Business News

The collapse of Enron Corp. shows that government oversight of competitive power markets is still needed, says a Democratic senator whose energy legislation will be taken up by the Senate in coming weeks.

House conservatives want congressional Republicans to write a balanced budget this year, fearing that a round of big spending boosts will alienate voters the party needs this November.

Cellular carrier AT&T Wireless reported a fourth-quarter loss of $1.23 billion on Tuesday, blaming much of the loss on a $1.3 billion writedown related to the phasing out of its fixed wireless business. The results were worse than analysts expected.

Carried by its healthy business overseas, Coca-Cola Co. reported fourth-quarter earnings Tuesday that met expectations, but the beverage giant struggled with lingering poor sales in North America, its largest market.

Citizens Trust Bank and Atlanta mourns the
loss of one of the nation's most talented bankers and its former chief executive officer, I. Owen Funderburg.

Cellular phone service rivals AT&T Wireless and Cingular Wireless said Monday they will join forces to build faster wireless networks along major interstate routes in the West and Midwest.

The Wall Street Journal unveiled a new look for its Web site Monday but the rollout was plagued by technical glitches that hampered access for some users.

Billboards that change messages could switch faster under a bill passed by the Georgia House on Monday, but lawmakers shied away from a distance reduction that had garden clubs across the state fuming.

International fiber-optics network builder Global Crossing Ltd. filed for Chapter 11 bankruptcy protection on Monday, prompting the New York Stock Exchange to halt trading in the dot-com era high-flyer.

Spurred by low mortgage rates, Americans pushed sales of new homes up by 5.7 percent in December. That helped to make 2001 the best year on record for home sales, even as the country suffered through a recession.