Business News

Sprint Corp. on Friday announced it had obtained a $1 billion loan commitment and hired investment firms for advice on what its directory publishing business may be worth in a sale.

U.S. manufacturing activity rose for the first time in 18 months while consumer spending and construction grew solidly.

A measure of U.S. manufacturing activity rose for the first time in 1

Pillowtex Corporation will cut nearly 1,000 jobs at a local towel manufacturing plant, company officials said Thursday.

General Motors Corp. said Friday it once again was offering zero-percent financing on most new vehicles after a two-month hiatus, and Ford Motor Co. said it would extend its no-interest finance program.

Senators told arguing technology and entertainment leaders Thursday that the government would step in if they cannot settle differences over how to stop Internet pirates.

Nortel Networks Corp. announced Thursday it was dissolving the three-member team set up to help Frank Dunn's transition to chief executive last year, and that former chief executive John Roth would step down as a director.

With the help of robots and a little training, 150 cows on the H.E. Heindel & Sons dairy farm are practically milking themselves.

Japan's unemployment rate stood at 5.3 percent in January, falling unexpectedly for the first time in 11 months, but government officials warned Friday that job problems remained serious.

Coca-Cola Co. is still tops by a wide margin in the $61.7 billion U.S. soft drink market even though it lost some ground last year.