Gasoline prices fell 0.2 cents in the last week to about $1.29 a gallon, the American Automobile Association said.
Kodak unveiled a product that allows snapshots to be stored on compact discs and played back on televisions with a Photo CD player.
T. Boone Pickens stepped down as chairman of the United Shareholders Association to "broaden our base" and "bring in new blood" and will be replaced Oct. 1 by Charles Cox, a former SEC member.
Oracle Systems, a California software company, said it will lay off about 400 people, or 10 percent of its U.S. work force, in an effort to cut costs.
The VA home loan guarantee program is vulnerable to "significant monetary losses," Stephen Trodden, inspector general of the Department of Veterans Affairs, told Congress.
Investors Financial Chairman Robert G. Butcher resigned, effective Jan. 1, citing changes in thrift industry law.
MCI will buy Overseas Telecommunications, a provider of satellite communications to 27 countries. Terms were not disclosed.
Prime Motor Inns filed for reorganization under Chapter 11 of the bankruptcy code. It disclosed that it had asked its secured bank group to restructure its debt, provide a $25 million loan and allow the company to retain a portion of the proceeds of asset sales.