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Today's Business Headlines from MSNBC.com
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Business
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Freddie Mac overstated 2001 results
U.S. mortgage finance company Freddie Mac is expected to say it overstated 2001
earnings by as much as $1 billion, The Wall Street Journal reported on Thursday,
citing people familiar with the situation.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/995956.asp
Ethanol: Boon or boondoggle?
Is ethanol a boon or boondoggle? Touted by industry proponents as a solution to
dependence on foreign oil, this corn-based fuel has been attacked by critics as a
waste of both money and energy. -- By John. W. Schoen.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/995660.asp
Oil seen at $30 a barrel for winter
Robust U.S. gasoline demand could help light sweet crude oil futures stay above $30
per barrel this winter, the government said on Wednesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/995668.asp
House passes mutual fund legislation
Even as more mutual fund companies were cited by authorities in a widening probe into
trading abuses, the House of Representatives voted overwhelmingly Wednesday to approve
broad new legislation for the fund industry.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/995217.asp
Stocks close moderately higher
Buyers surfaced on Wall Street Wednesday, bidding shares moderately higher following a
stronger-than-expected report on housing construction.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/158521.asp
H-P beats 4th-quarter earnings mark
H-P's earnings inched past Wall Street estimates Tuesday as the computer giant
reported strong sales in its traditional printing market and growth in technology
services for corporate customers.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/995743.asp
Bertelsmann chairman resigns
The chairman of Bertelsmann's supervisory board announced his resignation Wednesday
after clashing with the German media giant's CEO.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/995853.asp
Prius named 'Car of the Year'
The Toyota Prius hybrid has claimed the honor of 2004 Car of the Year from Motor Trend
magazine.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/995843.asp
WashPost: Dean calls for new business controls
After years of government deregulation major industries, Democratic presidential
candidate Howard Dean is proposing a significant reversal: a comprehensive
"re-regulation" of U.S. businesses.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/995462.asp
Blackout report faults FirstEnergy
The nation's worst blackout began with three power line failures in Ohio and should
have been contained by operators at FirstEnergy Corp., a three-month government
investigation concluded Wednesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/995519.asp
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