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Nine pages © 2009 The New York Times Visit The Times on the Web: www.nytimes.com
NASDAQ 2,163.47 D 12.85 10-yr treasury 3.34% D 0.05 crude oil $79.09 D 0.52 ftse 100 5,243.40 D 38.14
Fans of E-Books Keep Up Enthusiasm for Format So. Africa .1356 .1369
So. Korea .00085 .00085
Sweden .1436 .1443
7.3765 7.3060
1168.0 1175.0
6.9638 6.9300
The publishing industry has Amazon for example, says that about eight books a month from Switzerlnd .9872 .9870 1.0129 1.0131
been under a dark cloud recently. people with Kindles now buy 3.1 its online library. That is far more
Sales are down this year, despite times as many books as they did than the approximately 6.7 books
prominent books by Dan Brown before owning the device. That than the average American book California Sues Bank
and Edward M. Kennedy. Wal- factor is up from 2.7 in Decem- buyer purchased for the entire California charged the State
Mart and Amazon are locked in a ber 2008, when the company last year in 2008, according to Bowk- Street Corp. with fraud, accusing
war for e-commerce dominance, provided the statistic. “You are er, a publishing industry tracking the bank of cheating the state’s
creating new worries among pub- going to see very significant in- firm. two largest pension funds of at
lishers and authors about dwin- dustry growth rates as a result Fans of the reading devices least $56.6 million by overcharg-
dling profits. of the convenience of this kind of suggest that the convenience of ing them for a series of foreign
But amid the gloom, some sell- reading,” said Jeffrey P. Bezos, using digital reading devices, exchange trades. The lawsuit, un-
ers and owners of electronic read- chief executive of Amazon. which offer a sense of control and sealed on Tuesday, contends that
ing devices are making the case Sony, maker of the Reader fam- customization, has sparked a the bank consistently overcharged
that people are reading more be- ily of devices, says that its e-book greater interest in books. the two state pension funds, Calp-
cause of e-books. customers, on average, download BRAD STONE ers and Calstrs. (NYT)
Business Wednesday, October 21, 2009 5
The Food and Drug Admin- That could force manufactur- That program has drawn fire be-
istration said Tuesday that it ers to deliver the bad news with cause it gives a nutritional seal of Sun Cutting Jobs
would seek to clear up the confu- the good, putting an end to a com- approval to many foods, including Sun Microsystems, waiting
sion caused by a surge of upbeat mon practice in which manufac- sugary cereals and high-fat may- for European regulators to ap-
nutritional claims — for every- turers boast on package fronts onnaise, that many nutritionists prove its acquisition by the
thing from Froot Loops to may- about some components, such as consider to be unhealthy. Oracle Corp., plans to cut as
onnaise — that manufacturers vitamins or fiber, while ignoring “We believe in the science many as 3,000 jobs, or about
have begun to make on packaged less appealing ingredients, like behind the Smart Choices pro- 10 percent of the work force,
food labels. added sugar or unhealthy fats. gram,” Mike Hughes, the pro- to pare expenses over the next
By early next year, officials The F.D.A.’s move could pres- gram’s chairman, said in a state- 12 months. The cuts will oc-
said, the agency will issue pro- ent a challenge to the Smart Choic- ment. “We also look forward to cur around the world, Sun said
posed standards that companies es program, a nutrition labeling the opportunity to participate in Tuesday in a regulatory filing.
must follow in creating nutrition campaign begun this summer F.D.A.’s initiatives on front-of- European approval is among
labels that go on the front of food with much fanfare by some of the package labeling.” the final hurdles in the $7.4 bil-
packaging. nation’s largest food companies. WILLIAM NEUMAN lion acquisition. (Bloomberg)
WEATHER Houston
Kansas City
81/ 61
73/ 55
0
0.01
80/ 68 T
69/ 59 Sh
77/ 72 T
49/ 46 Sh
Cape Town
Dublin
80/ 57 0
58/ 50 0
73/ 55 S
57/ 50 R
82/ 55 S
59/ 50 R
High/low temperatures for the 20 hours ended at 4 p.m.
