Earnings Roundup: Intel, CSX

Among the earnings stories for Tuesday, Oct. 13, from AP Financial News:

SAN FRANCISCO (AP) — Intel Corp.'s third-quarter numbers show the company is getting better at doing more with less in the toughest stretch for the personal computer industry in nearly a decade.

NEW YORK (AP) — CSX Corp., the nation's third-largest railroad, said Tuesday it believes the worst of the recession is over, but its third-quarter earnings fell 23 percent from a year ago because shipping demand is still weak.

WALL, N.J. (AP) — Centennial Communications Corp., which is being acquired by AT&T Inc., said Tuesday its fiscal first-quarter profit climbed as cost cuts offset a decline in revenue.

SAN JOSE, Calif. (AP) — Chip maker Altera Corp. said Tuesday its third-quarter profit tumbled 40 percent as businesses remained cautious on technology spending, but noted that market conditions "improved steadily during the quarter."

TRENTON, N.J. (AP) — Johnson & Johnson executives said Tuesday a proposed tax on medical device makers, part of the health care reform package moving in the Senate, is too high and could cost jobs in the industry.

TRENTON, N.J. (AP) — Band-Aid maker Johnson & Johnson is feeling the pain as consumers worldwide buy more generic health products — whether it's prescription medicines or store-brand bandages — or just do without for as long as they can.