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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10117.34 -123.92
NASDAQ: 1917.96 -19.78
S&P 500: 1098.69 -15.30
AMEX: 1192.08 -27.71
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Payrolls continue to rise robustly
Employers added 288,000 jobs to their payrolls in April as the nation's unemployment
rate slipped to 5.6 percent, reinforcing hopes for a sustained turnaround in the jobs
market that had lagged for so long.
http://www.msnbc.msn.com/id/4923578/
Wholesale inventories jump 0.6% in March
Inventories at U.S. wholesalers grew in March but were unable to keep pace with a
second straight month of surging demand, the Commerce Department reported Friday.
http://www.msnbc.msn.com/id/4923990/
Rate hike now seen coming as soon as June
Wall Street economists moved en masse after Friday's surge in payrolls to predict a
Federal Reserve interest rate hike as soon as June, bringing them into line with
futures market forecasts.
http://www.msnbc.msn.com/id/4924472/
Stocks mixed after strong jobs report
New data showing blistering job growth in the U.S. left stocks mixed Friday, as
investors tried to balance interest rate worries with the potential for higher
corporate earnings.
http://www.msnbc.msn.com/id/3683270/
Crude oil prices hit $40 a barrel
Oil prices hit $40 a barrel for the first time in 13 years on Friday on concerns over
global supply security, fostering fears that economic growth could suffer.
http://www.msnbc.msn.com/id/4923389/
Krispy Kreme warns on profits
Krispy Kreme Doughnuts Inc. on Friday cut its earnings forecast by 10 percent, its
first profit warning since going public four years ago, saying the popularity of
low-carbohydrate diets has hurt demand.
http://www.msnbc.msn.com/id/4923356/
Intel to shelve new desktop, server chips
Intel Corp. plans to announce on Friday that it has shelved its next chips for desktop
and server computers, according to a person briefed on the measure.
http://www.msnbc.msn.com/id/4923373/
Martha Stewart posts wider loss
Martha Stewart Living Omnimedia Inc. on Friday posted a wider quarterly loss, hurt by
an advertising drop-off at its media properties during its high-profile founder's
criminal trial.
http://www.msnbc.msn.com/id/4923722/
Answer Desk: The economic blame game
This week, Aviance in Atlanta has figured out a way to give herself a raise -- which
is a great idea as long as she doesn't go overboard. Rich in Colorado Springs want to
know where to go shopping on the Internet for a low interest rate on a a loan. And Jay
is worried about the bite that higher gasoline prices are taking out of his monthly
budget. (Turns out he's a little too worried.)
http://www.msnbc.msn.com/id/3403854/
Lea Fastow handed one-year jail term
A judge Thursday sentenced the wife of former Enron Corp. finance chief Andrew Fastow,
to 12 months in prison.
http://www.msnbc.msn.com/id/4916143/
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