telegram.com- Business
The latest news via www.telegram.com, the online version of the Worcester Telegram & Gazette
Wedding cutbacks
NEW YORK - The fairytale weddings that many couples have yearned for are starting to come back down to earth - leveled by everyday problems such as house payments and rising gas and food bills.
Theater called catalyst for downtown
WORCESTER - The company he leads has donated $2 million to the city's renovated downtown theater and offered another $1 million in a matching grant. Now Frederick H. Eppinger wants to see the rest of Main Street take off.
Credit problem stalled buyout
NEW YORK - A lot has changed in the year and a half since radio industry leader Clear Channel Communications Inc. struck a deal to go private. Credit markets seized up, radio advertising continued to falter and another radio buyout deal failed.
Inflation pressures ease despite food price increases
WASHINGTON - Consumer prices slowed in April despite the biggest jump in food costs in nearly two decades. But with oil near record levels, Americans should brace for more pain at the pump in coming months.
Senator seeks FTC probe of Countrywide's practices
Sen. Charles E. Schumer yesterday asked the Federal Trade Commission to investigate "an emerging pattern of apparent misconduct" by Countrywide Financial Corp., the largest U.S. mortgage lender, toward debtors in bankruptcy proceedings.
Stocks rise following mild price increases
NEW YORK - Wall Street advanced yesterday after a better-than-expected report on consumer prices tempered some of the market's concerns about inflation.
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