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October 4, 2001  
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Today’s headlines
Airlines dip into arsenal to attract scared travelers
Carriers are using a host of promotions to win back traffic, but leisure class fare sales remain untapped.

Elderly to receive discount on drugs
GlaxoSmithKline's plan cuts the costs of its drugs by 25 percent. But how many people will benefit?

Medicare HMOs to cut back benefits
Expect to pay more for services this year, although some zero-premium options remain available.

Credit cards rates miss lower interest rate party
Many issuers set rate floors that cards will not fall under, while other cards carry fixed rates.

Stimulus plan rallies markets
Heartened by President Bush's plan, investors push the Dow back above 9,000 while the Nasdaq posts its best gain since April.

Business digest
AT&T CONFIRMS TALKS: AT&T Corp. chief executive C. Michael Armstrong confirmed the company is in talks with suitors for some or all of its businesses. AT&T would "seriously consider" any offer for part or all of the company if it's pro-competitive and benefits shareholders, Armstrong said. He didn't say with whom the company was talking. A declining stock price led Armstrong to announce in October a dismantling of the company. The breakup, into three companies with four stocks, was put on hold after AT&T rejected an offer in July by Comcast for AT&T's cable business. AT&T has also discussed combinations with local-phone companies including BellSouth Corp., the Wall Street Journal reported. AT&T shares rose 34 cents to $19.94.




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