Business News

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.

Out-of-pocket costs for Medicare recipients enrolled in health maintenance organizations rose by nearly 50 percent over three years, a study shows.

Police are searching for a criminal Cupid who sawed a hole in a wholesale florist's warehouse and made off with about 6,000 roses.

Polaroid Corp. said it could emerge from bankruptcy protection as a smaller stand-alone company.

A judge granted an emergency request from financially ailing Kmart Corp. for permission to pay an immediate $10 million in back bills to keep its shelves stocked with liquor, a move it said was vital for its economic survival.

With a knife at her throat, Clarissa Zimmermann throws up her arms, leans her weight toward the attacker and knocks him to the floor in two quick shuffles.