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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 end volatile session slightly lower
Stocks closed Monday slightly lower, ending a volatile session in which wavering crude
oil futures kept pressure on Wall Street. Questions over economic growth and the
upcoming election weakened the U.S. dollar and further contributed to the uncertainty
for investors.
http://www.msnbc.msn.com/id/3683270/
American Express profit rises 14 percent
American Express Co. said Monday quarterly earnings rose 14 percent, matching
analysts' expectations, on record cardholder spending, increased card borrowing and
lower loan losses.
http://www.msnbc.msn.com/id/6330008/
U.S. existing home sales surged in September
Sales of existing U.S. homes surged unexpectedly in September on low mortgage rates, a
trade association group said Monday, adding that activity would have been even brisker
had hurricanes not hit the south.
http://www.msnbc.msn.com/id/6327836/
Marsh & McLennan CEO reportedly resigns
Marsh & McLennan Cos. Chairman and Chief Executive Jeffrey Greenberg has resigned, the
Wall Street Journal's online edition said on Monday, citing an unnamed person familiar
with the matter.
http://www.msnbc.msn.com/id/6329975/
Citigroup to pay fine over hedge fund sales
The NASD on Monday censured Citigroup Global Markets Inc. and fined it $250,000 for
distributing misleading sales material on hedge funds, the latest regulatory mishap
for the world's largest financial services company.
http://www.msnbc.msn.com/id/6330119/
Oil prices ease off record high
World oil prices ended lower on Monday despite notching a record high earlier in the
day as the Norwegian government moved to end an oil workers' labor dispute that
threatened shipments from the world's third largest exporter.
http://www.msnbc.msn.com/id/5612507/
Ispat to form steel giant in $17.8 billion deal
Ispat International will buy LNM Holdings and International Steel Group Inc., forming
the world's largest steel firm in a deal worth a total of $17.8 billion, the company
said on Monday.
http://www.msnbc.msn.com/id/6326993/
Improper practices uncovered at Aon Corp.
The office of New York Attorney General Eliot Spitzer has uncovered evidence of
improper business practices at Aon Corp., the world's second-largest insurance broker,
the New York Times reported late Sunday.
http://www.msnbc.msn.com/id/6326444/
Boeing's lead role in Army program eyed
A new U.S. Army report highlights the risk of giving Boeing Co. a broad, supervisory
role over the service's $100 billion modernisation plan, the Wall Street Journal
reported on Monday.
http://www.msnbc.msn.com/id/6329026/
Volvo sees a three-seater in your future
Hoping that cool will convince Americans to make room in their garages for
environmentally friendly cars, Volvo has unveiled a three-seat prototype that's
tapered in the back for a more aerodynamic drive.
http://www.msnbc.msn.com/id/6281335/
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