Business News

Willamette Industries said Friday that the board has rejected Weyerhaeuser Company's $6.1 billion takeover bid as inadequate -- and has cut off discussions about a buyout.

Mediterranean Shipping Company, the world's fourth-largest container line with a major presence in Charleston, South Carolina, will begin serving Savannah next month, causing some uneasiness on the Charleston waterfront.

Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market.

Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market.

Stocks were mixed Friday, giving up some early gains as investors decided to collect profits from this week's high-tech rally.

Miller Brewing Company joins the growing market of alternative alcohol drinks targeted at younger consumers with the introduction of SKYY Blue.

Dynegy Inc. has settled a lawsuit with Enron Corp. subsidiaries and plans to acquire the Northern Natural Gas pipeline that was part of a dispute between the two energy companies.

BellSouth Corporation said Friday it had exceeded its 2001 goal of reaching 600,000 customers for its high-speed DSL Internet service.

The nation's unemployment rate climbed to 5.8 percent in December, highest in more than six years, as businesses cut 124,000 jobs and the year ended with the job market in the depths of recession.

Kmart Corp.'s share price has fallen 25 percent over two days after a key analyst downgraded the retailer's stock and said it might face bankruptcy.