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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10712.22 +23.45
NASDAQ: 2265.25 +16.78
S&P 500: 1266.86 +3.04
AMEX: 1826.83 -4.99
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Wall Street boosted by upbeat earnings news
Stocks rose moderately for a second consecutive session Tuesday on strong
earnings at United Technologies Corp. and McDonaldâ?Ts Corp.
http://msnbc.msn.com/id/3683270/
Disney to buy Pixar for $7.4 billion
The Walt Disney Co. said Tuesday it is buying longtime partner Pixar Animation
Studios Inc. for $7.4 billion in a deal that could restore Disneyâ?Ts clout in
animation while vaulting Pixar CEO Steve Jobs into a powerful role at the media
conglomerate.
http://msnbc.msn.com/id/11003466/
CBS, Warner Bros. forming new TV network
CBS Corp. and Warner Bros. Entertainment Tuesday said they would form a new
television network, dubbed The CW, to launch in the fall.
http://msnbc.msn.com/id/11006886/
IRS reviewing fraud system that froze refunds
IRS Commissioner Mark Everson ordered a review Tuesday of a tax fraud detection
program criticized for freezing thousands of refunds without notifying
taxpayers.
http://msnbc.msn.com/id/11006887/
DaimlerChrysler to cut 6,000 white-collar jobs
Automaker DaimlerChrysler said Tuesday that it would reduce administrative
staff by 20 percent over three years, cutting 6,000 jobs and saving some $1.2
billion a year in a bid to make the company more competitive and profitable.
http://msnbc.msn.com/id/11004269/
Ford's North American sales chief to retire
Ford Motor Co. said on Tuesday its North American sales and marketing chief
Steve Lyons will retire, effective March 1.
http://msnbc.msn.com/id/11010017/
Toshiba confirms tentative Westinghouse deal
Japanâ?Ts Toshiba Corp. said Tuesday that it has been selected as the preferred
bidder for the sale of U.S. nuclear plant builder Westinghouse Electric Co.
http://msnbc.msn.com/id/10988474/
IBM accused of not paying overtime to workers
International Business Machines Corp. was sued in federal court Tuesday for
allegedly not paying overtime to tens of thousands of rank-and-file employees.
http://msnbc.msn.com/id/11009274/
Airbus mulls building assembly line in China
European aircraft maker Airbus SAS is leaning toward building an assembly line
for single-aisle aircraft in China, with a decision expected by midyear, a
report said Tuesday, citing company chief executive officer Gustav Humbert.
http://msnbc.msn.com/id/11003736/
EU extends Microsoft antitrust deadline
The European Commission has agreed to extend a deadline for Microsoft Corp. to
provide better documentation so its software programs can be used with
competitors' products, the company said Tuesday.
http://msnbc.msn.com/id/11006122/
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