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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10538.37 +111.19
NASDAQ: 2111.13 +14.69
S&P 500: 1130.52 +9.30
AMEX: 1199.44 -2.61
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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JP Morgan to buy Bank One for $60 bln -WSJ
J.P. Morgan Chase & Co. has agreed to buy Bank One Corp. for about $60 billion, the
Wall Street Journal's online edition said on Wednesday, citing a person familiar with
the matter.
http://msnbc.msn.com/id/3959595/
Former Enron executive pleads guilty
Former Enron finance chief Andrew S. Fastow has pleaded guilty to two counts of fraud,
and hsa agreed to cooperate with prosecutors, a move that could break open the
investigation into the failed energy giant's top management.
http://msnbc.msn.com/id/3951358/
Stocks surge on good economic news
Positive economic data sent stocks mostly higher Wednesday, although many investors
were looking to earnings reports due later in the day for possible clues about Wall
Street's direction.
http://msnbc.msn.com/id/3683270/
Economic recovery on track, Fed says in report
The economy was continuing to rebound as the new year began with many regions of the
country reporting that retailers enjoyed a boost from a rush of last-minute holiday
shopping, the Federal Reserve said Wednesday.
http://msnbc.msn.com/id/3958241/
N.Y. natural gas prices hit record highs
Bitter cold weather moving into the U.S. Northeast Wednesday drove wholesale natural
gas prices in New York to their highest levels ever, as businesses and homeowners
cranked up their furnaces to fend off the chill.
http://msnbc.msn.com/id/3958515/
SEC proposes code for investment firms
Responding to the mutual fund scandal, federal regulators proposed Wednesday that
investment firms that advise the funds adopt ethics codes spelling out standards of
conduct and mandating the reporting of personal trading.
http://msnbc.msn.com/id/3958005/
AT&T Wireless, Cingular in merger talks
Cingular Wireless's interest in acquiring AT&T Wireless Services Inc. has intensified
and it has the backing of its two parent companies to fund a purchase, sources
familiar with the situation said on Wednesday.
http://msnbc.msn.com/id/3955888/
Second phase of Wal-Mart trial begins
Wal-Mart workers were forced to stay late without being paid overtime, sometimes
locked inside stores until other workers completed their jobs and then told to pitch
in off the clock, an attorney for 134 former employees told a jury considering how
much the retail giant should pay in damages.
http://msnbc.msn.com/id/3958230/
Wife of ex-Parmalat CFO reportedly arrested
Police investigating a multi-billion euro accounting scandal at food group Parmalat on
Wednesday arrested the wife of former CFO Fausto Tonna on suspicion of money
laundering, a judicial source said.
http://msnbc.msn.com/id/3958535/
KB Toys follows FAO into bankruptcy
Toy retailer KB Toys Inc. on Wednesday filed for bankruptcy on the heels of a soft
holiday shopping season wrought by harsh competition from bigger rivals, according to
court papers.
http://msnbc.msn.com/id/3956095/
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