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November 16, 2005

* Avon Products Inc. said it would cut an unspecified number of jobs and move some operations overseas to save as much as $500 million amid heightened competition.

* The Justice Department approved Oracle Corp.'s proposed $5.85-billion acquisition of rival Siebel Systems Inc. after finding the deal raised no antitrust concerns.

* CBS News Senior Vice President Marcy McGinnis resigned less than a month after Sean McManus took over the network's news operation. McGinnis said in an e-mail to co-workers that she was asked to leave by McManus.

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