Wednesday March 12th, 2025 1:34AM

Business News

Savannah cocoa processing plant closing
Archer Daniels Midland Co. announced Tuesday it was closing its cocoa processing plant in Savannah, eliminating 64 jobs.
6:53PM ( 23 years ago )
Delta considers replacing Arthur Andersen as auditor
Delta Air Lines is considering replacing Arthur Andersen LLC as its auditor after the accounting firm's reputation was badly tarnished by its role in the Enron scandal.
6:04PM ( 23 years ago )
Fed expected to call cease-fire on rate cuts with economy showing signs of rebound
The Federal Reserve, which has pushed a key interest rate down to its lowest point in four decades, is expected to leave rates unchanged at a two-day meeting that winds up Wednesday.
3:52PM ( 23 years ago )
Improved earnings for Cafeteria chain
Piccadilly Cafeterias Inc. reported net income of $1.027 million or 10 cents per share for the quarter that ended Dec. 31, its second straight quarter in the black after struggling with decreasing sales.
2:02PM ( 23 years ago )
Elcor to close Canton, Ga. manufacturing plant
Elcor Corp.'s Cybershield unit will close its manufacturing facility in Canton, Ga., and consolidate all activities of the plant into the Lufkin, Texas, facility.
12:04PM ( 23 years ago )
Morgan Stanley, Goldman Sachs plan to move large portions of operations out of NYC
Two major financial services companies whose operations were disrupted by the Sept. 11 terrorist attacks plan to move large portions of their operations out of lower Manhattan.
11:26AM ( 23 years ago )
Reorganization expert new Enron CEO
Embattled Enron Corp.'s board on Tuesday selected a reorganization expert to guide it through the largest bankruptcy in history.
11:21AM ( 23 years ago )
Consumer confidence improves in January
Consumer confidence improved for the second consecutive month in January, lifted by increased optimism about jobs and the economy.

10:48AM ( 23 years ago )
Bush says he won't disclose to Congress his consultations with business executives on energy policy
President Bush told congressional leaders "very strongly" Tuesday that he will not give congressional investigators the names of business executives with whom he discussed energy policy, House Speaker Dennis Hastert said.
9:41AM ( 23 years ago )
Global Crossing files for bankruptcy in one of largest corporate failures
Investors still stunned by the swift financial plunges by Enron Corp. and Kmart Corp. got more bad news as Global Crossing Ltd. filed for bankruptcy in one of the largest corporate failures ever.
9:40AM ( 23 years ago )