Tonight: Remaining cloudy this eventing with sprinkles and light rain showers slowly coming to an end. Overnight, expect decreasing clouds as lows drop to around 52. East winds at 5-10mph, becoming light.
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New Operations Manager at Cleveland Airport
The Cleveland Municipal Airport Authority announced the selection of Mark Fidler to the position of Director of Operations/Marketing at the new Cleveland Regional Jetport. Mr. Fidler will begin his new position June 14, 2012.
"This is a tremendous opportunity." says Fidler. "We are in a position to create one of the premier airports in the country with a facility reflecting the charm and enthusiasm that makes Cleveland such a great place to live and work."
With nearly 48 years of aviation experience, Fidler brings a diverse background to his new position.
"I began hanging around airports when I was old enough to ride my bicycle to one not too far from our home in West Virginia. That's when the "addiction to aviation"as he calls it, began. "Wherever we lived as I was growing up, my passion was with airplanes, airports and pilots. It's as much a part of my life as my name."
"I've had the opportunity to see much of the world, visiting distant locations and meeting some incredible people along the way. I've managed airline dispatch offices for Northwest Airlink, flown for Braniff, FedEx and as a corporate pilot for assorted Fortune 500 companies. My college degree is in Aviation Management and I have about 10,000 hours of flight time under my belt. The last 5 years I've been managing the Fayette County Airport near Somerville, TN."
"We transformed an airport that was basically an eyesore and source of irritation to the county into a revenue center that Fayette County residents proudly refer to now as "their airport". In the past few years we have extended the runway, built 20 T-hangars, a new terminal building and aircraft fueling system to name just some of the improvements. Jet fuel sales continue to climb with each passing month and the airport is now routinely utilized by corporate jet and turbo-prop aircraft. Pilots are choosing to stop here instead of going into Memphis; avoiding the delays and high costs of fuel and other services there. The biggest reason for our success though is the outgoing and accommodating service offered to our customers. Our goal is to have the customers leave with the feeling of just having made a new friend. That is what I hope to offer at the new Cleveland Regional Jetport."
"My wife Jennifer and I both look forward to moving to Cleveland, making it our new home. We ask for your thoughts and prayers as we meet the challenges that lie ahead."
More Business News
Last Update on April 17, 2014 17:08 GMT
WASHINGTON (AP) -- The number of people applying for U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.
The Labor Department says that the four-week average of applications, a less volatile measure, fell 4,750 to 312,000. That is the lowest four-week average since October 2007, just two months before the Great Recession started. The average has fallen by 53,500 applications over the past 12 months.
Applications are a proxy for layoffs. The current level of claims suggests that employers are holding on their workers with the expectation of stronger economic growth ahead.
Employers added 192,000 jobs in March and 197,000 in February, the Labor Department reported. Hiring has picked up after a slowdown caused by severe winter weather.
WASHINGTON (AP) -- Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.
Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent.
Mortgage rates have risen about a full percentage point since hitting record lows about a year ago.
Many analysts have been expecting an improving economy to lift the housing market, which has been recovering over the past two years. But housing has struggled to maintain momentum. Rising home prices and higher mortgage rates have held back some potential home buyers. Others have had trouble qualifying for mortgages.
NEW YORK (AP) -- Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped.
The bank earned $1.9 billion in the quarter, down 11 percent from the same period a year earlier when it made $2.2 billion.
The earnings were equivalent to $4.02 a share. Analysts polled by FactSet had predicted earnings of $3.49 a share.
Revenue totaled $9.3 billion, down 8 percent from a year earlier, when the bank generated revenue of $10.1 billion. The latest quarterly revenue beat analysts' expectations of $8.7 billion.
Goldman's stock rose $2.78, or 1.8 percent, to $160 in pre-market trading.
NEW YORK (AP) -- PepsiCo reports a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world.
The company, which makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, says global snack volume rose 2 percent while beverages were even from a year ago.
In its closely watched North American beverage unit, PepsiCo Inc. says volume was even. Growth in other drinks offset a 1 percent decline in sodas.
For the quarter, the company earned $1.22 billion, or 79 cents per share. Not including one-time items, it earned 83 cents per share, above the 75 cents per share Wall Street expected.
A year ago, it earned $1.08 billion, or 69 cents per share.
Revenue edged up to $12.62 billion, higher than the $12.39 billion analysts expected.
EL SEGUNDO, Calif. (AP) -- Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss.
Toy makers are facing a weak environment globally due to the uncertain economy and popularity of electronic gadgets.
The largest U.S. toy maker says its net loss for the three months ended March 31 totaled $11.2 million, or 3 cents per share. That compares with net income of $38.5 million, or 11 cents per share last year. Analysts expected earnings of 7 cents per share.
The company which makes Disney Princess dolls and Hot Wheels cars says revenue fell 5 percent to $946.2 million. Analysts expected $947.6 million. Barbie revenue dropped 14 percent.
NEW YORK (AP) -- Target is vastly expanding the goods that are available to order by subscription as it fends off its biggest non-traditional retail rival, Amazon.com.
The nation's second-largest discounter first dabbled with subscriptions last September, trying to win over haggard parents with 150 baby care products.
That program has been expanded more than tenfold this week to nearly 1,600 items across a much wider array of consumer goods. Everything from beauty products and pet supplies, to home office supplies like printer ink, are now available through subscription.
Target, based in Minneapolis, is playing catch up in the subscription arena, which has exploded as companies test consumer appetites for almost every niche, from socks to razors, to clothing and entertainment.
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