Business News

Layoffs at a plywood plant in Randolph County will cut deep, according to many residents in the area.

United Parcel Service Inc.'s custom brokerage unit Fritz plans to sell a division that performs work entirely for FedEx Corp. to that company's Tower Group International unit.

German electronics and electrical engineering giant Siemens AG has agreed to a multiyear partnership with HealthSouth Corp., a provider of outpatient surgery, diagnostic imaging and rehabilitative health care services.

United Parcel Service Incorporated's custom brokerage unit Fritz plans to sell a division that performs work entirely for FedEx Corporation to that company's Tower Group International unit.

Some Saginaw-area telephone callers dialing the United Parcel Service are instead getting connected with a sexy chat line.

WNEG-TV 32's parent company Media General today announced fourth-quarter and full year earnings.

Rates on 30-year mortgages rose for a second straight week, edging up above 7 percent, according to a nationwide survey released Thursday.

The European Union on Thursday approved the $23.6 billion merger of computer rivals Hewlett-Packard Co. with Compaq Computer Corp. without requiring divestments.

GB&T Bancshares, Inc., and HomeTown Bank of Villa Rica announced the signing of a non-binding Letter of Intent to merge HomeTown Bank into GB&T Bancshares network of financial companies.

Nucor Corp., the country's second-largest steel maker, said Thursday its fourth quarter profits fell by two-thirds as steel prices dropped due to the pressure of foreign imports and the recession.