Business News

The problems that plagued shares of Irish drug maker Elan Corp. PLC in Europe didn't find any respite in New York as the stock traded down sharply Friday.

For workers, the lesson of Enron's collapse is supposed to be that they shouldn't put all their retirement eggs in one basket of stock. But that is a lesson some of the nation's biggest companies and their employees have all but ignored.

O'Hare International Airport has reclaimed its title as the world's busiest airport, according the Federal Aviation Administration.

The U.S. trade deficit narrowed to $27.9 billion in November as oil imports fell to the lowest level in more than two years, the government said Friday.

Even Christmas cheer couldn't brighten the spirits of the personal computer industry, which suffered through a disastrous 2001.

Enron Corp.'s collapse was just the latest in a series of horrific accounting failures at big companies, the chairman of the Securities and Exchange Commission said.

Wall Street was hoping Microsoft would revise its earnings expectations upward and was disappointed to see guidance remain the same.

Delta Air Lines revises fleet strategy and will defer delivery of new aircraft and accelerate the planned retirement of Boeing 727's.

DaimlerChrysler AG announced it would begin repairing minivans that were recalled last year to fix leaky fuel seals.

American Airlines' parent company says it will return as many as 30 Boeing 717s that had been part of the TWA fleet.