Business News

A Fortune 500 company adds more than $1 billion in profits through a complex set of deals that are difficult to comprehend. What do those in charge do?

Industrial production dipped in January by just 0.1 percent, the smallest decline in six months, raising hopes that the nation's beleaguered manufacturing sector may be edging toward a recovery.

As the clock winds down to Wednesday's strike deadline, United Airlines and its mechanics remain hopeful their dispute can be resolved without government interference.

Californians and out-of-staters alike scrambled to get in on an unprecedented $193 million lottery jackpot, flocking to buy tickets before Saturday night's drawing.

The Atlanta Business Chronicle is reporting that Northside Hospital of Atlanta has made an offer to purchase Baptist Medical Center in Cumming, part of the Georgia Baptist Healthcare System.

Revlon Inc. announced Friday that Jeffrey M. Nugent, its president and chief executive officer who came on board two years ago to spearhead the cosmetic giant's turnaround.

IBM Corp. used income from the sale of a business unit to lower its operating costs, giving its fourth quarter 2001 earnings report a rosier glow than it might otherwise have warranted.

With its planned marriage to a U.S. rival now on hold, P&O Princess Cruises PLC is expected to come under intense pressure to talk with Carnival Corp., the No. 1 cruise operator whose $5.4 billion bid for Princess sparked a shareholder revolt.

Sprint PCS announced Friday that it will close five of its customer service centers, cutting an estimated 3,000 jobs.

Former Enron chairman Kenneth Lay sold some $70 million of his Enron stock back to the company to repay loans last year, including $16.3 million in the 13 days after he was warned by executive Sherron Watkins of serious accounting problems.