Shares of Performance Food Group tumbled more than 27 percent Tuesday after the company blindsided Wall Street with news that accounting errors had surfaced on its books, forcing a restatement of past profits.
With oil prices at their highest levels in six months, OPEC is expected to stick with its latest cuts in crude production when the cartel's representatives meet Friday to assess market conditions.
The Kroger Co. said Tuesday its fourth quarter earnings were about 5 percent lower than a year ago, hurt by restructuring charges, a weakened economy and competition.
A nonprofit group opposed to commercialization in schools is asking advertising agencies not to do business with ``CNN Student News,'' which is seeking paid sponsorships.
EarthLink and AT&T Broadband said Tuesday they have signed an agreement in which EarthLink will offer high-speed Internet service on AT&T Broadband's network, initially in Seattle and Boston.
Microsoft Corp. is proposing concessions that go beyond those agreed to in the United States to help rivals ensure their equipment can operate with its dominant Windows software.
United Airlines announced Tuesday that it is increasing the number of daily flights from O'Hare International Airport by 15 percent and will recall hundreds of furloughed employees to make it happen.
Lucent Technologies has lowered its revenue expectations for the second fiscal quarter, which will likely delay its return to profitability until 2003.
