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| Traffic Law | |
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Trouble at Tyco
Tyco International details pattern of improper and illegal activity by former management.
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Debt bubble
Swelling levels of borrowing might force an already squishy economy into a more punishing downturn.
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Chip pitches
Intel, AMD launch expensive ad campaigns.
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Business Briefing
Kmart Corp. posts $377 million lossNEW YORK - Shoppers continued to abandon Kmart Corp. this summer, leaving the retailer with a second-quarter loss of $377 million.The Troy, Mich.-based company, which filed for Chapter 11 bankruptcy reorganization on Jan. 22, said Monday that consumer reluctance to shop Kmart's 1,833 stores left it with $7.5 billion in sales for the three months ending July 31. That's a 15.6 percent drop from the same period last year.
(
Wire DataStream,
09/17/2002 03:01 AM EDT)
Stocks end mixed on war concerns
The Associated PressNEW YORK - Stocks ended mixed in light trading Monday, as skittish investors refrained from doing much buying amid earnings warnings season and growing prospects of a war with Iraq."The rhetoric of war continues," said Peter Cardillo, president and chief strategist of Global Partner Securities Inc. "It has become more a question of not if, but when, and that continues to move the market."
(
Wire DataStream,
09/17/2002 03:01 AM EDT)
Sallie Mae sued over consolidating student loans
The Associated PressWASHINGTON - A competitor of Sallie Mae on Monday sued the nation's largest holder of student loans, alleging that it improperly denied borrowers the right to consolidate education loans with the lender of their choice.
(
Wire DataStream,
09/17/2002 03:01 AM EDT)
Inventories continue to increase
The Associated PressWASHINGTON - For the third straight month, U.S. companies replenished their stockpiles in July, providing a bright spot for the struggling economic recovery.Supplies of unsold goods on shelves and back lots jumped by 0.4 percent in July from the previous month, lifting the value of inventories to a seasonally adjusted $1.1 trillion, the Commerce Department reported Monday.
(
Wire DataStream,
09/17/2002 03:01 AM EDT)
SEC investigating retirement perks of former GE chief
By Rich HarrisThe Associated PressHARTFORD, Conn. - The Securities and Exchange Commission has opened an inquiry into former General Electric chief Jack Welch's lavish retirement perks, which became public in divorce papers filed by his wife.GE said Monday it learned of the informal inquiry last week, after its board agreed to take back many of the benefits at Welch's request.
(
Wire DataStream,
09/17/2002 03:01 AM EDT)
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| TOP NATIONAL BUSINESS STORY |
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Hershey Board Won't Sell Candy Maker
Board members of the charitable trust that controls Hershey Foods Corp. said late Tuesday they would not sell the nation's largest candy maker after rejecting all offers.
PATRICK WALTERS / Associated Press Writer
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Education
Find out how to star in this section.
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BUSINESS UNUSUAL
Debt collection tactics out of control
Debt collectors in Hong Kong have been known to throw snakes or a swarm of grasshoppers into an apartment to hasten debt repayment, or to hang the carcasses of dogs and cats outside. Banks, credit card issuers, telecommunications companies and other lenders employ debt collectors who sometimes threaten the lives of debtors and innocent third parties.
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Boeing troubled despite no strike
The Boeing Co.'s largest union narrowly voted down a strike and its Machinist union-represented employees are reporting to work.
HELEN JUNG / AP Business Writer
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| Updated Wednesday, Sep 18, 2002 | |
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