Deep discounting of winter merchandise drew consumers into the nation's stores during January, offering many struggling retailers a brief respite from a sluggish sales trend.
Gannett Co., the largest newspaper publisher in the country, reported a 15.8 percent decline in fourth quarter net profits Thursday as an advertising slump and the slow economy dragged down results.
Refusing to take no for an answer, Carnival Corp. came up Thursday with its fourth hostile offer for P&O Princess PLC in an effort to prevent P&O from merging with Royal Caribbean Cruises Ltd.
Tough market conditions caused a significant drop in profits at WorldCom Inc. in the fourth quarter, falling short of Wall Street's expectations, the company reported Thursday.