Yahoo! News: Business
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                  as of Sat, 01 Oct 2005 07:27:37 GMT

    Ravelston to plead not guilty (Reuters)

Reuters - Ravelston Corp. Ltd., the insolvent holding company of
 one-time newspaper baron Conrad Black, plans to plead not guilty to
 U.S. criminal charges, its receiver said in a report this week.

    US airlines look to cut flights, up fares (Reuters)

Reuters - American Airlines plans to cancel 15 daily round-trip domestic
 flights from its two largest hub airports because of the skyrocketing
 price of jet fuel, the No. 1 U.S. air carrier said on Friday.

    Sony to sell restructuring to investors (Reuters)

Reuters - Now that Sony Corp. (6701.T) has spelled out a plan to revive
 profits at the struggling electronics and entertainment conglomerate,
 Chief Executive Howard Stringer says his next battle is convincing
 skeptical investors it will work.

    Lennar added to S&P 500, Google still out (Reuters)

Reuters - Standard & Poor's said on Friday that it would add home
 builder Lennar Corp.  to the S&P 500 Index (.SPX), snubbing Web
 search company Google Inc. as it replaced Gillette Co..

    News Corp acquires Intermix (Reuters)

Reuters - News Corp (NWSa.N) said on Friday that its Fox Interactive
 Media subsidiary has competed its acquisition of Intermix Media Inc.

    Katrina Takes Toll, Consumer Spending Dips (AP)

AP - Hurricane Katrina has knocked the economy for a loop, and whether
 it revives or slips into recession depends on whether nervous consumers
 are willing to spend more.

    Stocks rise, 3rd quarter is best for 2005 (Reuters)

Reuters - U.S. stocks ended slightly higher on Friday, helping to push
 indexes to their best quarterly finish for 2005, as a dip in crude oil
 prices lifted shares of companies that are heavy users of fuel,
 including Caterpillar Inc.  and DuPont Co. .

    Consumer spending falls, inflation rises (Reuters)

Reuters - U.S. August consumer spending and income fell, partly due to
 Hurricane Katrina, and inflation edged up amid record oil prices,
 bolstering expectations the Federal Reserve will keep raising interest
 rates.

    Wal-Mart shuffles execs to boost sales (Reuters)

Reuters - Wal-Mart Stores Inc.  on Friday said the heads of its U.S. and
 international operations would switch roles as the world's biggest
 retailer struggles to boost sluggish sales growth at home and abroad.

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