Capital Wrapup (Oct. 17, 2005)
BusinessWeek incorrectly reported in its Oct. 17 Capital Wrapup that the Senate Appropriations Committee exceeded its budget ceiling for defense spending. In fact, adjustments to that ceiling by the Congressional Budget Office meant there was no violation of the spending cap. The ceiling was $439 billion rather than the reported $410 billion. In "A Tense Kodak Moment" (Finance, Oct. 17), BusinessWeek reported that the company expects to realize a total of $600 million in asset sales for the rest of this year and all of next year. Publicly, the company has forecast sales for this year of $250 million to $350 million. It has not provided a forecast for 2006. In "The call of the Queen Mary" (Personal Business, Oct. 3) the extent of the writer's childhood ventures should have been a "two-mile radius" from home. The subheadline for "Living too large in exurbia" (News: Analysis & Commentary, Oct. 17) should have read: "...A lifestyle built on cheap energy is in jeopardy."