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Today's Business Headlines - Market Close from MSNBC.com
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Wall Street Watch: Complete coverage
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Business
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Stocks edge higher ahead of earnings
Stocks rose modestly in light holiday trading Monday, as investors awaited the
impending tide of third-quarter profit reports, hopeful the news would override
worries about a struggling economic recovery and record fuel prices.
http://www.msnbc.msn.com/id/3683270/
Cheaper, more efficient fuel cells coming
Hybrid electric/gasoline cars may have even greener competition in a few years now
that a tiny Mountain View company has figured out how to make a cheaper, more
efficient fuel cell membrane.
http://www.msnbc.msn.com/id/6225387/
Oil prices jump to fresh highs
Oil prices rose to record highs on Monday, pushing crude in London above $50 for the
first time and extending a relentless rise that has added around 65 percent to the
cost of crude this year.
http://www.msnbc.msn.com/id/5612507/
Lundberg: Gasoline up 8 cents a gallon
Gasoline prices have climbed nearly 8 cents a gallon in the past two weeks because of
record-high crude oil prices, industry analyst Trilby Lundberg said Sunday. Prices
are likely to climb in lockstep with oil prices, which hit $53.31 per barrel Friday.
http://www.msnbc.msn.com/id/6220866/
Senate passes corporate tax cuts bill
After a rare weekend session, the U.S. Senate on Monday passed a $136 billion
corporate tax bill that will now go to President Bush for his signature.
http://www.msnbc.msn.com/id/6226690/
Norwegian, American win Nobel for economics
Finn E. Kydland and Edward C. Prescott won the 2004 Nobel prize in economics on Monday
for their work in determining the driving force behind business cycles worldwide.
http://www.msnbc.msn.com/id/6224564/
SunTrust Banks to restate profits
SunTrust Banks Inc. said Monday that it expects to restate earnings higher for the
first and second quarters of 2004 due to changes in loan loss allowances, and plans to
delay its third-quarter earnings release pending completion of an audit committee
review.
http://www.msnbc.msn.com/id/6224960/
Nation's retailers focus on the holidays
After enjoying robust sales from January through May, stores suffered four straight
months of slow sales as the economy lost steam. Now U.S. retailers are focused on the
holidays and what they need to do to get consumers shopping again.
http://www.msnbc.msn.com/id/6220795/
BusinessWeek: The best business schools
The Kellogg School of Management at Northwestern University is the best business
school in the nation, according to BusinessWeek's newest 2004 survey. Schools landed
top spots by raising academic standards and making sure students were satisfied.
http://www.msnbc.msn.com/id/6207404/
WashPost: Full-time jobs prove elusive
The ranks of those tenuously employed in jobs that once were stable enough to support
a family are growing, with many temps receiving lower pay than their full-time
counterparts and few, if any, benefits.
http://www.msnbc.msn.com/id/6221777/
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