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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10688.77 +21.38
NASDAQ: 2248.47 +0.77
S&P 500: 1263.82 +2.33
AMEX: 1831.82 +6.55
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Wall Street steady after Fridayâ?Ts fall
Bargain hunters drove stock prices higher Monday after last weekâ?Ts steep
sell-off, but disappointing earnings in the financial sector prompted fresh
concerns about corporate profits and capped the major stock indexes gains for
the day.
http://msnbc.msn.com/id/3683270/
Ford to cut up to 30,000 jobs, idle 14 plants
Ford Motor Co., the nationâ?Ts second-largest automaker, said Monday that it
will cut 25,000 to 30,000 jobs and idle 14 facilities by 2012 as part of a
restructuring designed to reverse a $1.6 billion loss last year in its North
American operations.
http://msnbc.msn.com/id/10946664/
Analysis: Ford faces long, hard road
Fordâ?Ts restructuring plan, unveiled Monday, is more far-reaching than many
had predicted. But analysts say it remains to be seen whether Mondayâ?Ts huge
job cuts and plant closures will be enough to put the company back on the path
to profitability.
http://msnbc.msn.com/id/10988134/
Nike CEO resigns over differences with founder
Nike Inc., the world's largest athletic-shoe company, on Monday said CEO
William D. Perez resigned over differences with company founder and chairman
Philip Knight and was replaced by Mark Parker, co-president of the Nike brand.
http://msnbc.msn.com/id/10987642/
Japanese Internet entrepreneur arrested
Takafumi Horie, chief executive of Japanese Internet portal Livedoor, was
arrested Monday for alleged securities law violations in a scandal that has
caused a week of turmoil in Japanâ?Ts stock market.
http://msnbc.msn.com/id/10986801/
Economy's leading indicators edge higher
A closely watched gauge of future economic activity edged higher in December,
pointing to continued but, perhaps, uneven growth in the year ahead, a private
research group said Monday.
http://msnbc.msn.com/id/10990079/
Supermarket chain Albertsonâ?Ts accepts buyout
An investment group led by grocer Supervalu Inc. and drugstore chain CVS Corp.
said Monday it will buy Albertsonâ?Ts Inc., the nationâ?Ts second biggest
traditional grocery store chain, for $9.7 billion in cash and stock.
http://msnbc.msn.com/id/10987864/
Johnson & Johnson seen boosting Guidant bid
With a deadline of Tuesday night looming for Johnson & Johnson to raise its bid
or let rival Boston Scientific acquire coveted heart device maker Guidant
Corp., many analysts were expecting a J&J move late Monday or before the stock
market opens Tuesday.
http://msnbc.msn.com/id/10993217/
Ford's earnings rose in fourth quarter
Ford Motor Co., the nation's second biggest automaker, said Monday it earned
$124 million in the fourth quarter, up 19 percent from the year before thanks
to cost reductions and improved profits in its luxury division. The company
said it earned $2 billion for the year, down 42 percent from a year earlier.
http://msnbc.msn.com/id/10987997/
Global music sales fell 2 percent in 2005
Global music sales fell about 2 percent last year as surging digital music
revenues failed to offset continued declines in physical media like CDs, the
head of the industry's trade body said.
http://msnbc.msn.com/id/10989185/
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