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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10410.10 +41.66
NASDAQ: 1999.87 +9.26
S&P 500: 1136.47 +5.14
AMEX: 1199.29 +3.81
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Inflation surge could make Fed's task harder
A surge in employment growth over the past three months and an unexpectedly sharp
upturn in consumer prices have revived the prospect of uncomfortably high inflation,
complicating the Federal Reserve's task of raising interest rates.
http://www.msnbc.msn.com/id/5190645/
Bush gets little credit for 1 million jobs created
The U.S. economy has gained about 1.2 million jobs in the last six months, but most
voters haven't gotten the word.
http://www.msnbc.msn.com/id/5189042/
NASD probes bankers' fairness opinions
The NASD has launched an inquiry into possible conflicts of interest connected with
"fairness opinions" issued by Wall Street bankers on the value of mergers and
acquisitions, The Wall Street Journal reported on Friday.
http://www.msnbc.msn.com/id/5188800/
Spitzer subpoenas 3 more insurance firms
Three more insurance companies said Friday they have received subpoenas from New York
State Attorney General Eliot Spitzer seeking information on the way brokers are paid.
http://www.msnbc.msn.com/id/5190269/
MGM Mirage-Mandalay merger talks stall
Negotiations to create the world's largest gambling company came to a standstill
Thursday after MGM Mirage Inc. declined to raise its $7.65 billion offer to buy
Mandalay Resort Group, according to a person close to the talks.
http://www.msnbc.msn.com/id/5188797/
Tenet in talks to settle lawsuits, probes
Tenet Healthcare Corp. could pay more than $1 billion to settle federal probes and
hundreds of claims that doctors at its Redding hospital performed unnecessary heart
surgeries, a newspaper reported Friday.
http://www.msnbc.msn.com/id/5189465/
Shell committed to stay in Nigeria
Royal Dutch/Shell Group will stay in oil-rich but strife-torn Nigeria, the oil giant
said on Friday, rebutting reports it may have to leave one of its top producing
countries for the sake of its reputation.
http://www.msnbc.msn.com/id/5190368/
Feds probe Halliburton's Nigeria payments
The U.S. government is investigating payments made by a Halliburton Co. joint venture
to the Nigerian government in connection with a liquefied natural gas plant in
Nigeria, the company said on Friday.
http://www.msnbc.msn.com/id/5189720/
Maytag workers strike, closing Iowa plants
Union workers at Maytag Corp. are staffing pickets and pondering leaner finances after
walking off their jobs at the company's central Iowa washer and dryer assembly plants.
http://www.msnbc.msn.com/id/5188970/
The beef business stays home and bulks back up
With some new products to make up loss of large export markets, and strong sales from
low-carb, high protein dieters, the American beef industry has survived the mad cow
scare, although it still faces more intense testing.
http://www.msnbc.msn.com/id/5175891/
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