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The Tampa Tribune

Published: March 17, 2009

Seattle Paper Goes Online

Hearst Corp. announced Monday that the Seattle Post-Intelligencer will print its last newspaper edition today and become exclusively Web-based as www.seattlepi.com, making it the nation's largest daily newspaper to move to online only.

Hearst said in January that it was putting the Post-Intelligencer up for sale because the newspaper had lost money since 2000. No one stepped forward to purchase it.

Most of the newspaper's 181 employees will be let go this week.
Citigroup Seeks To Add Directors
Citigroup has nominated four new independent directors to its board in the latest move to toughen up the bank's oversight.

Citigroup's board has been widely criticized for allowing bank executives to make risky investments in the housing market and not having enough financial services experience. The new directors include two former bank CEOs and two other financial experts.

Industrial Output Drops Again

The Federal Reserve reported Monday that industrial output dropped by 1.4 percent last month, slightly higher than the 1.2 percent decline economists had expected. It was the fourth straight month output has fallen.

The weakness included a 0.7 percent fall in manufacturing output, which pushed the operating rate at the nation's factories down to 67.4 percent of capacity last month, the lowest level on records that go back to 1948.

A wire report

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