Business News

Kmart Corp. stock surpassed $1 a share for the first time since the retailer filed for Chapter 11 bankruptcy protection last week.

The Southern Association of Colleges and Schools is appealing a federal judge's ruling that limited the extent of its investigation of Auburn University.

Habersham Bancorp reports fourth quarter earnings of $1,460,000 or $.53 per share diluted, an increase of 112% when compared to fourth quarter earnings of $679,000 or $.25 per share diluted in 2000.

Fox News Channel marked a milestone in its five-year history on Tuesday, topping rival CNN in viewership during a one-month period for the first time ever.

Archer Daniels Midland Co. announced Tuesday it was closing its cocoa processing plant in Savannah, eliminating 64 jobs.

Delta Air Lines is considering replacing Arthur Andersen LLC as its auditor after the accounting firm's reputation was badly tarnished by its role in the Enron scandal.

The Federal Reserve, which has pushed a key interest rate down to its lowest point in four decades, is expected to leave rates unchanged at a two-day meeting that winds up Wednesday.

Piccadilly Cafeterias Inc. reported net income of $1.027 million or 10 cents per share for the quarter that ended Dec. 31, its second straight quarter in the black after struggling with decreasing sales.

Elcor Corp.'s Cybershield unit will close its manufacturing facility in Canton, Ga., and consolidate all activities of the plant into the Lufkin, Texas, facility.

Two major financial services companies whose operations were disrupted by the Sept. 11 terrorist attacks plan to move large portions of their operations out of lower Manhattan.