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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10461.34 -84.98
NASDAQ: 1999.35 -19.44
S&P 500: 1181.20 -9.94
AMEX: 1467.59 -10.10
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks decline amid mergers, lower oil
Profit-taking after a week of gains pressured stocks Friday, even as crude oil
prices continued their retreat and two big cable operators reportedly agreed on
a bid for bankrupt Adelphia Communications Corp.
http://msnbc.msn.com/id/3683270/
Post office seeks higher mail prices
The Postal Service filed a request Friday seeking higher rates.
http://msnbc.msn.com/id/7431571/
Oil prices fall for fifth straight day
Crude oil prices fell for the fifth straight day Friday, dropping more than $1
a barrel as gasoline futures tumbled and brokers said the red-hot market went
too high, too fast.
http://msnbc.msn.com/id/5612507/
Time Warner, Comcast seen buying Adelphia
Time Warner Inc. and Comcast Corp. have reached a tentative agreement to buy
Adelphia Communications Corp. for nearly $18 billion, according to newspaper
reports.
http://msnbc.msn.com/id/7429668/
Court rejects J.M. Smucker�?Ts PB&J patent
On Friday, the U.S. Court of Appeals for the Federal Circuit rejected an effort
by J.M. Smucker Co. to patent its process for making pocket-size peanut butter
and jelly pastries called �?oUncrustables.�?�
http://msnbc.msn.com/id/7432980/
Regulators to interview Warren Buffett
Warren Buffett, the chairman of Berkshire Hathaway Inc., is scheduled to be
interviewed Monday by state and federal regulators as part of their probe into
nontraditional products, Berkshire said Friday.
http://msnbc.msn.com/id/7431096/
Spitzer subpoenas two drug wholesalers
New York Attorney General Eliot Spitzer has issued subpoenas to at least two of
the nation�?Ts three largest drug distributors in what appears to be a probe
into the way the companies buy drugs from each other.
http://msnbc.msn.com/id/7433259/
Willis pays $50 million in insurance probe
Willis North America Inc., the nation�?Ts third-largest insurance broker,
agreed Friday to pay $50 million in restitution to settle an investigation into
anticompetitive practices involving incentive fees in property and casualty
insurance sales.
http://msnbc.msn.com/id/7433442/
Refinery warned of gas release 13 years ago
Federal investigators 13 years ago warned the Texas City oil refinery where 15
people died in an explosion last month that part of the plant built to allow
flammable gases to escape from a ventilation stack could harm workers.
http://msnbc.msn.com/id/7433354/
Former Wal-Mart exec's expenses probed
Wal-Mart Stores Inc.�?Ts former vice-chairman may have used undocumented
expense payments to pay for anti-union activities, The Wall Street Journal
reported on Friday.
http://msnbc.msn.com/id/7431067/
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