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Today's Business Headlines - Market Close from MSNBC.com
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Business
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FT: Ellison's leadership at Oracle reined in
Larry Ellison's controversial leadership of Oracle was effectively reined in on Monday
as the software company announced an unexpected shake-up in its senior management.
http://msnbc.msn.com/id/3947416/
SEC finds mutual fund abuses at 13 firms
The U.S. Securities and Exchange Commission said on Tuesday it found mutual fund share
sale abuses at 13 of 15 Wall Street brokerages targeted in a probe.
http://msnbc.msn.com/id/3948571/
Stocks slide as investors wait for earnings
Stocks slipped Tuesday, with the Dow industrials losing more than 50 points, as
investors locked in profits on worries that fourth-quarter earnings might not meet
heightened expectations.
http://msnbc.msn.com/id/3683270/
Kellogg's, General Mills locked in food fight
By most accounts, the breakfast cereal market is saturated - and soggy. So the
industry's two titans , Kellogg's and General Mills, have each branched out. In
addition to breakfast cereals, the food fight now includes toaster snacks, yogurt,
granola bars, waffles, cookies, crackers, cakes, and dinner rolls. By CNBC's Tom
Costello.
http://msnbc.msn.com/id/3947382/
Greenspan wary of rising protectionism
German Chancellor Gerhard Schroeder and U.S. Federal Reserve Chairman Alan Greenspan
discussed the euro's recent surge against the dollar - a rise that many think could
dampen European economic growth.
http://msnbc.msn.com/id/3947089/
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/
U.S. telecom firms ink deals with China
U.S. telecommunications companies on Tuesday signed $1.4 billion worth of deals to
supply equipment and technology to China.
http://msnbc.msn.com/id/3939505/
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/
Subaru modifies Outback to make a truck
Subaru is modifying its Outback sedan and wagon to meet the specifications of a light
truck, a classification with less stringent fuel and emissions standards than for cars.
http://msnbc.msn.com/id/3948928/
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/
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