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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10094.06 -45.72
NASDAQ: 1883.83 +0.68
S&P 500: 1100.90 -0.49
AMEX: 1263.45 -9.51
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Dow industrials end lower amid earnings
A weak profit outlook from Dow component 3M Co. disappointed Wall Street and led the
Dow Jones industrial average lower Monday, as uneasy investors feared an overall drop
in profits for the second half of the year.
http://www.msnbc.msn.com/id/3683270/
Coors, Molson hold merger talks
Adolph Coors of the U.S. and Molson of Canada are in talks about a possible merger
that could create a strengthened competitor among North America's big brewers with
sales of almost $6 billion, according to people familiar with the matter.
http://www.msnbc.msn.com/id/5461743/
Bayer pays $2.9 billion for Roche unit
Bayer AG will buy Roche's over-the-counter drugs unit for 2.38 billion euros ($2.94
billion), the German group said on Monday, paying slightly more than expected to boost
its healthcare profits.
http://www.msnbc.msn.com/id/5460221/
EU approves BMG-Sony music merger
The European Union has approved the merger of Sony Music and Bertelsmann AG's BMG unit
in a deal that gives the four "majors" control of about 80 percent of the world music
market, a Bertelsmann spokesman said Monday.
http://www.msnbc.msn.com/id/5462454/
3M earnings beat analysts' forecast
Diversified manufacturer 3M Co. saw second-quarter profit rise nearly 25 percent as
the maker of Post-it Notes and Scotch-brand tapes benefited from increased sales in
its display business and internationally. The company also raised its outlook for the
year.
http://www.msnbc.msn.com/id/5460934/
Delta posts huge loss on hefty charges
Delta Air Lines Inc., despite a 13 percent rise in revenue, reported a second quarter
loss of nearly $2 billion because of hefty charges.
http://www.msnbc.msn.com/id/5461514/
IRS computers vulnerable, report says
Contractors upgrading the IRS computer system left taxpayer data vulnerable to outside
abuse, including theft by exerienced hackers, Treasury Department inspectors say.
http://www.msnbc.msn.com/id/5462297/
Boeing may build larger version of 747
Boeing Co is seeing increased demand for its 747 jumbo jet and building a larger
version remains a possibility, Alan Mulally, chief executive of Boeing Commercial
Airplanes, said on Sunday.
http://www.msnbc.msn.com/id/5460300/
Motorcyle makers rev up for cruiser market
As the Easy Rider generation rediscovers its love of the open road, motorcycle makers
are revving up to challenge Harley-Davidson's domination of the growing - and
lucrative - U.S. cruiser market.
http://www.msnbc.msn.com/id/5430581/
Clear Channel Radio cuts down commercials
Clear Channel Radio, the largest U.S. radio station chain, will significantly reduce
commercial time sold on its stations to stem pricing weakness and convince marketers
of the value of radio advertising.
http://www.msnbc.msn.com/id/5461372/
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