Business News

A trade group contends a concession package intended to reward Pakistan for its help in the war on terrorism will likely mean more job losses for the struggling American textile industry.

Levelor-Kirsch Window Fashions has announced it will close its Shamokin Township, Pennsylvania, plant in April, eliminating about 150 jobs.

Microsoft Corp. on Monday will launch a $200 million advertising campaign that aims to explain its Internet strategy to the general public.

Wholesale inflation edged up 0.1 percent in January reflecting higher prices for gasoline, cars and some food products.

With the recession already fading, home builders are anticipating new home starts will remain at high levels in 2002.

Olympic organizers spent the past six months trying to prevent people from clogging downtown during the games, but now city officials have a different message: Please come back.

General Motors Corp. says it is cutting up to 2,850 jobs by eliminating a shift at two plants -- including one in Michigan.

A planned merger between P&O Princess PLC and U.S. rival Royal Caribbean Cruises Ltd. hung in the balance Friday after Princess' shareholders delayed a crucial vote on the deal.

Global Crossing chairman Gary Winnick controlled companies that had lucrative dealings with the fiber optics network firm before it imploded, regulatory filings show.

Describing it as "permeated with fraud," the Federal Trade Commission has gone to court in an effort to shut down Miss Cleo's psychic hot line.