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Kodak's 3Q loss widens as company reorganizes

Submitted by Fox First at Ten on October 31st

ROCHESTER, N.Y. (AP) - Eastman Kodak's losses widened to $312 million in the third quarter as the photo and printing company struggles to emerge from bankruptcy protection. The loss reported late Tuesday compares to a loss of $222 million at the same time last year. Revenue for the three-month

European austerity hits GlaxoSmithKline Q3 profit

Submitted by Fox First at Ten on October 31st

By ROBERT BARRAssociated Press LONDON (AP) - Drug company GlaxoSmithKline saw its third-quarter fall by nearly a fifth as sales fell in Europe and the United States. GSK reported Wednesday that its net profit declined 18 percent to 1.12 billion pounds ($1.8 billion) in the three months ending

Lufthansa profits beat estimates despite strike

Submitted by Fox First at Ten on October 31st

FRANKFURT, Germany (AP) - German airline Lufthansa said profits jumped 30 percent in the third quarter despite a strike and higher fuel prices. The company's CEO said it wasn't enough, however, and vowed to intensify cost cutting. The airline credited cost reductions it has already made for

Panasonic's red ink grows, forecasts loss for year

Submitted by Fox First at Ten on October 31st

By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Panasonic Corp.'s losses ballooned to 698 billion yen ($8.7 billion) for the fiscal second quarter as sales plunged in flat-panel TVs, laptops and other gadgets, and restructuring costs to turn itself around were proving bigger than initially

Earthlink boosts full-year forecast

Submitted by Fox First at Ten on October 30th

ATLANTA (AP) - Earthlink Inc.'s third-quarter profit fell sharply but the company boosted its full-year outlook as it made progress in shifting its focus toward information technology services. The company, based in Atlanta, was once known as an Internet service provider but struggled with

Mood of the Nation: Struggling yet still hopeful

Submitted by Fox First at Ten on October 30th

By DAVE CARPENTERAP Business Writer CHICAGO (AP) - On the eve of the 2012 elections, The Associated Press interviewed dozens of Americans to try to gauge the economic mood of the nation. People were asked about jobs, housing, gas prices, retirement and other issues. Among them were a Chicago

Police: Karate student decks man in apartment

Submitted by Fox First at Ten on October 30th

FRESNO, Calif. (AP) - A California man got an early morning beat down after being pummeled by a karate student who found him drunk in her bathroom. Jannine Ramirez had just won a karate competition when she arrived at her Fresno apartment early Sunday and heard someone in the bathroom. Ramirez, 20

Baidu profit up 60 percent, revenue growth slows

Submitted by Fox First at Ten on October 30th

BEIJING (AP) - Baidu Inc., which operates China's most popular search engine, said Tuesday its latest quarterly profit rose 60 percent but revenue growth slowed as the Chinese economy cooled. Profit for the three months ending Sept. 30 was $478.6 million (3 billion yuan), the Beijing-based

High-tech product announcements this fall

Submitted by Fox First at Ten on October 29th

By The Associated Press It's high season for consumer electronics. Manufacturers of various gadgets are unveiling their holiday lineups. Add to that products surrounding a new version of Windows that came out Friday. Here's a recap of the announcements so far: - Sept. 4: Microsoft Corp

Russia's Gazprom plans new Pacific gas pipeline

Submitted by Fox First at Ten on October 29th

MOSCOW (AP) - Russian President Vladimir Putin gave his blessing on Monday to a plan to invest tens of billions of dollars to tap a new natural gas field in Siberia and build a new pipeline to the nation's Pacific coast for exports to Asia. Putin met Monday with Alexei Miller, the CEO of state-