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Today's Business Headlines from MSNBC.com
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Business
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Dollar rebounds against the yen
The dollar staged a sharp rebound from recent three-year lows on the yen and life lows
on the euro on Wednesday and traders said they strongly suspected Japanese yen-selling
intervention was behind the move.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/1003545.asp
Strong demand for luxury homes
Luxury home builder Toll Brothers Inc. said on Wednesday its quarterly earnings rose
35 percent thanks to a jump in contracts, beating Wall Street's expectations.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/1003544.asp
Freddie Mac will pay $125 million
Mortgage-finance giant Freddie Mac has agreed to pay $125 million to settle a federal
inquiry into management lapses that led to the company underreporting $5 billion in
earnings, the Washington Post reported Wednesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/1003541.asp
Fed leaves interest rates unchanged
Central bankers left short-term interest rates unchanged Tuesday at the lowest level
in 45 years and reiterated their intention to keep rates low for a "considerable
period."
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/1003206.asp
Fewer homeowners miss payments
Fewer homeowners were behind on their mortgages payments in the last quarter as an
improving economy helped to take pressure off household budgets.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/1003271.asp
America Online cutting 450 jobs
America Online is laying off 450 people, or 2 percent of its work force, as the
struggling Internet service provider consolidates its software development operations
in California.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/1003300.asp
Scrushy lawyers attack new law
Attorneys for ex-HealthSouth chief Richard Scrushy said Tuesday they will challenge a
federal law aimed at false corporate reports and used for the first time in a massive
accounting fraud case.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/1003200.asp
Get ready for more 'pre-movie' ads
One big theater chain is trying to take "pre-show" advertising to a new level, and the
rest of the industry is likely to follow. By CNBC's Jerry Cobb.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/1003191.asp
Abercrombie's catalogs are no more
Abercrombie & Fitch Tuesday said it would retire its quarterly catalog, which draws
regular protests because of its racy photos of scantily clad and sometimes naked young
men and women.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/1003418.asp
Northeast blizzard hurts store traffic
A massive blizzard that swept through the Northeastern United States halted chain
store sales and forced shoppers online, a report said Tuesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ.asp?/news/1003168.asp
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