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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10600.51 +46.66
NASDAQ: 2140.46 +31.38
S&P 500: 1139.83 +7.78
AMEX: 1183.74 -2.19
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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African-Americans' savings fall short
A new report points to a stark economic divide that still exists between African
Americans and whites in the United States. From income to homeownership to household
wealth, blacks continue to lag behind whites. By CNBC's Sharon Epperson.
http://msnbc.msn.com/id/3999178/
France Telecom to cut 14,500 positions worldwide
France Telecom said on Monday it will cut about 14,500 positions through early
retirement or reassignment to other public companies in 2004 as the former monopoly
pushes ahead with its massive restructuring.
http://msnbc.msn.com/id/3999919/
Former Parmalat director is jailed
A banker who had served on Parmalat's board of directors was jailed Monday on charges
of criminal association and fraudulent bankruptcy, widening the fallout from the food
company's fraud scandal.
http://msnbc.msn.com/id/4001113/
JAL cancels flights due to engine cracks
Japan Air System (JAS), a unit of Japan Airlines System Corp, cancelled 120 domestic
flights on Monday after it found cracks in engines made by Pratt & Whitney, a
spokesman for the Japan Airlines (JAL) group said.
http://msnbc.msn.com/id/3999104/
IBM memos detail overseas jobs savings
IBM expects to save $168 million annually starting in 2006 by moving several thousand
high-paying programming jobs abroad, according to internal company documents obtained
by The Wall Street Journal.
http://msnbc.msn.com/id/3999589/
Earnings seen guiding Wall Street
With an absence of any significant economic news to guide it this holiday-shortened
week, Wall Street will take its bearing from a flood of fourth-quarter earnings
reports as earnings reporting season kicks into high gear after getting off to a solid
start last week.
http://msnbc.msn.com/id/3981940/
Newsweek: Nike's Short Game
The swoosh is everywhere. So how does the sports giant market itself as an upstart?
Think small
http://msnbc.msn.com/id/3994797/
FT: Legal action looms over use of Linux
Some of the world's biggest companies could shortly face lawsuits over their use of
the Linux computer operating system, the executive at the center of the growing legal
storm over the software has warned.
http://msnbc.msn.com/id/3998852/
FT: National Australia Bank admits big losses
The fallout from National Australia Bank's rogue trading scandal deepened on Monday
when it admitted that losses from unauthorized trading in currency derivatives could
be as high as A$600 million, more than three times its initial estimate.
http://msnbc.msn.com/id/3999295/
Hollinger weighs options after Black sale
Hollinger International will hold an emergency meeting on Tuesday to weigh its options
after press mogul Conrad Black agreed to sell his controlling stake, a source close to
the situation said.
http://msnbc.msn.com/id/3999526/
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