Sunday July 6th, 2025 9:05AM

Business News

Andersen to lay off 7,000
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.
2:23PM ( 23 years ago )
Wal-Mart executive: No plans now for own Japan superstores
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.
12:59PM ( 23 years ago )
Caraustar to hire Deloitte & Touche
Atlanta-based Caraustar Industries says its board has decided to dismiss Arthur Andersen L.L.P. as the company's independent accountant.
12:17PM ( 23 years ago )
IBM says first quarter earnings will be far below expectations
IBM Corp. jolted Wall Street on Monday, warning investors that its first quarter earnings per share would come in well below analysts' expectations.
11:41AM ( 23 years ago )
Blue Cross: Customers saved $3.4 million under generic drug program
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.
11:38AM ( 23 years ago )
IBM warning sends stocks sharply lower Monday
A profit and revenue warning from IBM drove stocks sharply lower Monday as investors feared that a business turnaround would be further delayed.
10:13AM ( 23 years ago )
Enron lawsuit on behalf of employees to name banks as defendants
Attorneys for Enron Corp.'s workers are widening the blame for the bankrupt energy company's downward spiral.
8:31AM ( 23 years ago )
Saddam announces cut in oil exports to support Palestinians
Saddam Hussein announced Monday that Iraq would cut oil exports for 30 days, or until Israel withdraws from Palestinian territories.
8:10AM ( 23 years ago )
In search of better milk, farmers pamper their herds with water beds
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.
7:58AM ( 23 years ago )
Aliens? Astrologers? Journal puts tongue in cheek to promote redesign
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:
7:57AM ( 23 years ago )