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Record deficit
Hearty appetite for foreign products drives U.S. trade deficit to $38.5 billion in July.
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Covering basics
Studies show that most people fail quizzes on how to plan, save, invest and spend.
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Sun layoffs
Sun Microsystems reports net loss of $111 million for the quarter, says it will lay off 4,400.
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Markets maintain momentum
Momentum from Wall Street's October rally lifted stocks Friday and gave the major market indexes their second straight winning week -- the first such streak in two months. Despite an early decline, many investors resisted profit taking.
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The Associated Press,
10/19/2002 03:01 AM EDT)
Merck profits decline 3 percent
TRENTON, N.J. -- Merck & Co.'s third-quarter profit slipped 3 percent as higher costs for materials and production, as well as more research spending, offset higher revenues for the pharmaceutical company.
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10/19/2002 03:01 AM EDT)
Philly company to run dot-org registrations
A suburban Philadelphia company will run the registry of Internet domain names ending in .org starting next year, taking over from a California company that will continue to manage the Internet's .com and .net registries.
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The Associated Press,
10/19/2002 03:01 AM EDT)
Money Matters | Estate planning can be a balancing act
Clients often ask how much they can or should give away to reduce the value of their estates during their lifetime, thereby avoiding death taxes. There is no magic answer. There are many variables a person should consider.
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10/19/2002 03:01 AM EDT)
Omega among 10 strongest banks
STATE COLLEGE -- Omega Bank earned a spot in the top 10 strongest banks and thrifts in the country, announced Donita R. Koval, Omega's president and chief operating officer.
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10/19/2002 03:01 AM EDT)
Busines people
ARTS Jody K. Horn, formerly of Williamsport, is the new operator of The Faustina Gallery, 318 Market Street, Lewisburg. Horn is a holder of The Professional Picture Framer Association's certified picture framer designation.
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From CDT staff reports,
10/19/2002 03:01 AM EDT)
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| TOP NATIONAL BUSINESS STORY |
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United Airlines parent reports $889 million loss
Struggling to avoid bankruptcy, United Airlines' parent company on Friday posted its second-biggest quarterly loss ever - $889 million - and forecast even worse results in the fourth quarter amid bleak industry conditions.
DAVE CARPENTER / AP Business Writer
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BUSINESS UNUSUAL
Fried Twinkie emerges as food fad
In the South, where some joke that the four basic food groups are barbecued, baked, broiled or fried, state fairs are filled with booths that sell everything from corn on a stick to club-like turkey legs. For dessert, an odd new treat has emerged: fried Twinkies.
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High Point furniture market opens in 'difficult year'
As the U.S. furniture industry's biggest trade show kicks off its fall run, manufacturers and retailers face enormous challenges, including a possible war with Iraq, spiraling Chinese imports and reluctant consumers.
By PAUL NOWELL / Associated Press
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| Updated Saturday, Oct 19, 2002 | |
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