ruled that the city of Toledo cannot begin
enforcing its new convenience store licensing law.
May 30 (Bloomberg) -- The U.S. Commodity Futures Trading
Commission, the watchdog for commodity transactions, is
investigating U.S. crude oil trading to determine whether the surge
in prices to record levels is the result of manipulation or fraud.
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