Business News

A 17-year-old has agreed to turn over some $900,000 he allegedly swindled from investors in a sports betting scheme he ran on the Internet, the government announced.

The top contractor at the Savannah River Site wants permission to rearrange its work force in a move that could cause layoffs of 6 percent of the 13,500 workers at the former nuclear-weapons site.

Microsoft Corp. has unveiled its latest gadget for in-home entertainment -- a tablet-like device that is a cross between a handheld computer and a TV remote control.

The cost of the nation's health care rose 6.9 percent to $1.3 trillion in 2000 as Americans spent more on prescription drugs and hospital care, the government says.

As automakers look to strengthen their brands and stand out from the crowd, several new concept vehicles illustrate how companies are forging alliances outside the industry to accomplish their goals.

Embarrassed CNN executives on Monday yanked an on-air promotion that referred to anchorwoman Paula Zahn as ``sexy,'' accompanied by the sound effect of a zipper.

AOL Time Warner Inc. said Monday it would take a non-cash charge of up to $60 billion this quarter in order to comply with new accounting rules on how goodwill is measured.

Three years after rewriting the books on computer design and simplicity with the iMac, Apple Computer Inc. on Monday unveiled updated models with a flat-screen display, faster processor and a new look.

ABC replaced one of its top executives, Stu Bloomberg, and restructured its entertainment division Monday in the midst of a disastrous television season that has seen viewership plunge by 21 percent.

The government is taking first steps with the states to develop driver's licenses that can electronically store information -- such as fingerprints -- for the 184 million Americans who carry the cards.