October 20 Biz Minute

Today the Coca-Cola Co. said its third-quarter profit inched higher, though sales fell as consumers continued to limit soft drink purchases,

Drugmaker Pfizer, executing some sharp cost cuts to make up for a dip in sales, posted a 26 percent jump in its third-quarter profits.

Apple, led by better-than-expected sales of iPhones, Macintosh computers and iPods, reported a 47 percent jump in quarterly profits

In a discouraging sign for the housing industry, applications for home building permits, a gauge of future construction, fell in September by the largest amount in five months.

The American Wind Energy Association reported today that developers installed 1,600 megawatts of wind power capacity - enough to serve about 480,000 households, in the third quarter. That's over 18 percent more than a year earlier.

The book price wars are escalating, and discount retailer Target has entered the battle with Amazon and Wal-Mart. Yesterday Target began offering customers who pre-ordered 6 soon to be published books the same price as Wal-Mart has been offering on its web site. Today, Wal-Mart lowered their price by a penny......

Category:

News & Politics

Tags:

• Coca-Cola
• Coke
• Pfizer
• Apple
• iPhone
• Macs
• iPods
• Housing
• building permits
• construction
• Target
• Wal-Mart
• Wal Mart
• Amazon
• books