Kraft's third-quarter profits, which were announced this morning
, slightly beat analysts' expectations, as did Kellogg's earnings. Procter & Gamble profits are up 9% for the quarter, Reuters reports
, as consumers seem to be willing to pay price increases imposed to offset higher commodity and energy costs.
And on the media front, Times
editor Bill Keller
told a newsroom gathering that "I do not see another round of newsroom staff reductions on the horizon," according to Fishbowl NY