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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10609.62 -9.41
NASDAQ: 2007.52 -30.41
S&P 500: 1140.99 -3.12
AMEX: 1229.30 -5.50
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Tech sector leads Wall Street lower
Technology shares sank Monday on disappointing news from Intel, pushing the Nasdaq
composite index briefly into negative territory for the year despite a brighter
forecast from wireless equipment maker Qualcomm.
http://www.msnbc.msn.com/id/3683270/
E-commerce sales up sharply in fourth quarter
U.S. retail sales over the Internet and other electronic networks surged in the fourth
quarter of 2003, making up a record share -- almost 2 percent -- of total retail
sales, the Commerce Department said on Monday.
http://www.msnbc.msn.com/id/4351550/
Former Faneuil attorney bolsters witness' case
U.S. District Judge Miriam Goldman Cedarbaum said she would "reserve decision" on a
defense motion to dismiss parts of the indictment in the Marth Stewart securities
fraud case.
http://www.msnbc.msn.com/id/4351453/
Adelphia trial begins with jury selection
With a smile and a nod to potential jurors, Adelphia Communications Corp. founder John
Rigas went on trial Monday to face charges that he and his two sons looted the
nation's fifth-largest cable company, cheating investors of billions of dollars.
http://www.msnbc.msn.com/id/4351007/
Greenspan: Households managing debt well
The balance sheets of American households are generally in "good shape" as extra cash
from a huge wave of home mortgage refinancing and decades-low interest rates helped
consumers better manage their debt, Federal Reserve Chairman Alan Greenspan said
Monday.
http://www.msnbc.msn.com/id/4351626/
More manufacturing jobs seen in 2004
Reflecting cautious optimism about 2004, a survey of U.S. manufacturers found that
many more are planning to add jobs than to cut them this year amid what's forecast to
be the biggest increase in manufacturing production since 1999.
http://www.msnbc.msn.com/id/4353443/
U.S. employees complain of big bureaucracy
Consultants Booz, Allen Hamilton surveyed about 4,000 professionals in the United
States and found many of the largest companies, with revenues of $10 billion and up,
would try to fix a badly decentralized organization by "adding layers of management
and bureaucracy."
http://www.msnbc.msn.com/id/4353893/
Forbes: Fallacy of the niche car
The joke in the automobile industry is: "We lose money on every one, but we make it up
in volume." The serious point being made is that if you have enough volume, you can
earn back what it costs to design a new car and tool up for it.
http://www.msnbc.msn.com/id/4353853/
PeopleSoft asks for rejection of Oracle bid
PeopleSoft Inc. said on Monday it is asking its shareholders to reject Oracle Corp.'s
proposed $9.4 billion takeover, claiming Oracle is seeking to destroy the company and
stockholder value.
http://www.msnbc.msn.com/id/4350787/
Citigroup buying S. Korean bank for $2.7 billion
Under the deal, which would also be the first takeover of a domestic bank by a foreign
bank, Citigroup aims to buy more than 80 percent of South Korea's sixth-largest bank.
http://www.msnbc.msn.com/id/4346953/
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