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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10558.37 +87.78
NASDAQ: 2079.12 +21.95
S&P 500: 1150.54 +8.73
AMEX: 1262.87 -2.30
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Bank of America to cut 12,500 jobs
The cuts will take place over the next two years, and about 30 percent of them will
come through attrition, the bank said.
http://www.msnbc.msn.com/id/4670572/
Earnings optimism lifts Wall Street
Optimistic investors pushed Wall Street's major indices moderately higher Monday,
extending last week's rally in a quiet, but optimistic session ahead of first-quarter
earnings reports.
http://www.msnbc.msn.com/id/3683270/
How cities have fared under four presidents
Sixty-three of the top 100 labor markets had fewer jobs in 2003 than in 2000, the
final year of Bill Clinton's administration. The collective loss in those 63 markets
was roughly 2.1 million jobs.
http://www.msnbc.msn.com/id/4653882/
CEOs signal a bullish view on economy
Confidence in the economy surged to a two-decade high among chief executive officers
in the first quarter, according to a survey released Monday.
http://www.msnbc.msn.com/id/4669896/
Tyco jurors speak out
A juror who held out to acquit the defendants in the now-defunct Tyco trial said she
had been misrepresented in the media.
http://www.msnbc.msn.com/id/4667969/
Service-sector growth hits record high
The nation's service sector soared in March to a record high, a report showed Monday.
The ISM's non-manufacturing index swelled to 65.8, easily beating Wall Street's
expectations.
http://www.msnbc.msn.com/id/4668437/
SEC probes Nortel Networks restatements
The U.S. Securities and Exchange Commission has launched a formal probe linked to
results restatements at Nortel Networks Corp. that led to the suspension of its chief
financial officer, the company said Monday.
http://www.msnbc.msn.com/id/4668093/
Penney unloads Eckerd for $4.5 billion
J.C. Penney said Monday it is selling Eckerd, its struggling drugstore chain, for
about $4.5 billion in cash to competitors CVS Corp. and Canada's Jean Coutu Group Inc.
http://www.msnbc.msn.com/id/4667760/
Ex-Bank of America broker indicted in fund probe
Former Bank of America broker Theodore Sihpol was indicted on over 40 counts for his
alleged role in aiding a hedge fund trade mutual funds illegally, court papers show.
http://www.msnbc.msn.com/id/4669991/
Microsoft-Sun settlement doesn't affect EU
Last week's stunning $1.6 billion settlement with Sun Microsystems Inc. is unlikely to
impact the antitrust actions against Microsoft Corp. in Europe, officials and legal
experts said Monday.
http://www.msnbc.msn.com/id/4670197/
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