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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
Dow: 9923.419922 -41.85
NASDAQ: 1908.319946 -40.53
S&P: 1060.180054 -9.12
AMEX: 1124.569946 -5.69
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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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_infobeatBIZ1.asp?/news/1003206.asp
Dow briefly breaches 10,000 level
Blue chips flirted with the psychologically important 10,000-point level after the Fed
announced its decision to keep interest rates at a 45-year low before pulling back and
wavering near the unchanged mark.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/158521.asp
Wholesale inventories jump in Oct.
Stocks at U.S. wholesalers rose more than forecast in October and sales surged at
their fastest pace in more than four years, a government report showed on Tuesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003164.asp
Manufacturers upbeat about economy
U.S. manufacturers are significantly more optimistic about the economic outlook for
the year ahead but still predict only minor jobs growth, an industry report showed on
Tuesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003165.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_infobeatBIZ1.asp?/news/1003200.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_infobeatBIZ1.asp?/news/1003168.asp
Freddie Mac may pay $100 million
U.S. regulators probing Freddie Mac are seeking $100 million or more from the company
in settlement of possible civil charges resulting from an accounting scandal, The Wall
Street Journal said on Tuesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003115.asp
Washington Mutual slashes outlook
Washington Mutual Inc. Tuesday slashed its earnings outlook and said it would cut
2,900 jobs by early next year because mortgage demand has fallen dramatically.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003239.asp
SBC announces more job cuts
SBC Communications Inc., the nation's second-largest telecommunications company,
Tuesday said it will cut 3,000 to 4,000 jobs before the end of the year.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003166.asp
Hewlett-Packard to reorganize units
Hewlett-Packard Co. is expected to say on Tuesday that it is reorganizing the way it
sells computers and services to corporate customers to spur growth, The Wall Street
Journal reported.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003112.asp
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