Business News

Allstate Insurance Company has agreed to pay about $59 million to settle a class-action lawsuit filed by Georgia auto policy customers over the company's failure to pay for the diminished value of their vehicles after accidents.

An energy company is suing accounting firm Arthur Andersen, alleging fraud and negligence in the wake of the collapse of Enron Corp.

General Motors Corp. earned $255 million or 60 cents a share in the fourth quarter of 2001, beating Wall Street expectations, the automaker reported Wednesday.

Consumer prices edged down by 0.2 percent in December, capping a year in which inflation was at its lowest since 1998, the government reported Wednesday.

A federal appeals court ruled that a judge did not have enough information when he ruled that baggage-size frames used to weed out oversized carry-on luggage at Dulles International Airport illegally restricted competition among carriers.

Today Hooters of America, Inc. announces the opening of the "nearly world famous" restaurant chain's 300th location.

Delta Air Lines today announced two airport baggage procedures to help the airline achieve 100 percent checked baggage screening, a requirement of the Aviation and transportation Security Act.

Friedman's Inc., one of the leading retailers of fine jewelry in the United States, today announced record financial results for its first fiscal quarter ended December 29, 2001.

Analysts expect that Kmart, the nation's third largest discounter behind Wal-Mart Stores Inc. and Target Corp., could close as many as 200 to 400 of its approximately 2,100 stores.

Four people have sued a Waffle House restaurant in federal court, accusing employees and security of racial discrimination and mistreatment.