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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10791.13 -4.88
NASDAQ: 2082.91 +6.25
S&P 500: 1206.14 +0.84
AMEX: 1502.11 +11.01
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks close mixed on telecom merger news
Stocks closed mixed Monday in lackluster trading as Wall Street greeted Verizon
Communications�?T $6.7 billion takeover of MCI Corp. with indifference.
http://msnbc.msn.com/id/3683270/
Verizon to buy MCI for $6.7 billion
Verizon Communications Inc. has agreed to acquire MCI Corp. for more than $6.7
billion in a deal that snatches the once-troubled long-distance provider away
from a rival bid and represents the third big telephone industry merger in two
months.
http://msnbc.msn.com/id/6964419/
Housing 'bubblettes' may be forming in some markets
An analysis of� 25 years of data on home prices, income and other factors
concludes that prices are seriously out of line in 16 markets, mainly in
California and Florida.
http://msnbc.msn.com/id/6954491/
OfficeMax's CEO resigns
OfficeMax Inc. announced the resignation Monday of its president and chief
executive officer and said it terminated six employees as a result of an
ongoing internal investigation into its accounting.
http://msnbc.msn.com/id/6968071/
Ebbers trial suspended until Wednesday
A federal judge suspended the fraud trial of former WorldCom chief Bernard
Ebbers until Wednesday, postponing the crucial cross-examination of the
government�?Ts star witness.
http://msnbc.msn.com/id/6929600/
GM to pay Fiat $2 billion to resolve dispute
Fiat SpA faced the challenge of managing its troubled auto division on its own
Monday �?" but it will have the help of $2 billion from General Motors Corp. to
be paid in a deal that releases the U.S. auto giant from an obligation of
buying Fiat�?Ts car unit.
http://msnbc.msn.com/id/6964545/
Strong demand sets timber investing on fire
If a tree falls in the woods, can it make you a lot of money? Timber is hot �?"
so hot, that investors on Wall Street are planting big investments in the
commodity. � By The Wall Street Journal's Jon Hilsenrath.
http://msnbc.msn.com/id/6968696/
Juggling a new romance and a new business
Starting a new business and a new romantic relationship may seem unfeasible,
but many entrepreneurs do pull off it off.
http://msnbc.msn.com/id/6947621/
Pentagon to probe 8 more Air Force deals
The Pentagon on Monday said its internal watchdog would investigate eight more
contracts handled by Darleen Druyun, a former Air Force official convicted last
year of violating conflict-of-interest rules.
http://msnbc.msn.com/id/6969715/
Chavez, Lula Da Silva sign trade pacts
Venezuelan President Hugo Chavez and his Brazilian counterpart, Luiz Inacio
Lula da Silva, signed bilateral trade agreements on Monday in their effort to
establish a strategic economic alliance between the two South American nations.
http://msnbc.msn.com/id/6968837/
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