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Today’s headlines
Startups retrench in slowdown
While many larger companies are clinging to life, entrepreneurs say the slump forces them to work smarter.

Market recoils after crash
NEW YORK -- Stocks tumbled Monday in the wake of the American Airlines crash near Kennedy Airport, but rebounded when it appeared that the crash might be a horrible accident rather than the result of a new terrorist attack.

Business Digest
CHIQUITA TO DECLARE BANKRUPTCY: Chiquita Brands International said it will file for Chapter 11 bankruptcy protection. The biggest banana producer said it has negotiated a plan with creditors to repay about $861-million in debt. Chiquita blamed part of its problems on past European Union trade restrictions that caused its share of the 15-nation market to fall to 20 percent from 40 percent. Chiquita said the restrictions, which were lifted in April, cost it about $200-million a year in sales since 1993.