Business News

Ali Rodriguez has quit his job as secretary general of OPEC and will become the president of Venezuela's state-owned oil monopoly Petroleos de Venezuela.

In a warning to Arthur Andersen, Enron - and corporate America - the head of the Securities and Exchange Commission says the government will crack down hard on companies that obstruct or don't cooperate with investigations.

None of the tickets sold for Friday's $5 million drawing matched all five lotto numbers and the Big Money Ball. The next drawing will be Tuesday.

Profits rose sharply at BellSouth Corporation in the first quarter because of one-time gain on an asset sale, but the telecommunications giant again cut its earnings outlook for the year Friday on the prospect of continued weak sales.

Satellite television provider EchoStar Communications Corporation and Internet service provider EarthLink Incorporated said Friday they have entered an alliance to offer a combined satellite television and Internet access package.

United Airlines' parent company reported a $510 million first-quarter loss Friday, its second-biggest setback ever, reflecting its continued struggles to lure back business travelers in a skittish economy.

The manufacturers of the V-22 Osprey have reached out-of-court settlements with all but one of the families of 23 Marines killed in two crashes of the tilt-rotor aircraft in 2000.

While it's been many years since the Southern Furniture Market changed its name to the International Home Furnishings Market, the international tag seems to be more fitting than ever.

Shares of eBay Inc. sank after the Internet trading leader reported first-quarter earnings that beat Wall Street forecasts but showed weakness in some auxiliary businesses.

Arthur Andersen LLP may be headed toward a trial on criminal obstruction charges for the destruction of Enron Corp. documents following a breakdown in negotiations between federal prosecutors and the accounting firm.