Motorola shares dip

        Motorola Inc.'s already-ailing stock crumbled 20 percent to an eight-year low Friday, going into steep decline after a Wall Street brokerage indicated it expects the company's situation to get worse before it gets better.

        Shares in the cell-phone and semiconductor giant tumbled $3.45 to $11.50 Friday, the lowest since April 1993 even when adjusted for stock splits, in extremely heavy trading on the New York Stock Exchange.

Fed boss urges learning

        Helping Americans — especially young ones — understand basic concepts about budgeting and saving should prevent them from making bad financial decisions, Federal Reserve Chairman Alan Greenspan said Friday.

        “Improving basic financial education at the elementary and secondary school level is essential to providing a foundation for financial literacy,” Mr. Greenspan said in a speech in Washington to a Fed-sponsored conference on community development.
       

Bank One to pay $45M

        Bank One Corp. has agreed to pay $45 million to settle a class-action lawsuit filed on behalf of shareholders.

        The lawsuit alleged the bank misled shareholders about the financial standing of the credit-card unit, First USA. Problems with flawed marketing and business strategies that sent customers fleeing emerged in August 1999, prompting Bank One's stock to plummet.

Delphi idles 1,100 more

        Delphi Automotive Systems Corp., the largest auto-parts maker, said it will idle about 1,100 workers for a week starting Monday because automakers are reducing production as U.S. car sales slow.

        The layoffs follow 1,000 workers furloughed for this week, Next week's move includes about 400 workers in Ohio, 250 in Indiana, 200 in Mississippi, 150 in Alabama and 100 in Michigan. The others are at a plant in Wisconsin.
       

TWA gets unions' waivers

        Just days before its asset sale to AMR Corp.'s American Airlines is expected to close, TWA has reached an agreement on contract waivers with its largest union.

        TWA needed the agreement with the International Association of Machinists and Aerospace Workers, which represents the vast majority of TWA's 20,000 workers, for the deal to close.
       

EU investigates Intel marketing

        European competition officials confirmed in Brussels on Friday they are investigating allegations that Intel Corp. abused its position as the world's leading computer chip maker to keep rivals from winning market share.

        Intel said it has acted fairly and was cooperating with the investigation.

Computer-training firm closes
Jobless rate reaches 4.3% for March
P&G struggles to regain Crest's toothpaste lead
Largest Calif. utility is broke
Alternative Minimum Tax could cost you
Alluring PT Cruiser flirts with a ragtop
Firstar Center wants lawsuit considered
HIGGINS: Personal finance
Mattel shuts U.S. plant
Savvy strategies
Your tax questions
Business Digest
Tristate Business Summary
What's the Buzz?