Business News

Mirant Corporation reduced its profit forecast for 2002 a second time Wednesday.

Some victims' relatives are angry that a Georgia company is selling a commemorative medallion made with steel from the World Trade Center.

Beazer Homes USA Inc. agreed to acquire homebuilder Crossmann Communities Inc. in a cash-and-stock transaction the companies valued at about $603 million, including the assumption of debt.

Despite heavy losses in the aerospace industry caused by the Sept. 11 attacks, Boeing Co. plans to give bonuses to more than 80,000 employees for their work in 2001.

Even though the Fed opted to hold rates steady, it left the door open to further rate reductions if necessary.

Elan Corporation, plc. issued today the following statement on today's Wall Street Journal article dated January 30, 2002.

Shares in Irish drugmaker Elan Corp lost a quarter of their value and hit a two-year low on Wednesday as concerns over its accounting practices came sharply into focus in the wake of the Enron affair.

Some relatives of Sept. 11 victims are angry that a Georgia company is selling commemorative medallions made with steel from the World Trade Center.

AT&T Corp. reported a smaller fourth quarter loss, as the telecommunications giant continued to struggle with tough competition in the long-distance telephone market, its mainstay.

AOL Time Warner Inc. reported a net loss of $1.8 billion for its fourth quarter Wednesday as the world's largest media company wrote down the value of some of its investments.