Business News

Staggered by a rapid loss of business from the Enron scandal, Arthur Andersen LLP announced Monday it is laying off about 7,000 employees or more than a quarter of its U.S. work force.

Wal-Mart Stores Inc. has no plans to open its own "superstores" in Japan and will instead concentrate on working with its new local partner, a senior executive said Monday.

Atlanta-based Caraustar Industries says its board has decided to dismiss Arthur Andersen L.L.P. as the company's independent accountant.

IBM Corp. jolted Wall Street on Monday, warning investors that its first quarter earnings per share would come in well below analysts' expectations.

Customers of Blue Cross Blue Shield of Michigan saved $3.4 million on their prescriptions under the company's generic drug promotion, the state's largest insurance provider said Monday.

A profit and revenue warning from IBM drove stocks sharply lower Monday as investors feared that a business turnaround would be further delayed.

Attorneys for Enron Corp.'s workers are widening the blame for the bankrupt energy company's downward spiral.

Saddam Hussein announced Monday that Iraq would cut oil exports for 30 days, or until Israel withdraws from Palestinian territories.

They say happy cows are more productive cows. Arie Jongeneel is hoping his herd of Holsteins, resplendent on their water beds, will bring forth a dairy deluge.

As The Wall Street Journal gears up to unveil its much-awaited new look on Tuesday, it has been offering a peek into the secretive design process with a series of ads showing proposals that didn't make the cut: