Business News

Delta Air Lines today reported a net loss of $354 million and a loss per share of $2.90 for the March 2002 quarter.

Kmart Corp. has $19 billion in assets and $11.56 billion in liabilities, according to financial documents filed in federal court Monday.

Procrastinators scrambled to finish their tax returns and waited in long lines at post offices as the clock ran out on tax-filing day.

Sprint Corp. exceeded analysts' expectations for the first quarter, and said it's making progress in efforts to increase profitability and improve the company's efficiency despite a challenging market.

After 13 years of answering taxpayer questions, Ellen Murphy nearly tore her 1040 instruction forms in two last week after opening her e-mail inbox. The taxpayer's message read, simply: "Could you tell me how much I have to pay this year? Thanks.&

McCauley Propeller Systems will move its operations from Dayton International Airport to Columbus, Ga., eliminating 195 local jobs.

The Justice Department will defer prosecuting Arthur Andersen LLP on obstruction charges in a settlement requiring the public admission that top Andersen officials knew employees were wrongfully destroying documents related to the collapse of Enron Corp.,

Profits rose at Citigroup Inc. in the first quarter but came in below analysts' expectations due to large write-offs of the bank's Argentine holdings.

Amtrak says it will save $85 million over seven years by turning over to IBM its reservation system and other information technology work.

General Electric Co. said Monday it plans to eliminate 7,000 jobs this year at GE Capital in an effort to cut costs by $1 billion at the financial services division.