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Latest Business News Archives for October 22, 2005

Ad guru resigns over remarks about women
Oct 22 2005 11:09PM (CT)
LONDON (AP) - One of the world's most flamboyant advertising gurus has left his job after reportedly telling an audience that women made poor executives because motherhood made them "wimp out."
 
Corporate bond prices give clearer picture
Oct 22 2005 6:55PM (CT)
NEW YORK (AP) - Given Wall Street's hair-trigger propensity for punishing a company's stock for bad news _ and over-inflating the price for good news _ it's become harder to use share price as a useful indicator of a company's overall health.
 
Mercury News drops foreign language papers
Oct 22 2005 6:00PM (CT)
SAN FRANCISCO (AP) - The San Jose Mercury News, which has won accolades for the diversity of its newsroom and coverage, announced Friday it plans to drop its Spanish and Vietnamese-language newspapers because the free publications aren't profitable.
 
Weyerhaeuser cutbacks hit timber towns
Oct 22 2005 1:53PM (CT)
ABERDEEN, Wash. (AP) - Calvin O'Brien followed in the footsteps of his father and grandfather when he took a job at the sawmill here, earning wages few other jobs could provide in this blue-collar town.
 
China cuts income tax for low wage earners
Oct 22 2005 4:39AM (CT)
BEIJING (AP) - China's legislature agreed Saturday to cut income taxes on the country's poorest workers amid official concern that the country's growing gap between rich and poor could fuel unrest.
 
AT&T earns $520 million in third quarter
Oct 22 2005 1:12AM (CT)
NEW YORK (AP) - AT&T Corp. painted a positive picture Friday with what may be its final earnings report before becoming part of SBC Communications Inc., topping Wall Street forecasts with third-quarter income of $520 million and boosting its revenue forecast for the second time this year.
 
Stewart extends brand to home-building
Oct 22 2005 1:12AM (CT)
CARY, N.C. (AP) - What could be better than waking up on Martha Stewart sheets in a Martha Stewart bed, drying off after your shower with Martha Stewart towels, gardening with Martha Stewart tools, and ending your day with a Martha Stewart recipe served on Martha Stewart plates at a Martha Stewart table?
 
Jury out on Kodak's digital transformation
Oct 22 2005 1:12AM (CT)
ROCHESTER, N.Y. (AP) - Halfway through a four-year digital makeover, as its quarterly losses mount, Eastman Kodak Co. has some analysts wondering if the picture-taking pioneer is headed for a breakup.
 
Caterpillar shares posts record earnings
Oct 22 2005 1:07AM (CT)
PEORIA, Ill. (AP) - Caterpillar Inc. shares skidded more than 9 percent Friday after record third-quarter earnings still fell short of Wall Street's expectations and the construction equipment maker issued a lower profit forecast for the year.
 
   

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