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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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Oil spike pressures Dow, Nasdaq
Stocks slid further Monday as a fresh surge in oil prices set a new trading record and
threatened to push past $50 per barrel.
http://www.msnbc.msn.com/id/3683270/
A wide world of wheels from Paris
For a world automotive exposé held in the City of Lights, this year's Paris Motor
Show was surprisingly short on glam.
http://www.msnbc.msn.com/id/6114404/
Pain at the pump? Blame Hurricane Ivan
Gas prices jumped more than 5 cents a gallon in the past two weeks, largely because of
supply problems related to Hurricane Ivan, an industry analyst said Sunday. The
combined national average for all grades of gas hit $1.94 a gallon.
http://www.msnbc.msn.com/id/6107033/
New home sales jumped 9.4% in August
U.S. new home sales jumped a surprising 9.4 percent in August, the fastest
acceleration of sales in almost four years, as a fresh dip in mortgage interest rates
attracted buyers, a government report showed on Monday.
http://www.msnbc.msn.com/id/6114311/
Time Warner, Comcast mull Adelphia deal
Comcast Corp. Monday said it is in talks with Time Warner Inc. to explore a possible
deal to acquire bankrupt cable company Adelphia Communications Corp.
http://www.msnbc.msn.com/id/6115960/
Top Enron executive testifies in barge case
More than two years after becoming the first former Enron executive to plead guilty to
crimes, Michael Kopper made his debut Monday as a prosecution witness in the
conspiracy and fraud trial involving former executives of the energy company and
Merrill Lynch & Co.
http://www.msnbc.msn.com/id/6106890/
Stewart becomes federal inmate No. 55170-054
Martha Stewart still does not know where she will do her time for lying about a stock
sale, but she's already been designated federal inmate No. 55170-054.
http://www.msnbc.msn.com/id/6115979/
Fannie Mae to tighten internal controls
Fannie Mae has agreed to boost its reserve cushion against risk by several billion
dollars and take other sweeping actions to correct what were cited as serious
accounting problems.
http://www.msnbc.msn.com/id/6115962/
Ford begins making '05 Mustang
Ford Motor Co. launched its all-new 2005 Mustang on Monday, the fifth generation of
the iconic sports car the company sorely needs to help lift sluggish U.S. sales.
http://www.msnbc.msn.com/id/6116384/
Harrah's, Caesars to sell four casinos
Harrah's Entertainment Inc. and Caesars Entertainment Inc. on Monday said they have
agreed to sell four casinos for $1.24 billion to privately held Colony Capital in a
deal expected to ease anti-trust concerns for Harrah's planned takeover of Caesars.
http://www.msnbc.msn.com/id/6115340/
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