Business News

Shares in Irish drugmaker Elan Corp lost a quarter of their value and hit a two-year low on Wednesday as concerns over its accounting practices came sharply into focus in the wake of the Enron affair.

Some relatives of Sept. 11 victims are angry that a Georgia company is selling commemorative medallions made with steel from the World Trade Center.

AT&T Corp. reported a smaller fourth quarter loss, as the telecommunications giant continued to struggle with tough competition in the long-distance telephone market, its mainstay.

AOL Time Warner Inc. reported a net loss of $1.8 billion for its fourth quarter Wednesday as the world's largest media company wrote down the value of some of its investments.

To encourage greater electronic tax filing, President Bush wants to give e-filers an extra 10 days to get their returns in and begin designing a system allowing more people to file directly to the IRS via the Internet for free.

NRT, the nation's leading residential real estate brokerage company, today acquired the residential real estate brokerage operations of Northside Realty, one of Atlanta's largest independent real estate firms.

The U.S. economy, propped up by a surge in consumer spending on cars and the biggest increase in government spending in 15 years, grew at a tiny 0.2 percent annual rate in the final three months of 2001.

Steel souvenirs made from rubble from the World Trade Center attack are being sold by an out-of-state metals casting company.

Boeing Co. says it will partner with Japanese companies to research and develop materials for building its planned high-speed Sonic Cruiser passenger jet.

South Korea's Hyundai Motor Co. will jointly develop and manufacture electrically powered vehicles with UTC Fuel Cells of the United States, Hyundai officials said Wednesday.