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Today's Business Headlines - Market Close from MSNBC.com
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Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Wall Street hopes for clear election victor
Stocks closed Tuesday's seesaw trading session narrowly mixed, as Americans flocked to
the polls to elect their next president and investors remained hopeful that there
would be a clear winner in the presidential election by Wednesday morning.
http://www.msnbc.msn.com/id/3683270/
U.S. employers report fewer job cuts in Oct.
U.S. planned job cuts eased in October but remained above the 100,000 level for the
second month in row, a report said Tuesday.
http://www.msnbc.msn.com/id/6390311/
Oil prices close below $50 a barrel
Crude oil futures settled below $50 a barrel Tuesday, falling to their lowest closing
level since the end of September, as fears about heating oil subsided even though
inventories remain tight.
http://www.msnbc.msn.com/id/5612507/
Yukos, production unit hit with new tax claims
Russian tax authorities slapped oil giant Yukos and its main production unit with two
new tax claims for nearly $10 billion, raising the company's total bill to more than
$17.6 billion, the Interfax news agency reported Monday. The move likely brings the
sale of the unit a step closer.
http://www.msnbc.msn.com/id/6388890/
Low-carb sales slow as American craze cools
The clock is ticking for makers of packaged foods aimed at low-carb dieters as more
U.S. consumers are abandoning the protein-heavy regimens.
http://www.msnbc.msn.com/id/6391728/
WashPost: AOL plans to eliminate 700 jobs
America Online Inc. is preparing to fire more than 700 employees in early December --
mostly at the company's Northern Virginia headquarters -- a cost-cutting move tied to
the firm's continuing loss of subscribers to faster or cheaper Internet services,
according to officials familiar with the decision.
http://www.msnbc.msn.com/id/6386161/
Wal-Mart plans 10 new stores in China
The world's biggest retailer, Wal-Mart Stores Inc., said it planned at least 10 new
stores in China next year, joining other foreign retail giants in taking advantage of
new rules letting them move into smaller cities.
http://www.msnbc.msn.com/id/6388595/
Marsh starts fund for possible settlement
Marsh & McLennan Companies Inc. is looking to collect about $230 million in incentive
fees at the heart of a bid-rigging probe by New York authorities as a way to help fund
a possible settlement over the questioned fees.
http://www.msnbc.msn.com/id/6388880/
Conrad Black resigns from Hollinger post
Conrad Black stepped aside Tuesday as chairman and chief executive of Hollinger Inc.,
the Toronto-based holding company which has voting control over newspaper publisher
Hollinger International Inc.
http://www.msnbc.msn.com/id/6390205/
Citigroup sued over Brazil stock deals
Global financial services company Citigroup Inc. is being sued by a fund management
firm alleging it acted improperly in the sale of some shares, the Wall Street Journal
reported on Tuesday.
http://www.msnbc.msn.com/id/6388813/
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