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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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For 'the baby Hummer,' it's all relative
The first line of Hummer's press release on its newest and smallest model, the 2006 H3
sport utility, speaks to the issues the brand faces by referring to the new vehicle as
a "smaller, more fuel-efficient package."
http://www.msnbc.msn.com/id/6406398/
Wall Street ends a strong week with a rally
Wall Street's rally continued for a ninth straight session Friday, as investors
enthusiastically greeted the government's payroll report, which showed that 337,000
new jobs were created in October. The stock market saw one if its best weekly gains of
2004.
http://www.msnbc.msn.com/id/3683270/
U.S. payrolls showed strong growth in Oct.
Employers aggressively hired new workers in October, adding 337,000 people to payrolls
after a sluggish summer, although the overall unemployment rate rose marginally, to
5.5 percent.
http://www.msnbc.msn.com/id/6414103/
Lawyers to meet on Merck's Vioxx
Drugs giant Merck & Co. which pulled its blockbuster painkiller Vioxx from shelves in
September, is about to become the target of hundreds of plaintiffs' lawyers, the New
York Times reported on Friday.
http://www.msnbc.msn.com/id/6413679/
Oil prices up, but well below recent highs
Oil prices rebounded Friday but remained below $50 a barrel after declining 4 percent
over the past week due to rising U.S. supplies of crude and natural gas.
http://www.msnbc.msn.com/id/5612507/
Dollar hits all-time low against euro
The U.S. dollar fell to an all-time low against the euro Friday as European political
leaders signaled they have no unified plan to stem the rise in the five-year-old
currency used by 12 countries.
http://www.msnbc.msn.com/id/6415255/
Answer Desk: Home equity loan pros, cons
This week, Wendy in Norfolk, Va. is trying to get to the bottom of all the junk mail
she's getting touting the benefits of a home equity line of credit. She wants to know:
is this a good idea or a bad one? Matt in St Louis, meanwhile, is curious about what
happens to all that money expected to be paid by big insurance companies to settle
lawsuits generated by the New York attorney general's probe of bid-rigging in the
industry.
http://www.msnbc.msn.com/id/3403854/
Verizon to buy NextWave licenses for $3 billion
Verizon Wireless said on Thursday that it had signed an agreement with NextWave
Telecom Inc. to purchase all of its airwave licenses for $3 billion.
http://www.msnbc.msn.com/id/6414363/
Northwest pilots OK 15 percent pay cut
Northwest Airlines pilots overwhelmingly approved a new contract Friday that gives
them a 15-percent annual pay cut for the next two years and allows the company's
regional affiliates to carry more passengers.
http://www.msnbc.msn.com/id/6415973/
Marsh general counsel to resign amid probe
The general counsel for broker Marsh & McLennan Cos. will step down next week as the
embattled firm seeks to clean house and reform its business practices, the Wall Street
Journal reported on Friday.
http://www.msnbc.msn.com/id/6413742/
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