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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10574.99 -65.84
NASDAQ: 2144.87 -11.91
S&P 500: 1221.13 -6.79
AMEX: 1534.84 -5.13
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Homeowners place faith in 'exotic' mortgages
With skyrocketing home prices in Americaâ?Ts hottest markets, lenders have
become increasingly creative, promoting risky, complex products including
negative-amortization mortgages. By Bob Sullivan
http://msnbc.msn.com/id/8574006/
Stocks fall as Citigroupâ?Ts earnings disappoint
Stocks fell sharply Monday after weaker-than-expected earnings from Citigroup
Inc. raised questions about other second-quarter results, but declining oil
prices put a brake on the decline.
http://msnbc.msn.com/id/3683270/
Citigroup denies chairman Weill is resigning
Citigroup Inc. on Monday denied a CNBC report that Sanford â?oSandyâ? Weill
would give up his role as the bankâ?Ts chairman to start a private equity fund.
http://msnbc.msn.com/id/8618677/
Whirlpool offers $1.37 billion for Maytag
Whirlpool Corp., one of the nationâ?Ts largest appliance makers, made it a
three-way race by offering to buy competitor Maytag Corp. for $1.37 billion in
cash and stock, topping an earlier offer that Maytag accepted from an
investment group.
http://msnbc.msn.com/id/8609514/
Who benefits from rising gas prices?
With gasoline prices jumping every week these days, a lot of Answer Desk
readers -- including Ian in California -- have the same question. Just who gets
the extra money I'm paying at the pump?
http://msnbc.msn.com/id/3403854/
Citigroup's profit misses estimates
Citigroup Inc., the nation's largest financial institution, on Monday reported
second-quarter profit below Wall Street expectations as short-term interest
rates affected several businesses and new bankruptcy legislation caused a
short-term spike in filings and boosted credit costs.
http://msnbc.msn.com/id/8615013/
Bank of America profit beats forecasts
Bank of America Corp., the nation's third-largest bank by assets, said Monday
second-quarter earnings rose 12 percent from last year, driven by growth in
card income and service charges.
http://msnbc.msn.com/id/8615019/
â?~Harry Potterâ?T book topples U.S. sales records
The new Harry Potter book sold an astonishing 6.9 million copies in its first
24 hours, smashing the record held by the previous Potter release. "Harry
Potter and the Half-Blood Prince" averaged better than 250,000 sales per hour,
more than the vast majority of books sell in a lifetime.
http://msnbc.msn.com/id/8608578/
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