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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Oct 12, 2008
Page
7
CBS Corp lowers its 2008 operating profit outlook as ad revenue declines. The company now expects adjusted operating income before depreciation and amortization to fall mid-teens from 2007 levels, with third quarter EPS of 42 to 44 cents and about 3 percent revenue growth. It also to book a roughly 14 billion non cash impairment charge for radio and TV stations.
Powell of the Permian Basin BBB cautions consumers researching discount medical cards to verify costs and written terms before signup. The BBB notes many cards are not insurance, may have limited provider networks, and customers report misleading ads and scams. Ask about annual cost, covered services, provider lists, cancellation rules, and refunds.
Mazda denies any decision to sell Ford Motor’s one third stake in Mazda Motor Corp. Ford says no comment on speculation and the relationship remains unchanged. Reports say Ford may retain some stake and management ties while Ford fights a heavy cash burn and an $8.7 billion quarterly loss.
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