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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
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NASDAQ: 2239.37 -23.64
S&P 500: 1257.46 -10.79
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Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks take a break from a five-week rally
Wall Street took a break from its five-week rally Monday, with stocks finishing
the day lower as investors weighed job cuts at Merck & Co. and a mixed picture
from last weekendâ?Ts start to the holiday shopping season.
http://msnbc.msn.com/id/3683270/
Retailers lean heavily on bargains to stoke sales
Heavy promotion of â?oearly birdâ? specials touched off stampedes of shoppers
busting down the doors, in some cases, before sunrise. But if foot traffic
slows, expect to see even bigger discounts in the weeks ahead: good news for
shoppers, but bad news for the industryâ?Ts bottom line. By John W. Schoen
http://msnbc.msn.com/id/10240535/
WP: Back at work, people shop online
In malls and stores the Friday after Thanksgiving may kickoff the holiday
shopping season, but online, the big day is the Monday after Thanksgiving when
people go back to work.
http://msnbc.msn.com/id/10233177/
New shop opens with live models in window
It's downtown Augusta's latest attraction: three young women clad in lingerie
who wave to passersby from a store window.
http://msnbc.msn.com/id/10238782/
Merck reported set to announce revamp
Embattled drugmaker Merck & Co. said Monday that it will cut about 7,000 jobs,
or 11 percent of its work force, and will close or sell five of its 31
manufacturing plants by the end of 2008 in the first phase of a reorganization
strategy meant save up to $4 billion by the end of the decade.
http://msnbc.msn.com/id/10230581/
Existing home sales drop
Sales of previously owned homes fell by 2.7 percent in October as the housing
market continues to signal that the boom of the past five years is ringing more
hollow these days.
http://msnbc.msn.com/id/10238869/
Holiday shoppers seen spending modestly
The nationâ?Ts retailers had a modest start to the holiday shopping season as
consumers jammed stores for bargains in the early morning hours Friday but
seemed to lose interest as the weekend wore on.
http://msnbc.msn.com/id/10197353/
Delphi steps up restructuring talks with GM
Delphi Corp. said Monday it would accelerate talks with General Motors Corp.
regarding its restructuring as the nation's leading auto-parts supplier works
to emerge from bankruptcy and reach an agreement with its unions on wage cuts.
http://msnbc.msn.com/id/10238459/
FAA boss wants mediators for labor talks
The nation's top aviation official called Monday for federal mediators to
intervene in troubled talks between the government and air traffic controllers.
http://msnbc.msn.com/id/10240654/
Delta future hinges on turnaround plan â?" CFO
Delta Air Lines Inc. needs the $3 billion in annual cost savings from its
reorganization plan to survive, chief financial officer Edward Bastian told a
bankruptcy court on Monday.
http://msnbc.msn.com/id/10241472/
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