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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10649.92 -55.72
NASDAQ: 2135.20 -10.95
S&P 500: 1194.20 -9.01
AMEX: 1409.21 +1.31
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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�?~Tis the season for Wall Street bonuses
Investment bankers, traders and other Wall Street types are starting to find
out how big their year-end bonuses are, and unlike recent years, when profits
were lean and budgets were tight, there�?Ts something to cheer about in 2004.
http://msnbc.msn.com/id/6717104/
Consumer prices rise modestly
Consumer prices rose by a mild 0.2 percent in November as costs for gasoline
and food products calmed down after posting sharp increases the month before.
http://msnbc.msn.com/id/6727738/
Celebrex report drags down stock prices
Pfizer�?Ts surprise announcement of possible health risks connected with its
Celebrex arthritis drug pushed stocks lower in very heavy trading Friday,
renewing investors�?T concerns over the pharmaceutical sector. Still, the stock
market�?Ts major indices finished the week slightly higher.
http://msnbc.msn.com/id/3683270/
Answer Desk: Privatize Social Security?
After this week's economic summit put the spotlight on a White House plant to
'privatize' Social Security, Linda in Ohio is looking for some straight answers
on what it all means.�
http://msnbc.msn.com/id/3403854/
American Express to cut 2,000 jobs
American Express Friday said it expects to record a fourth-quarter pretax
charge of up to $120 million and cut 2,000 jobs related primarily to a
restructuring of its business travel unit and the sale of some overseas banking
operations.
http://msnbc.msn.com/id/6729470/
WashPost: Bush's treasury chief defends debt
President Bush's plan to partially privatize Social Security probably won't
raise interest rates or adversely impact financial markets, even if the program
entails borrowing hundreds of billions of dollars to finance it, Treasury
Secretary John W. Snow says.
http://msnbc.msn.com/id/6730951/
Russia to hold Yukos auction
The Kremlin said Friday it would go ahead with an auction to sell the key asset
of embattled oil company Yukos despite a U.S. bankruptcy court decision's to
block it for several days.
http://msnbc.msn.com/id/6726341/
FDA urges alternatives to Celebrex
The Food and Drug Administration is advising physicians to consider
alternatives to pain reliever Celebrex following a study that showed it
increased the risk of heart attack and strokes at high doses.
http://msnbc.msn.com/id/6727955/
Oil prices resume climb
Oil futures prices climbed above $45 a barrel Friday, with traders focusing on
rising fuel demand due to colder weather.
http://msnbc.msn.com/id/5612507/
Hyundai recalls 120,000 Elantra sedans
Hyundai Motor Co. said Friday it's recalling about 120,000 2004- and 2005-model
Elantra sedans because of a software problem with its air-bag system.
http://msnbc.msn.com/id/6728858/
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