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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10242.82 +46.91
NASDAQ: 1978.62 +18.36
S&P 500: 1122.51 +5.87
AMEX: 1201.19 +6.05
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Robust jobs report buoys Wall Street
Wall Street's major stock indices finished Friday with sturdy gains after a
long-awaited report on U.S. employment showed the U.S. economy added thousands of new
jobs in May.
http://www.msnbc.msn.com/id/3683270/
Job growth surges for third straight month
The government reported a "blowout" employment number Friday, marking the third
straight month of strong job gains and virtually assuring the Federal Reserve will
raise short-term interest rates June 30, analysts said.
http://www.msnbc.msn.com/id/5136703/
Oil prices fall below $39 a barrel
Oil prices dropped 10 percent below recent record highs on Friday as rising stockpiles
in the United States and the promise of more OPEC oil soothed widespread worries of a
summer supply crunch.
http://www.msnbc.msn.com/id/5098489/
Continental ups fares again over fuel costs
Continental Airlines Inc. is again raising its fares in response to expensive jet-fuel
costs, hoping to make the higher fares stick.
http://www.msnbc.msn.com/id/5136533/
Wal-Mart announces new employee plan
Wal-Mart Stores Inc. will cut the bonuses for top executives if the company does not
promote women and minorities in proportion to the number that apply for management
positions, its top executive announced Friday.
http://www.msnbc.msn.com/id/5138019/
Sanjay Kumar leaves Computer Associates
Sanjay Kumar, who stayed on as Computer Associates International Inc.'s chief software
architect after an accounting scandal forced him from the chief executive and chairman
jobs, left the company Friday.
http://www.msnbc.msn.com/id/5137947/
Like what's in your hotel? Buy it
The right to stuff your travel kit with a swank hotel's soap and shoe buffer has
always been part of the room rent. Walking out with the towels, not. But now some of
the classier accommodations are encouraging guests to take some of the most expensive
items with them - after paying for them, of course.
http://www.msnbc.msn.com/id/5113208/
Maytag announces restructuring, job cuts
Maytag Corp. announced Friday it is cutting its salaried work force by 20 percent, or
1,100 jobs, as part of a restructuring and lowered its earnings expectations, citing
lower sales and higher materials costs. Maytag shares were down nearly 8 percent in
morning trading.
http://www.msnbc.msn.com/id/5138528/
Chrysler recalls over 438,OOO PT Cruisers
Chrysler is recalling more than 438,000 PT Cruisers because power steering fluid can
leak from the vehicles, causing potential engine compartment fires, federal safety
regulators said on Friday.
http://www.msnbc.msn.com/id/5137495/
Fastow statements could favor defendants
Former Enron Corp. finance chief Andrew Fastow apparently wasn't explicitly clear
about a secret promise to buy back Nigerian barges that Enron booked as "sold" in late
1999, according to information he has provided to federal prosecutors.
http://www.msnbc.msn.com/id/5136547/
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