Delta Air Lines and Southwest Airlines will scale back seating-capacity plans for next year on mounting concern over high oil prices and a weakening United States economy. Read more..

By BLOOMBERG NEWS - The New York Times

As Activision prepares to join forces with Vivendi Games, its chief executive faces an industry in transition. Read more..

By MATT RICHTEL - The New York Times

The Cordis Corporation, a subsidiary of Johnson & Johnson, has begun the first attempt by a medical device maker to market a heart stent directly to consumers. Read more..

By BARNABY J. FEDER - The New York Times

ArcelorMittal, the world’s largest steel maker, will spend up to $1.75 billion to buy the rest of its Brazilian specialty steel unit. The company also agreed to buy the British steel distributor NSD. Separately, ArcelorMittal said its chairman, Jo... Read more..

By AP - The New York Times

When the director Michael Moore moved to northern Michigan from New York City in 2002, the marquee of the State Theater was a sullen space. But not anymore. Read more..

By KEITH SCHNEIDER - The New York Times

The advisory committee voted that Genentech’s drug Avastin should not be approved as a treatment for breast cancer. It is already on the market as a treatment for lung and colon cancer. Read more..

By ANDREW POLLACK - The New York Times

The sudden flight from a Florida investment pool points to a broader uncertainty among officials in other states over how far the credit and mortgage crisis might spread. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

;Tamir Fishman, an Israeli venture capital fund, and the European Bank for Reconstruction and Development pulled out of a Russian investment project after a Russian partner boasted in a newspaper interview that he had backing from the F.S.B., the ... Read more..

By ANDREW E. KRAMER - The New York Times

The Senate gave overwhelming approval to a trade agreement with Peru, with most Democrats joining nearly all Republicans in handing President Bush an unusual victory. Read more..

By STEVEN R. WEISMAN - The New York Times

In a contrite blog post, Mark Zuckerberg, the founder of Facebook, says his company has mishandled its Beacon system, which tells people’s friends about what they bought on line. The company has added a way to opt out. Read more..

By SAUL HANSELL - The New York Times