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Today's Business Headlines from MSNBC.com
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Oil rallies on Iraq war fears
A sharp rally in oil prices gathered pace on Tuesday as a storm threatening oil output
and shipping in the Gulf of Mexico added to worries over the impact of any U.S.-led
attack on Iraq.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/812172.asp
Sprint to cut deadbeat subscribers
In a striking sign of weakness in the wireless-telecommunications industry, Sprint
Corp. said that so many customers have failed to pay their bills that it is expecting
to actually shed subscribers.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/812169.asp
Feds probe Xerox for misstatements
Federal authorities have opened an inquiry into whether to file criminal charges
related to the massive misstatement of earnings at Xerox Corp., deepening the scrutiny
of events that led to a financial restatement by the copier giant earlier this year.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/812167.asp
Fed seen leaving interest rates steady
U.S. central bankers are expected to leave interest rates unchanged Tuesday despite
growing concerns about the fading economic recovery. By Martin Wolk.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/811820.asp
Ex-Adelphia executives indicted
Adelphia Communications Corp. founder John J. Rigas, two sons and two other former
executives were indicted Monday on charges that included conspiracy, securities fraud
and wire fraud.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/811816.asp
Leading indicators fall again
A key gauge of U.S. economic activity fell for the third consecutive month in August,
declining more than experts had predicted.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/811749.asp
Did Tyco board know about pay?
Though the board of Tyco International has said that it was unaware of the extravagant
pay and loans given to top executives, minutes of the board's compensation committee
show it knew of many of the payments months before the board took steps to disclose
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/811710.asp
Philip Morris sues Internet sites
Philip Morris on Monday said it filed eight lawsuits aimed at stopping sellers of
cigarettes over the Internet from using Philip Morris trademarks.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/811757.asp
Salomon hit with $5 million fine
NASD Monday said it fined Salomon Smith Barney $5 million for issuing misleading
research reports and said it has filed a separate complaint against its former
telecommunications analyst, Jack Grubman.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/811839.asp
Airlines lobby for more public aid
The nation's big airlines are preparing to ask the federal government for a new round
of emergency financial help, as the industry deteriorates further amid weak passenger
traffic and rising fuel costs.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/811709.asp
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