Business News

French fashion great Yves Saint Laurent, whose name has been synonymous with the heights of haute couture for decades, is expected to announce his retirement Monday.

Argentina's lower house of Congress gave approval late Saturday to an emergency economic plan.

European Union officials on Saturday warned that retailers were reporting problems providing change for the continent's new single currency.

State Farm Mutual Automobile Insurance Co. has agreed to a $250 million settlement in which it must pay as many as 700,000 Georgia motorists for the lost value of cars damaged in collisions.

Hundreds of people who bought Microsoft's hot new Xbox gaming console over the holidays received defective systems, and some said they had to wait weeks and endure shoddy customer service before their systems were fixed.

DaimlerChrysler AG said it expects to post an operating profit of about 1.2 billion euros ($1.08 billion) for 2001, sharply below the previous year.

Long-distance carrier AT&T Corp. announced it will cut another 5,000 jobs and take a related $1 billion fourth-quarter restructuring charge to cover the cost of those staff cuts.

Service Merchandise Co. Inc., a 42-year-old home-and-jewelry specialty chain that has operated under Chapter 11 bankruptcy protection since March 1999, announced Friday that it is going out of business.

Officials with Carmike Cinemas say the national movie theater chain should emerge from Chapter 11 bankruptcy reorganization within two weeks.

Mediterranean Shipping Company, the world's fourth-largest container line with a major presence in Charleston, South Carolina, will begin serving Savannah.