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Business Highlights

The Coca-Cola Co. isn't the first to come out with flavor drops. The category was pioneered by Kraft Food Inc.'s MiO, which was introduced in March of last year and has quickly spawned copycats, including supermarkets that sell store-brand versions.

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Intel warns 3Q revenue will drop on PC weakness

SAN FRANCISCO (AP) â¿¿ Intel's sales are falling at a rate that blindsided the chip-maker's management, amplifying Wall Street's worries about the slumping personal computer market and the frail economy.

The foreboding news came out Friday in revisions to Intel Corp.'s financial guidance for its current quarter.

The world's largest maker of computer chips now expects to post third-quarter revenue of $13.2 billion. That would be a 7 percent decline from the same time last year when Intel's revenue was $14.2 billion.

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Creditors expect decision on AMR by year-end

DALLAS (AP) â¿¿ AMR Corp.'s bankruptcy creditors expect the parent company of American Airlines to decide by year-end whether to merge with another airline or remain an independent company.

The committee representing AMR's unsecured creditors made the comment in a footnote to a bankruptcy court filing on Friday.

Since filing for bankruptcy protection in November, AMR management has favored remaining independent. But US Airways has pushed for a merger, and AMR agreed to work with its creditors to consider merger possibilities.

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Kmart waives layaway fee, joining rivals

NEW YORK (AP) â¿¿ The layaway wars are heating up ahead of the winter holidays.

Kmart, a division of Sears Holdings Corp., said Friday that it's waiving the fees that shoppers pay to open an interest-free pay-over-time program at its discount stores and online through Nov. 17.

The parent company, based in Hoffman Estates, Ill., plans to do the same for its Sears, Roebuck and Co. stores, but Jai Holtz, vice president of financial services for Sears Holdings, says it's still finalizing the time frame. Both Kmart and Sears have charged $5 for an 8-week layaway contract and $10 for a 12-week program.

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