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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
Dow: 9768.679688 -69.26
NASDAQ: 1930.260010 -37.09
S&P: 1050.349976 -8.06
AMEX: 1073.170044 -4.49
Wall Street Watch: Complete coverage
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/COMTOPLEVELMARK_Front.asp
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Business
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Exxon hit with massive penalty
A state jury returned an $11.9 billion judgment against Exxon Mobil Corp. on Friday in
Alabama's suit over disputed natural gas royalties. The company plans to appeal.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993662.asp
Stock markets trade lower
Wall Street moved lower Friday as investors sifted through a series of downbeat
economic reports.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/158521.asp
U.S. retail sales slip
America's shoppers tightened their belts in October, depressing sales at the nation's
retailers by 0.3 percent, the second month in a row that sales declined, the
government reported Friday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993533.asp
Consumer confidence jumps in Nov.
U.S. consumer confidence surged more than expected in November, market sources said on
Friday, boosted by recent job growth and a stronger stock market.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993580.asp
Schwab uncovers improper trading
Charles Schwab Corp. Friday said it had found that "a small number of parties" were
allowed to trade rapidly in and out of its mutual funds to rack up profits at the
expense of other investors.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993601.asp
Greenspan: Expect a murky economy
Federal Reserve Chairman Alan Greenspan said Friday that monetary policymakers face
the inescapable fact that they must make decisions in a world of uncertainty.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993583.asp
SEC reaches agreement with Putnam
The Securities and Exchange Commission said Thursday it had reached a settlement with
Putnam Investments under which the company will undertake significant reforms and
agreed to a process for repaying investors harmed by excessive market timing.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993249.asp
Ex-Dynegy exec convicted of fraud
A federal jury convicted a former Dynegy Inc. executive of fraud and conspiracy
stemming from a 2001 natural gas deal prosecutors said helped the company improperly
boost cash flow and reduce its taxes.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993512.asp
Enron bankruptcy costs may hit $1B
Executives from failed energy giant Enron say its total legal and accounting costs
since declaring bankruptcy may top $1 billion by 2006, according to a newspaper report.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993528.asp
Newsweek: New jobs, at lower wages
New reports show jobs are finally being added to the economy. But many of them pay
less than those that were lost.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993344.asp
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