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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10073.05 -37.09
NASDAQ: 1838.70 +0.68
S&P 500: 1095.68 -2.67
AMEX: 1219.85 -6.14
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Wal-Mart's warning weighs on blue chips
A disappointing sales forecast from Wal-Mart Stores weighed on the blue-chip Dow
industrials Monday, as investors worried that oil prices, which stabilized after last
week's highs, would harm third-quarter earnings.
http://www.msnbc.msn.com/id/3683270/
Employers, workers debate new OT rules
Contentious and confusing federal rules governing overtime pay went into effect
Monday, prompting former U.S. Labor Secretary Robert Reich to note that businesses
will likely exploit what he calls "new loopholes" in the regulations. Separately, vice
presidential nominee John Edwards predicted the new rules will mean smaller paychecks
for millions.
http://www.msnbc.msn.com/id/5790276/
Oil prices hold around $46 mark
High-flying oil prices eased for a second session on Monday as Iraq resumed exports
from both its northern and southern outlets after lengthy disruption, despite fierce
fighting in the holy city of Najaf.
http://www.msnbc.msn.com/id/5612507/
Google's corporate governance slammed
Google Inc. ranks lower in corporate governance than any company in the Standard &
Poor's 500 stock index, according to influential proxy adviser Institutional
Shareholder Services, the Financial Times said on Monday.
http://www.msnbc.msn.com/id/5796405/
China fears a food crisis as imports surge
China has become a net importer of farm produce, raising concerns at the highest
levels of government about the security of the food supply for 1.3 billion people as
land and water shortages put pressure on domestic grain production.
http://www.msnbc.msn.com/id/5797352/
Wal-Mart cuts August sales forecast
Wal-Mart Stores Inc. lowered its August sales forecast Monday as back-to-school demand
failed to meet its expectations and hurricanes in Florida forced it to close 75 stores.
http://www.msnbc.msn.com/id/5795604/
Saturn VUEs earn average rollover rating
U.S. safety regulators said on Monday they were able to complete rollover tests on the
2004 Saturn VUE after General Motors Corp. strengthened the sport utility's
suspension system, which had collapsed in previous road tests.
http://www.msnbc.msn.com/id/5799511/
FedEx raises quarterly, full-year outlook
FedEx Corp. Monday raised its earnings forecast for the fiscal first quarter and full
year, citing strong demand for its international express, ground and
less-than-truckload services.
http://www.msnbc.msn.com/id/5795642/
UK's ARM buys Artisan for $913 million
British semiconductor designer ARM Holdings Plc agreed to buy U.S. technology firm
Artisan for $913 million, to boost its product range, but ARM shares slumped on Monday
on concerns it had overpaid.
http://www.msnbc.msn.com/id/5796193/
Monster Worldwide could be takeover target
Monster Worldwide Inc., parent of employment Web site Monster.com, could become a
takeover target, despite its largest shareholder and chief executive's dismissal of
the idea, according to Barron's business weekly.
http://www.msnbc.msn.com/id/5797260/
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