Business News

Newsweek magazine is offering early retirement packages to about 12 percent of its staff in an effort to cut costs during an advertising downturn.

P&O Princess Cruises PLC balked Monday at a sweetened takeover bid by Carnival Corp., the world's biggest cruise ship operator, dismissing the $5 billion offer as too low and likely to run aground on regulatory concerns.

Strong yields in cotton, soybeans and corn made 2001 a successful year for Alabama farmers, county agents said.

Willamette Industries said Monday it has agreed to a sweetened $6.1 billion takeover offer by rival Weyerhaeuser, ending 14 months of jockeying between the two timber giants.

Shaw Industries is now fully owned by billionaire Warren Buffett.

Gabriela Moreno Casados didn't have acceptable identification when she moved here from Mexico, so she couldn't open a bank account and had no safe or convenient place to keep her money.

Fleming today announced that Kmart did not make its regular weekly payment for delivery of food and other consumable products.

European Union regulators granted antitrust clearance Monday to agriculture group Cargill Inc.'s takeover of French starch producer Cerestar, but referred parts of the deal to British authorities for further scrutiny.

Delta Air Lines, Air France, Alitalia and CSA Czech Airlines received final approval from the U.S. Department of Transportation (DOT) for antitrust immunity agreements.

Internet retailer Amazon.com posted its first quarterly net profit ever in the fourth quarter, beating its own forecasts and Wall Street's expectations.