Financial news on October 21, 2006

Business and Financial news
3 Former Knight Ridder Newspapers Plan Layoffs and Other Staff Reductions

The San Jose Mercury News, The Philadelphia Inquirer and The Contra Costa Times painted a bleak outlook for newspapers. Read more..

By KATHARINE Q. SEELYE - The New York Times

A Student’s Video Résumé Gets Attention (Some of It Unwanted)

Aleksey Vayner, who became the Internet’s latest viral sensation, is now portraying himself as a victim of a flash flood of Web interest. Read more..

By MICHAEL J. de la MERCED - The New York Times

Cholesterol Pill Sales Bolster 2 Drug Makers

Merck and Schering-Plough reported strong sales from two cholesterol pills they both sell. Read more..

By BLOOMBERG NEWS - The New York Times

Firing Chief Was Wrong, Panel Says

An arbitration panel found that Massachusetts Mutual’s board did not terminate its chief “for cause” and owed benefits denied to him. Read more..

By JULIE CRESWELL - The New York Times

New Rules Prompt Upheaval in Australia’s Media Market

News Corporation’s decision to buy a stake in John Fairfax Holdings may indicate new changes in Australia’s ownership restrictions. Read more..

By TIM JOHNSTON - The New York Times

News Corporation Shareholders Back Murdoch’s Takeover Defense

The vote by shareholders could also improve Rupert Murdoch’s leverage in his DirecTV talks with Liberty Media. Read more..

By RICHARD SIKLOS - The New York Times

Ruling on Convictions Could Help Skilling

An appeals court refused to consider reinstating the convictions of former Merrill Lynch executives found guilty in an Enron sale. Read more..

By BLOOMBERG NEWS - The New York Times

Seeing Red in Product Red

Not since the days of khaki colonialism has buying Africa been so sexy. Read more..

By DAN MITCHELL - The New York Times

Sunny Side Up

More companies are finding a risk-free way to adopt solar energy from systems installed by others. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

The Dow Soars, and Consumer Prices Sink

Good week for the stock market. Not so for the man who used to run it. Read more..

By MARK A. STEIN - The New York Times

See what else happened on October 21, 2006