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Today's Business Headlines from MSNBC.com
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Business
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Abbott agrees to acquire TheraSense
Abbott Laboratories Inc. said on Tuesday it has agreed to acquire diabetes test maker
TheraSense Inc. for $1.2 billion, taking advantage of a growing diabetes market in the
United States.
http://msnbc.msn.com/id/3945853/
Oil tops $35; OPEC calls for stability
World oil prices set fresh post-Iraq war highs on Tuesday as advancing cold weather
fueled concern over tight U.S. oil inventories.
http://msnbc.msn.com/id/3945876/
Wal-Mart audit shows labor abuses
An internal audit warned top executives at Wal-Mart Stores Inc. three years ago that
employee records at 128 stores showed extensive violations of child-labor laws and
state regulations, the New York Times said on Tuesday.
http://msnbc.msn.com/id/3945970/
Stocks move up ahead of earnings
Wall Street edged higher in choppy trading Monday, with investors making few moves as
they waited for companies to start reporting their fourth-quarter earnings this week.
http://msnbc.msn.com/id/3683270/
WashPost: Consumer debt grows at alarming pace
According to the latest figures from the Federal Reserve, America's consumer debt has
topped $2 trillion for the first time, continuing what debt experts view as an
alarming surge in recent years.
http://msnbc.msn.com/id/3939463/
Boeing, Lockheed locked in an aerospace dogfight
They didn't begin as rivals. Back in 1915, Boeing's founder, William Boeing, took
flying lessons from Glenn Martin. But history has placed these two powerhouses head to
head in the defense industry. By CNBC's Maya Kulycky
http://msnbc.msn.com/id/3939579/
KPMG announces leadership changes
Accounting firm KPMG LLP on Monday announced a shake-up in the leadership of its tax
division, which has been the target of IRS and congressional inquiries into the
promotion of potentially abusive tax shelters.
http://msnbc.msn.com/id/3941340/
Morgan Stanley fined for defaming LVMH
A Paris court on Monday found U.S. investment bank Morgan Stanley guilty of defaming
global luxury leader LVMH in a landmark ruling which, if upheld, could change the face
of investment research.
http://msnbc.msn.com/id/3938679/
Florio steps down as head of Conde Nast
Conde Nast Publications, a major magazine publisher with titles including the New
Yorker and Vanity Fair, announced Monday that Steven Florio is stepping down as chief
executive after 10 years at the helm.
http://msnbc.msn.com/id/3941401/
Pentagon probes defense firms' hiring
The U.S. Defense Department has launched an inquiry into high-level military officials
who have taken jobs at defense contractors over the past few years, prompted by
ethical problems at Boeing Co., the Wall Street Journal said on Monday.
http://msnbc.msn.com/id/3936900/
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