Business News

AMC Entertainment Inc. has completed its $167 million purchase of GC Companies, the parent company of General Cinemas, AMC said Friday.

XM Satellite Radio Holdings Inc.'s chief financial officer Heinz Stubblefield will leave April 1 to take the top finance spot at AHL Services Inc., XM said Friday.

Struggling telecommunications firm XO Communications warned in its annual report Friday that it will likely file for bankruptcy as part of a restructuring plan.

The annual salary of Robert Nardelli, chairman, president and chief executive of The Home Depot Incorporated, was $1.5 million in 2001, up from $202,531 in 2000, according to a preliminary proxy filed Friday with the Securities and Exchange Commission.

United Parcel Service and other air cargo carriers are asking the government to grant them an exemption from new rules requiring stronger cockpit doors to prevent attacks on pilots.

Georgia-Pacific Corp.'s board of directors, at its regular meeting today, authorized the corporation's management team to finalize planning for the strategic split of Georgia-Pacific's consumer products and packaging business from its building

The auditor for General Media Inc., publisher of Penthouse and other magazines, has said there is substantial doubt about the company's ability to continue as a going concern.

A pharmaceutical company agreed Friday to donate about 85 million doses of smallpox vaccine to the government.

Consumers spent heavily in February as their incomes increased solidly -- more signs that the U.S. economy is gaining strength after a brief recession.

A reporter for Cable News Network covering the Balkans has died of cancer.