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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10833.03 +21.06
NASDAQ: 2058.40 -9.10
S&P 500: 1210.47 +0.39
AMEX: 1519.60 +4.97
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks end mixed amid surge in oil prices
Stocks finished Thursday mixed, as lofty oil prices and trouble in the chip
sector stalled Wall Street�?Ts earlier advance and overshadowed upbeat retail
sales data and the upward revision of U.S. worker productivity numbers.
http://msnbc.msn.com/id/3683270/
Crude oil briefly moves above $55 level
Oil prices briefly surpassed $55 a barrel Thursday, eventually settling at
their highest level since late October. Analysts said supply concerns and
speculative buying helped to drive the price of crude higher.
http://msnbc.msn.com/id/5612507/
Fed chief touts idea of national sales tax
Federal Reserve Chairman Alan Greenspan on Thursday embraced the notion of
overhauling the tax system in the United States and said that some form of a
consumption tax -- such as a national sales tax -- could spur greater economic
growth.
http://msnbc.msn.com/id/7077499/
Mortgage rates climb for third straight week
Interest rates on 30-year mortgages rose to their highest level since December,
according to a report issued Thursday by mortgage finance company Freddie Mac.
http://msnbc.msn.com/id/7078464/
OPEC chief: Can't rule out $80 oil spike
Oil prices may temporarily spike to $80 a barrel during the next two years in
there is a major supply disruption, OPEC's Acting Secretary-General, Adnan
Shihab-Eldin, was quoted as saying by a newspaper on Thursday.
http://msnbc.msn.com/id/7075862/
Taxpayers get new breaks on sales taxes
A new deduction allows taxpayers to deduct state sales taxes instead of state
income taxes if it lowers their tax bills.
http://msnbc.msn.com/id/7013225/
Scrushy warned CFO would be 'fall guy'
A former HealthSouth finance chief testified Thursday that then-CEO Richard
Scrushy threatened to make him the "fall guy" for a massive fraud as an alleged
conspiracy swelled out of control.
http://msnbc.msn.com/id/7078382/
Ebbers' lawyer pins blame on CFO for fraud
The top lawyer for former WorldCom Inc. chief Bernard Ebbers on Thursday pinned
the telecommunications company's massive accounting fraud squarely on former
chief financial officer Scott Sullivan.
http://msnbc.msn.com/id/7078004/
ChevronTexaco, Unocal seen in talks
ChevronTexaco Corp. , the U.S. No. 2 oil company, declined to comment on
Thursday on a newspaper report that it is considering a bid to buy smaller
rival Unocal Corp.
http://msnbc.msn.com/id/7076147/
Fannie Mae faces billions more in new losses
Fannie Mae may have to recognize as much as $2.8 billion in additional
derivative losses because of new accounting concerns raised by its federal
regulator, The Wall Street Journal reported in its online edition on Thursday,
citing sources familiar with the matter.
http://msnbc.msn.com/id/7076206/
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