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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10766.33 +46.11
NASDAQ: 2227.07 +6.61
S&P 500: 1248.27 +5.47
AMEX: 1702.32 +1.48
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Acquisition reports drive Wall Street higher
A late-day rally helped stocks to close Friday higher, driving the broad
Standard and Poorâ?Ts 500-stock index to its highest level in four and a half
years, as investors mulled a pair of multibillion-dollar acquisitions and
upbeat earnings from Hewlett-Packard.
http://msnbc.msn.com/id/3683270/
Workers of Wal-Mart subcontractors arrested
Federal immigration agents arrested more than 100 workers at a construction
site for a new Wal-Mart distribution center, authorities said.
http://msnbc.msn.com/id/10089328/
Oil prices drop 4 percent over past week
Oil prices fell 4 percent in the past week and settled Friday at a four-month
low just above $56 a barrel.
http://msnbc.msn.com/id/5612507/
Cisco to buy Scientific-Atlanta
Cisco Systems Inc. agreed Friday to acquire the cable TV technology company
Scientific-Atlanta Inc. for about $6.9 billion in a move that would create a
one-stop shop â?" and market leader â?" in distributing television to living
rooms over the Internet.
http://msnbc.msn.com/id/10094628/
Swiss Re to acquire GE insurance unit
Swiss Reinsurance Co., the world's second-largest reinsurer, said Friday it
will acquire General Electric Co.'s insurance unit for $6.8 billion.
http://msnbc.msn.com/id/10094637/
GE raises 2006 forecast, dividend
General Electric Co, which announced that it was selling most of its Insurance
Solutions business to Swiss Re on Friday, said it now expects faster earnings
growth in 2006 and will increase its dividend and stock buyback plan.
http://msnbc.msn.com/id/10094652/
Louis Vuitton opens Beijing flagship store
French luxury goods maker Louis Vuitton opened a flagship store in Beijing on
Friday, expressing confidence in its ability to attract China's new rich
despite rampant piracy of its shoes, bags and other products.
http://msnbc.msn.com/id/10096482/
Alltel to buy Midwest Wireless for $1 billion
Alltel Corp. said Friday it will purchase regional wireless-services provider
Midwest Wireless for $1 billion in a deal that will give it 400,000 customers
in a territory including southern Minnesota, northern and eastern Iowa and
western Wisconsin.
http://msnbc.msn.com/id/10096552/
McDonald's scales back test of deli sandwiches
McDonald's Corp. is scaling back a test of its toasted deli-style sandwiches
from five markets to two by year's end, officials said.
http://msnbc.msn.com/id/10094668/
Senate OKs renewal of terrorism insurance act
The Senate on Friday voted to renew a post-Sept. 11 act providing federal
safeguards for the insurance industry in the event of a devastating terrorist
attack.
http://msnbc.msn.com/id/10097207/
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