Business News

Rates on 30-year mortgages rose for a second straight week, edging up above 7 percent, according to a nationwide survey released Thursday.

The European Union on Thursday approved the $23.6 billion merger of computer rivals Hewlett-Packard Co. with Compaq Computer Corp. without requiring divestments.

GB&T Bancshares, Inc., and HomeTown Bank of Villa Rica announced the signing of a non-binding Letter of Intent to merge HomeTown Bank into GB&T Bancshares network of financial companies.

Nucor Corp., the country's second-largest steel maker, said Thursday its fourth quarter profits fell by two-thirds as steel prices dropped due to the pressure of foreign imports and the recession.

Delta Air Lines said Thursday it lost nearly three quarters of a billion dollars in the fourth quarter to finish a sobering year of revenue declines that led to a record $1.2 billion loss in 2001.

Consumers, the lifeblood of the economy, trimmed their spending in December as free-financing offers for cars and other incentives began to wane. Incomes rose solidly.

It's often a shock whenever a company in a small community threatens layoffs. Here, it's virtually a punch in the stomach.

Switzerland's new national airline will be known as SWISS, the company that is taking over the financially troubled Swissair said Thursday.

Cadillac tuned up a classic 1959 Eldorado and borrowed a 30-year-old rock anthem for its new Super Bowl ads.

Like the Falcon and Pinto before it, the Th!nk bicycle is headed toward the junkyard of Ford Motor Co. history.