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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
honeyguide
  • Any of various tropical Old World birds of the family Indicatoridae, some species of which lead people or animals to the nests of wild honeybees. The birds eat the wax and larvae that remain after the nest has been destroyed for its honey.
Honeyguide birds have even been known to eat candles.