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Xerox Corp. announced a loss of $198 million during its fourth quarter. During the same period last year, the company announced profits of $294 million. The company's executives still believe the firm is on track in its turnaround. The company plans layoffs of 4,000 in an attempt to cut costs and also plans an asset sale, hoping to raise $2-4 billion.

Major stock market averages moved lower yesterday, dragged down by financial service and bank stocks and by a big decline in Microsoft, as it slumped on reports that it remained [...]

INVESTORS in a tizzy about rising interest rates should get a grip. The chances are that the cost of money will rise for a long, long time, says James Grant, […]

WHEN the leaders of the Group of 8 industrial nations meet this week, financial markets are likely to be most interested in what isn't discussed. President Bush will be host […]

For weeks, the stock market has been fretting that the Federal Reserve will raise short-term interest rates. The Fed won't hold its next rate-setting meeting until late June, but the […]

The Securities and Exchange Commission said yesterday that it had settled securities fraud charges with the Warnaco Group, the apparel company, and PricewaterhouseCoopers, its auditor, in connection with a suspected […]

Deciding they are better off together than apart, Martha Stewart Living Omnimedia and Kmart reconciled yesterday, ending a lawsuit and reaching a new deal to sell goods by Ms. Stewart. […]

In a development that analysts said reflected continuing political turmoil and infighting at the Coca-Cola Company, Deval L. Patrick, the general counsel for three years, has resigned, the company said. […]

The General Electric Company said yesterday that its first-quarter earnings rose, aided by a rebound in orders at some of its industrial units as well as recent acquisitions in businesses […]

John B. Evans, a former senior executive at the News Corporation, died on March 28 at his home in Annandale, N.J. He was 66. The cause was congestive heart failure, […]

CORPORATE earnings reports, the scorecard of capitalism, will start appearing in the next couple of weeks, as companies disclose their first-quarter results. Joseph Cooper, a research analyst at Thomson First […]

OVER the last three years, Yahoo, the Web portal and Internet provider, has become a major factor in the Internet search-engine business. As recently as 2000, the company's search revenue […]

FOUR years ago, Bristol-Myers Squibb started a study pitting Pravachol, its cholesterol-lowering drug, against Lipitor, which is owned by Pfizer. Bristol was betting that the study would show that the […]

LAST week, California voters approved a plan to deal with the state's budget deficit by selling $15 billion worth of new bonds. William M. Fitzgerald, director of the fixed-income investment […]

Two former directors of the Walt Disney Company, including a nephew of the company's founder, pursued their campaign yesterday to oust Michael D. Eisner, Disney's chairman and chief executive, and […]

ALAN GREENSPAN, the chairman of the Federal Reserve, focused public attention last week on Fannie Mae and Freddie Mac, the giants of the home mortgage market. In testimony before the […]

MUCH to the surprise of analysts who watch corporate insiders' stock trades, the market has moved steadily higher since last summer, even though insider sales have far outnumbered purchases. Jonathan […]

THE Comcast Corporation has offered more than $50 billion for the Walt Disney Company. If Comcast is successful, it would become the world's biggest media company. Tom Wolzien, a media […]

Harold Shapinsky, an Abstract Expressionist whose paintings remained largely unappreciated until late in his career, died on Jan. 31 in Rockville, Md. He was 78. The cause was complications from […]

FOR the first time since the late 1990's, the banking industry seems to be bitten by the merger bug. Over the last few months, Bank of America has announced that […]

Mary A. Gardner, a journalism professor whose teaching had a strong influence on contemporary journalism in Mexico and Latin America, died Jan. 22 in East Lansing, Mich., her sister-in-law, Donna […]

Merwin Bayer, a former president and chief executive of the Arnold Constable Corporation, the operator of what was long one of New York's finest luxury department stores, died Jan. 22 […]

AFTER a few very tough years, shares of chemical producers have been flourishing. The Standard & Poor's 500 Chemicals index is up by more than 30 percent over the last […]