Business News

Plans to build a $360 million power plant in this southern Detroit suburb have been put on hold, a Georgia power company said.

For the third time, and probably again in vain, the House on Thursday approved a $150 billion Republican economic stimulus package based on business and individual tax cuts.

A key gauge of the number of Americans losing their jobs fell to its lowest level in six months, a sign that the country may be pulling out of a recession.

Citing stronger-than-anticipated January sales, catalog retailer Lands' End Inc. said Thursday it expects higher earnings for its fiscal year ended Feb. 1 than previously projected.

BellSouth Corp. renewed its push Thursday to offer long distance service in Georgia and Louisiana, offering federal regulators a revised application the company hopes will satisfy regulatory concerns.

In the latest consolidation move in the ailing U.S. steel industry, Nucor Corp. on Thursday offered to pay $500 million in cash for most of the assets of Birmingham Steel Corp.

DaimlerChrysler AG is recalling 1.6 million 1993-1998 model year Jeep Grand Cherokees in response to consumer claims the vehicle may not be in "park" even though the gear shift is placed in that position.

New claims for unemployment insurance dipped for the second week in a row to a level suggesting that companies may be easing layoffs as signs of an economic recovery mount.

WorldTravel BTI and McCord, two of the nation's largest travel management firms, announced today their plans to join
forces

Relatives of corporate raider Victor Posner are questioning his will, which leaves the bulk of his multimillion dollar estate to his business associate and gives three of his four children nothing.