Business News

ImClone Systems Inc.'s woes mounted Friday and its stock tumbled to the lowest level in a year after the company disclosed two federal agencies are investigating the biotechnology firm.

Compaq Computer Corp. on Friday raised its estimates for earnings during 2002, saying that demand is strong for equipment and technical help.

None of the tickets sold for Friday's $12 million drawing matched all five lotto numbers and the Big Money Ball. The next drawing will be Tuesday, Jan. 29.

Lane Home Furnishings has issued a recall for 6.5 million cedar chests made between 1912 and 1987 because the locks on the chests are not childproof.

A German judge has sued the Coca-Cola Company, claiming the soft drink was partly responsible for his diabetes because he drank a liter per day along with his chocolate bars.

Bank of America is heading for a courtroom to answer to a lawsuit filed by NationsBank shareholders seeking up to six billion dollars in damages from the coast-to-coast bank.

Amtrak lost $1.1 billion in 2001, the most in its 30-year history, and has not made progress toward meeting Congress' goal of self-sufficiency.

Americans, showing amazing resilience during the recession, snapped up existing homes last year and pushed sales to an all-time high.

Augusta will be one of nine cities nationwide to receive service from Atlantic Southeast Airline's new 70-seat regional jets, company officials said Thursday.

California's largest utility hopes it can shake off state regulation in bankruptcy court Friday by convincing a federal judge to let it shift its power plants and transmission systems out of the state's control.