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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10371.47 -44.94
NASDAQ: 1974.38 -12.35
S&P 500: 1130.32 -4.89
AMEX: 1224.60 +5.00
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks struggle amid dearth of data
Wall Street suffered from an early summer malaise Monday, with stocks meandering in
and out of negative ground in a narrow range, as investors waited for news on interest
rates, the changeover in Iraq and second-quarter earnings.
http://www.msnbc.msn.com/id/3683270/
Wachovia to buy SouthTrust
Banking giant Wachovia Corp. is buying competitor SouthTrust Corp. in a deal valued at
$14.3 billion, the companies said Monday.
http://www.msnbc.msn.com/id/5256523/
Court: Intel may have to give EU documents
The U.S. Supreme Court ruled on Monday that chip maker Advanced Micro Devices can
seek to require its bigger rival, Intel Corp., to turn over U.S. documents for use in
a European investigation.
http://www.msnbc.msn.com/id/5262782/
Simon to buy mall rival for $3.5 billion
Simon Property Group Inc. on Monday said it would buy Chelsea Property Group Inc. for
about $3.5 billion to pump up its holdings of high-end retail malls.
http://www.msnbc.msn.com/id/5261650/
Ex-Vivendi chief Messier in custody
Jean-Marie Messier, the former chairman and chief executive of French
media-to-telecoms group Vivendi Universal, has been taken into custody as part of a
probe into stock manipulation, a French judicial source said on Monday.
http://www.msnbc.msn.com/id/5260931/
Iraq resumes oil exports from Basra
Iraq has resumed oil exports of about 1 million barrels a day through its southern
Basra terminal after completing repairs to pipelines sabotaged by insurgents, an
official from a U.S.-based shipping company said Monday.
http://www.msnbc.msn.com/id/5232571/
UAL to scale back request for federal aid
United Airlines' parent plans to reduce its request for federal aid and seek some $500
million in new equity to try to reverse a government denial of a $1.6 billion loan
guarantee, The Wall Street Journal reported on Monday.
http://www.msnbc.msn.com/id/5261670/
Pilgrim Baxter settles improper trading case
Pilgrim Baxter & Associates has agreed to a $100 million settlement in an improper
trading case and will cooperate with authorities' investigations into the company's
co-founders, the New York attorney general's office said Monday.
http://www.msnbc.msn.com/id/5262589/
GE to expand retail banking
General Electric plans to bring together all of its consumer finance businesses under
a single global brand in preparation for an aggressive expansion into retail banking.
http://www.msnbc.msn.com/id/5261577/
Chicago Sun-Times inflated its circulation
The Chicago Sun-Times created bogus sales accounts and inaccurately recorded thousands
of unsold newspapers to inflate its circulation numbers, according to The Wall Street
Journal.
http://www.msnbc.msn.com/id/5261421/
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