Business News

CNN plans to scrap the struggling CNN-Sports Illustrated and replace it with a new cable network, which will be operated with the NBA.

SunTrust Banks, Inc. today reported record operating income for the fourth quarter of 2001 of $356.7 million, up 7% from the fourth quarter of 2000.

Best Buy Inc. raised its fourth-quarter profit estimate Wednesday, as it reported better-than-expected holiday results, fueled by strong sales of digital and video gaming products.

Energy Secretary Spencer Abraham on Wednesday announced a new partnership between the federal government and domestic automakers to promote the development of fuel cell vehicles.

Future Wendy's commercials will carry on the homespun tradition that founder Dave Thomas used to help turn the hamburger chain into one of the world's top fast-food enterprises.

Merrill Lynch & Co., the nation's biggest brokerage firm, said it has cut 9,000 jobs, or nearly 14 percent of its work force.

Victor's Secret is closing its store at Underground Atlanta after 12 years. A spokeswoman for Victoria's Secret says the store will close January 19th for financial reasons.

The Federal Home Loan Bank of Atlanta is awarding $13.6 million in Affordable Housing Program grants in ten states.

The Savannah Morning News has broken ground on a new 145,000-square-foot production facility that newspaper officials say will meet advertiser demands and get the paper to readers earlier in the day.

Enron Corp. representatives met six times with Vice President Dick Cheney or his aides on the nation's energy policy, including a discussion in mid-October just before the company's sudden collapse.