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 .
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