Business News

Former Enron chairman Kenneth Lay, scheduled to testify under subpoena before Congress on Tuesday, will invoke the Fifth Amendment's protection against self-incrimination and refuse to answer questions, his spokeswoman said Sunday night.

Legal experts say an internal Enron Corp. report and a request for more information by the bankrupt company's creditors have heightened the possibility that Enron's outside lawyers could be sued.

Growers of flue-cured tobacco have grumbled for four years about government-mandated production cuts that slashed their profits and idled machinery and curing barns.

During a lengthy academic career, Robert K. Jaedicke taught Stanford University students how to be responsible and ethical while succeeding in business.

Federal regulators have shut down NextBank, whose core business was issuing credit cards over the Internet. It was the first Internet bank shuttered by the government.

Economic prospects have brightened for the world's industrial powers, but further steps are needed for a sustained recovery from the global recession.

Federated Department Stores Inc. has confirmed that it has received one formal offer for its Fingerhut catalog business and that another potential buyer has dropped out.

An investment broker who disappeared after he prompted the FBI to investigate $300 million missing from his clients' accounts turned himself in Saturday.

Global Crossing Ltd., the fiber optics network firm that filed for bankruptcy protection, is drawing further scrutiny from the Securities and Exchange Commission after a former executive charged the company with accounting irregularities.

A federal bankruptcy judge refused to free Pacific Gas and Electric Co. from state laws and regulations it claims will prevent it from paying off thousands of creditors.