Business News

Mortgage financier Freddie Mac took a step toward issuing common and preferred stock to help bolster its balance sheet Friday when it completed a filing with the Securities and Exchange Commission.

Starbucks Corp. has named all 600 company-owned stores it plans to close in a bid to boost its business and weed out unprofitable locations. || Ga. Store Closing List Inside

Securities regulators from several U.S. states on Thursday raided the St. Louis headquarters of Wachovia Securities, seeking documents and records on the company's sales practices.

Coca-Cola says second-quarter profit fell 23 percent as it took a one-time charge related to its bottler.