Business News Archive - July 20, 2005

Eastman Kodak Co. of Rochester, N.Y., Wednesday announced it will layoff as many as 10,000 employees, besides the 15,000 already announced. News of the layoffs came as the company posted a second-quarter net loss that exceeded investors' forecasts.

Word of the Day
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'