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echo: yahoonews
to: ALL
from: BEN RITCHEY
date: 2005-10-28 07:14:46
subject: Business News Headlines

Yahoo! News: Business
                  -----------------------------------
                  as of Fri, 28 Oct 2005 11:49:25 GMT

    Bristol-Myers profit rises, sales flat (Reuters)

Reuters - Bristol-Myers Squibb Co.  on Friday said third-quarter profit
 rose, helped by the sale of its consumer medicines business, but
 company revenue was unchanged amid declining sales of drugs facing
 generic competition.

    Avon quarterly profit falls 7 percent (Reuters)

Reuters - Avon Products Inc. , the world's top direct seller of beauty
 products, on Friday said quarterly profit fell 7 percent as high
 gasoline prices hurt sales in the United States and weakness continued
 in other regions such as China.

    Constellation Energy earnings fall (Reuters)

Reuters - Power company Constellation Energy Group Inc.  on Friday said
 third-quarter earnings fell, hurt by a significant rise in commodity
 prices due to the U.S. Gulf Coast hurricanes.

    Archer Daniels profit drops 30 percent (Reuters)

Reuters - Agribusiness group Archer Daniels Midland Co.  on Friday
 reported that quarterly profit fell 30 percent because of disruptions
 from hurricanes.

    Nissan sees more risks ahead (Reuters)

Reuters - Nissan Motor Co., Japan's second-biggest auto maker, posted a
 worse-than-expected 5.5 percent drop in quarterly operating profit on
 Friday as a price war took the shine off buoyant U.S. sales, and it
 kept its forecast for flat full-year earnings despite a weakening yen.

    Snow sees no housing bubble (Reuters)

Reuters - U.S. Treasury Secretary John Snow said on Thursday the Bush
 administration backed a strong dollar and said he saw no sign of a
 bubble in U.S. housing prices.

    Stocks hit by durable goods, GM probe (Reuters)

Reuters - U.S. stocks dropped on Thursday for a third straight day on a
 bigger-than-expected decline in durable goods orders, while General
 Motors Corp.  shares slid on bankruptcy rumors triggered by news that
 it received subpoenas from U.S. regulators.

    France sets price for electricity sell-off (AFP)

AFP - France's Economy ministry fixed the share price range for
 individual investors in the planned part-privatisation of electricity
 utility EDF at 28.50-33.10 euros (34.60-40.19 dollars), with 85 percent
 remaining in state hands.

    Goody's Family Clothing OKs Buyout Offer (AP)

AP - Goody's Family Clothing Inc., a chain of small department stores in
 the Southeast and Midwest, on Thursday ended a three-week bidding war
 for the retailer by accepting a sweetened buyout offer worth about $327
 million from two New York investment firms.

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