yesterday, Eastern time, and precipitation (in inches) Los Angeles 74/ 59 0 85/ 60 S 86/ 59 S Geneva 51/ 28 0 64/ 50 Sh 61/ 45 C
for the 18 hours ended at 2 p.m. yesterday. Expected Miami 85/ 66 0 86/ 75 PC 87/ 77 PC Hong Kong 82/ 75 0.01 79/ 73 R 82/ 75 PC
conditions for today and tomorrow. Mpls.-St. Paul 54/ 46 0 46/ 44 R 47/ 36 PC Kingston 90/ 79 0 84/ 77 T 86/ 77 T
New York City 65/ 45 0 68/ 54 PC 73/ 55 PC Lima 68/ 61 Tr 68/ 62 C 68/ 62 C
Weather conditions: C-clouds, F-fog, H-haze, I-ice, PC- Orlando 81/ 57 0 85/ 65 PC 87/ 69 PC London 60/ 41 Tr 63/ 54 C 61/ 54 C
partly cloudy,R-rain, S-sun, Sh-showers, Sn-snow, SS- Philadelphia 68/ 39 0 71/ 49 S 75/ 50 PC Madrid 61/ 55 0 54/ 50 C 61/ 52 Sh
snow showers, T-thunderstorms, Tr-trace, W-windy. Phoenix 83/ 70 0 84/ 61 S 88/ 61 S Mexico City 74/ 52 0 77/ 50 C 79/ 50 PC
Salt Lake City 55/ 46 0.42 61/ 41 PC 60/ 41 PC Montreal 57/ 43 0 49/ 34 PC 57/ 32 R
U.S. CITIES San Francisco 64/ 57 0.24 68/ 55 PC 68/ 55 PC Moscow 45/ 28 0 46/ 37 C 46/ 41 R
Yesterday Today Tomorrow Seattle 53/ 43 0 57/ 50 Sh 58/ 49 C Nassau 81/ 75 0 88/ 75 S 90/ 75 S
Atlanta 68/ 41 0 73/ 46 S 72/ 53 PC St. Louis 76/ 52 0 73/ 55 PC 63/ 57 T Paris 61/ 36 0.01 61/ 54 R 63/ 50 PC
Albuquerque 71/ 54 0 55/ 45 C 64/ 39 S Washington 68/ 41 0 72/ 49 S 76/ 53 PC Prague 40/ 32 0 52/ 34 PC 52/ 43 Sh
Boise 60/ 41 0 62/ 41 PC 63/ 43 C Rio de Janeiro 82/ 70 2.24 84/ 66 C 79/ 68 Sh
Boston 65/ 37 0 62/ 50 PC 69/ 51 PC FOREIGN CITIES Rome 61/ 37 0 73/ 57 C 72/ 59 R
Buffalo 56/ 48 0 62/ 51 C 62/ 53 C Yesterday Today Tomorrow Santiago 75/ 48 0 75/ 45 C 77/ 48 PC
Charlotte 70/ 34 0 78/ 38 S 76/ 43 PC Acapulco 94/ 77 0 86/ 77 PC 88/ 77 PC Stockholm 45/ 34 0 46/ 36 PC 46/ 39 C
Chicago 61/ 48 0 66/ 52 PC 55/ 50 Sh Athens 75/ 57 0 73/ 55 S 73/ 57 PC Sydney 79/ 59 0 91/ 61 PC 75/ 61 C
Cleveland 65/ 48 0 70/ 49 PC 64/ 51 PC Beijing 71/ 39 0 66/ 45 S 68/ 52 S Tokyo 81/ 66 0 70/ 59 PC 72/ 57 PC
Dallas-Ft. Worth 79/ 59 0 75/ 63 T 64/ 60 C Berlin 47/ 34 0 50/ 36 PC 46/ 39 Sh Toronto 61/ 52 0 58/ 52 C 55/ 36 C
Denver 51/ 39 0 45/ 31 C 51/ 27 PC Buenos Aires 75/ 46 0 63/ 50 R 72/ 46 PC Vancouver 55/ 48 0 57/ 48 R 57/ 46 C
Detroit 65/ 45 0 71/ 50 PC 55/ 53 C Cairo 93/ 75 0 88/ 73 PC 82/ 70 S Warsaw 41/ 30 Tr 43/ 36 Sh 46/ 39 C
sports journal Wednesday, October 21, 2009 9