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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10450.00 +125.33
NASDAQ: 2006.48 +33.34
S&P 500: 1109.48 +13.59
AMEX: 1171.14 +5.19
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks add to gains; Nasdaq clears 2,000
The Nasdaq composite index burst past the 2,000 milestone Monday, and the Dow Jones
industrials surged more than 120 points as investors shook off concerns about the
impact of mad cow disease and looked optimistically toward 2004.
http://msnbc.msn.com/id/3683270/
Import bans could hurt U.S. beef industry
Though American consumers apparently haven't lost their appetite for beef, dozens of
countries continue to ban U.S. beef imports after the discovery of a single case of
mad cow disease last week. By John W. Schoen.
http://msnbc.msn.com/id/3831593/
Parmalat founder held
Prosecutors asked a judge Monday to confirm the arrest of Parmalat's founder and
former CEO after they accused him of market rigging, fraudulent bankruptcy and making
false statements to auditors to hide a multi-billion dollar hole in the dairy
company's balance sheet.
http://msnbc.msn.com/id/3828816/
Tyco seeks $3 billion in cuts
Tyco is pursuing at least $3bn in cost savings and working capital improvements over
the next three years, according to David FitzPatrick, chief financial officer of the
US conglomerate.
http://msnbc.msn.com/id/3829265/
Euro hits new record high against the dollar
The euro climbed above $1.25 for the first time Monday as it resumed its rise against
the U.S. dollar in thin post-Christmas trading.
http://msnbc.msn.com/id/3830032/
White House proposes tax-shelter revamp
Lawyers, accountants and other tax advisers would be required to take certain steps
when weighing in on a client's use of a tax shelter, the Bush administration proposed
Monday in its latest effort to crack down on dubious tax-avoidance schemes.
http://msnbc.msn.com/id/3831904/
Japan to write off majority of Iraq debt
Japan's prime minister pledged Monday to forgive "the vast majority" of its Iraqi
debt if other Paris Club nations do the same. China later said it would consider the
idea.
http://msnbc.msn.com/id/3826476/
Lehman buying Le Meridien hotels
U.S. investment bank Lehman Brothers is set to take over troubled British hotel group
Le Meridien this week in a 700 million pound ($1.24 billion) deal, a source close to
the situation said Monday.
http://msnbc.msn.com/id/3830042/
PetroChina, PTTEP in talks for Thai Shell
Thailand's PTT Exploration and Production PCL and China's biggest oil producer,
PetroChina, are in final talks with Royal Dutch/Shell for its exploration and
production assets in Thailand, Thai officials said Monday.
http://msnbc.msn.com/id/3830028/
Dell CEO sees tech spending up in '04
The world's largest personal computer maker, Dell Inc., expects large companies to
resume spending on information technology in 2004, Chief Executive Michael Dell was
quoted as saying on Monday.
http://msnbc.msn.com/id/3830889/
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