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.
The Archer Daniels Midland Company announced today that it will discontinue operations indefinitely at its Savannah, Georgia cocoa processing plant, effective April 1, 2002.
General Motors Corp. management told hundreds of Oldsmobile dealers on Monday that it won't reverse its decision to kill the brand or sweeten the separation agreements with dealers.
Toys R Us Inc. plans to cut 1,900 jobs and to close 27 Toys R Us stores and 37 Kids R Us stores in a drive to cut costs and boost its operating profits.
Xerox Corp. reported Monday it lost $4 million in the fourth quarter, citing weak economic conditions that contributed to a 13 percent decline in revenue.
Tennessee has collected $61,000 in settlements against companies engaged in telemarketing since becoming the 13th state to pass a "don't-call" law, according to the Tennessee Regulatory Authority.
