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Magna Q3 profit up 20% to US$159M; outlook shaky in 'negative' car industry (Canadian Press via Yahoo! News) - TORONTO (CP) - Magna International Inc. will benefit from the troubles of many of its competitors in a tough auto industry environment, the president of the global parts supplier said Tuesday.

Asian poultry industry faces wrenching change from bird flu (AFP via Yahoo! News) - The Asian poultry industry, which has boomed in the past decade to meet the needs of a fast-growing, wealthier population, faces dramatic change as a result of avian influenza.

Insurance industry trapped in own 'Fear Factor' (CBS Market Watch) - SANTA MONICA, Calif. (MarketWatch) -- The insurance industry, which had been set for a year of solid profits, is reeling once again as two devastating hurricanes have taken their toll and provided a reminder that catastrophe can frustrate the best-laid plans.

Some Stocks Can Lead The Way For Lagging Industry Groups (Investor's Business Daily via Yahoo! News) - That makes sense, to a point. A rising industry group can catch even mediocre stocks in its wake, propelling them northward. For example, oil-related industries -- and the stocks that populate them -- have surged over the last year or so, fueled by the run-up in energy prices.

Textile Industry Backs Limits on Imports (AP via Yahoo! News) - U.S. textile industry officials expressed support Monday for a plan to limit imports of Chinese textiles and clothing over the next three years.

Airline industry problems doesn't hurt UND's smooth ride (Minnesota Public Radio) - Despite the airline industry's financial problems, one of the country's largest aviation schools at the University of North Dakota is still very popular with students.

US government, industry delighted over China textiles deal (AFP via Yahoo! Australia & NZ News) - WASHINGTON (AFP) - The US government and textiles industry said a hard-fought agreement with China would inject much-needed stability into the two nations' multi-billion-dollar trade in clothes and fabric.

Industry reps praise textile trade agreement (Charlotte Business Journal) - Industry lobbyists who have been pushing the federal government to restrain Chinese textile and apparel imports are praising the deal U.S. and Chinese negotiators have reached this week.

Canadian wireless industry business booms (The Globe and Mail) - Thanks to new habits among consumers, the second quarter of 2005 proved profitable for the Canadian wireless industry, which had the second-best quarterly result in the past five years, Statistics Canada says.

As Knight Ridder Goes, So May News Industry (Orlando Sentinel) - As big shareholders of Knight Ridder Inc. pressure executives to consider selling the nation's second-largest newspaper company, an increasing number of industry veterans say the fight's outcome could write the future of print journalism.