Business News

Shares in Elan Corp., Ireland's largest pharmaceutical company, slid Friday after The Washington Post reported deepening troubles in its joint effort with an American firm to develop a new Alzheimer's treatment.

Hiroki Watanabe already owns a Sony PlayStation2. But that didn't stop him from lining up for hours at a downtown store to get his hands on Microsoft Corp.'s Xbox video-game console.

Political pressure is mounting on Boeing to save its only Eastern Washington facility after the company said it might close the plant to cut costs.

The National Association for Business Economics said that 60 percent of the economists on its forecasting panel believe the economy has turned the corner and is growing again.

A group of Global Crossing Ltd. shareholders intends to file an alternative rescue plan Friday for the telecom network firm that would save investors' holdings and kick out many of the top executives.

The Ford Motor Company says it is instituting a new system in all of its North American assembly plants aimed at catching problems before the consumer does.

Alan Greenspan isn't going anywhere. That's the word from a top Bush administration economist who says the Federal Reserve chairman is in great health and has no plans to leave the central bank.

Delta Air Lines says it has not closed its special express security lines for frequent fliers and first- or business-class passengers.

Internet broadcasters are viewing with caution a proposed royalty rate that could make them pay fractions of a cent each time they play a song online.

The world's leading nations must increase efforts to reduce the global poverty if the fight against terrorism is to be won, the president of the World Bank said Thursday.