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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
upstander
  • A person who stands up for something, as contrasted to a bystander who remains inactive.
  • One of the upright handlebars on a traditional Inuit sled.
The word 'upstander' in the first sense here is a play on the word 'bystander' and the idea of 'standing up' for something.