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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10609.11 -13.96
NASDAQ: 2088.13 -1.98
S&P 500: 1216.10 -0.86
AMEX: NaN ??
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Adelphia founder sentenced to 15 years in jail
Adelphia Communications Corp. founder John Rigas was sentenced Monday to 15
years in prison for his role in looting and hiding debt in a scandal that
bankrupted the cable television company.
http://msnbc.msn.com/id/8291040/
Oil prices hit new all-time high
Just as the peak summer driving season moves into high gear, crude oil prices
continued to soar Monday, hitting to a new intraday high near $60 a barrel.
http://msnbc.msn.com/id/5612507/
Stocks lower as crude oil prices surge
Wall Street wavered Monday, eventually closing the day slightly lower, as the
possibility of $60-per-barrel oil prices unsettled investors.
http://msnbc.msn.com/id/3683270/
Heinz to buy HP Foods, Lea & Perrins
U.S. food company H.J. Heinz has agreed to buy Danoneâ?Ts UK-based HP Foods
business for about $855 million in a deal that puts HP and Lea & Perrins sauces
under the same roof as its own Heinz ketchup.
http://msnbc.msn.com/id/8261989/
Eight cars earn top ratings in crash tests
Five large family passenger cars and three large luxury models earned top
ratings Sunday in frontal crash tests by the insurance industry.
http://msnbc.msn.com/id/8280464/
How to ride the global outsourcing wave
Nurani, a graphic designer in Bangladesh, is looking to hitch a ride on the
outsourcing wave sweeping U.S. and European companies -â?" but isnâ?Tt sure
how to get started. Meanwhile, Desaray in Philadelphia doesnâ?Tt know what to
say to relatives who keep bad-mouthing her decision to buy whole life insurance
policies with her fiancé.
http://msnbc.msn.com/id/3403854/
Processing firm: We mishandled credit card data
The head of the credit card processing company whose computer system was
breached by hackers, exposing millions of credit card accounts, has
acknowledged that his firm should not have been keeping the consumer records in
the first place.
http://msnbc.msn.com/id/8286132/
United Airlines machinists OK contract
Bankrupt U.S. carrier United Airlines and its machinist union reached a deal on
Sunday to save the airline $175 million a year and allow it to terminate
pension plans covering 20,000 active machinists and other workers and thousands
of retirees, The Wall Street Journal reported.
http://msnbc.msn.com/id/8287662/
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