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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (265798)12/23/2005 9:58:17 AM
From: paret  Read Replies (1) | Respond to of 1573222
 
N.Y. Times warns of profit plunge
By David B. Wilkerson, MarketWatch
Last Update: 5:45 PM ET Dec. 21, 2005

CHICAGO (MarketWatch) - New York Times Co. said after the market closed Wednesday that its fourth-quarter profit would plunge 39% from that of a year earlier on charges related to job cuts announced in September, as well as stock-based compensation expense.

New York Times says it expects earnings per share in the range of 45 to 47 cents a share, compared to 75 cents a share in the same quarter last year.

The estimate includes charge in the range of $34 million to $37 million, or 14-15 cents a share, related to a round of 500 job cuts announced three months ago. Also in the fourth quarter, New York Times anticipates a writedown of $16 million to $17 million, or 7 cents a share, related to stock-based compensation expense.

The company also expects to record a charge on the job cuts in the first quarter of next year.

New York Times, which also announced layoffs earlier in 2005, is just one of several newspaper publishers, including Tribune Co., to announce job cuts in reaction to an uneven advertising environment and declining circulation.

New York Times shares declined 27 cents to close at $26.98 on Wednesday



To: Doug R who wrote (265798)12/23/2005 9:59:22 AM
From: steve harris  Read Replies (1) | Respond to of 1573222
 
My mistake.
$66000 Abramoff paid Reid.

washingtonpost.com



To: Doug R who wrote (265798)12/23/2005 10:14:22 AM
From: combjelly  Read Replies (1) | Respond to of 1573222
 
"...not the 99%+ that went to Republicans??"

Ok, let us get the numbers straight. For one, there are two pools of money, which may or may not make a difference. The larger pool consists of contributions by Abramoff clients. The other pool is money contributed directly by Abramoff or his associates. Of the former, about two thirds went to Republicans and one third to Democrats. Of the latter pool, 100% went to Republicans and none to Democrats.

Democrats like Harry Reid who had a consistent stance against new casinos got most of the money the Abramoff clients contributed. Several of the Republicans who got money from either the clients or from Abramoff switched their stance on new casinos, some several times. This is what is at the heart of this investigation and is why it is Republicans who are under the microscope.

But, what the heck? Convict everyone who got money from either of those two sources. Assume they are all dirty. Congress needs a shakeup, maybe this would do it.

washingtonpost.com