Business News

Top Democrats blamed President Bush's budget policies Tuesday for forcing a federal borrowing crunch after a Republican leader acknowledged the GOP lacks the votes to push a debt limit increase through the House.

The Justice Department has repeatedly threatened accounting firm Arthur Andersen with indictment for destroying documents in the Enron case, according to sources familiar with their negotiations over the past week to 10 days.

For most of its investors, the unveiling of Wachovia Corp.'s new corporate logo pales next to priorities such as increasing shareholder value and boosting the bank's outlook for future earnings growth.

California is facing one of its worst lettuce shortages and the highest prices in 15 years, potentially pushing the cost of lettuce across the country to $3 a head.

A proposal for tough new auto fuel economy requirements appeared to be in trouble in the Senate late Tuesday as opponents argued they would deprive drivers of their sport utility vehicles and lead to more traffic deaths.

PayPal Inc.'s online payment service is less likely to run into trouble with state banking regulators after receiving a positive opinion from the Federal Deposit Insurance Corp., the company's chief executive said Tuesday.

Shares of WorldCom Inc. dropped markedly Tuesday after the telecommunications giant said the Securities and Exchange Commission requested documents regarding loans and financial practices.

WorldCom Inc., the nation's No. 2 long-distance company, said it will furnish several documents requested by the Securities and Exchange Commission.

A health insurance company has been fined for failing to make timely reimbursements.

Less than two months before its scheduled date, CNN has pulled the plug on this year's World Report conference.