MSNBC - Business with CNBC Front Page

Web Search:

	MSNBC News
			Alerts \| Newsletters \| Help

RESOURCE GUIDE

•	Buy Life Insurance
•	Yellow pages
•	expedia.com
•	Shopping
•	Small Business Tips

Sponsors:

Tables turned - Sudden surge in inflation clouds Fed's rate-hike plan -- By Martin Wolk, MSNBC.com

Missed deal
Mandalay Resort Group rejected a $4.85 billion cash takeover deal, calling it insufficient. • FULL STORY

Calling all bonds
MSNBC.com offers helpful hints for cashing in on your investments. • FULL STORY

David McNew / Getty Images file

ALSO IN THE NEWS

• Bush gets little credit for jobs picture

• Spitzer subpoenas 3 more insurance firms

• WP: Beef business stays home , bulks up

• Shell committed to stay in Nigeria

• NASD probes bankers’ merger valuations

LUNCH BREAK

• June 11: Fries with that?

INT'L BUSINESS NEWS

• MOST OUTSOURCED JOBS DON'T LEAVE U.S.
The bulk of outsourced jobs never leave U.S. shores, the government said on Thursday in a new report suggesting concerns over American workers losing jobs to cheaper foreign labor may be exaggerated.

• Bank of England raises interest rate• Chinese firms to supply parts for Boeing 7E7

STOCKS & ECONOMY

• INFLATION SURGE COULD PRESSURE FED
A surge in employment growth over the past three months and an unexpectedly sharp upturn in consumer prices have revived the prospect of uncomfortably high inflation, complicating the Federal Reserve's task of raising interest rates.

• Fed official: Close eye on inflation needed• Bush gets little credit for 1 million jobs created• Stocks end short week with moderate gains• Economist survey ramps up U.S. growth

OIL AND ENERGY NEWS

• SHELL COMMITTED TO STAY IN NIGERIA
Royal Dutch/Shell Group will stay in oil-rich but strife-torn Nigeria, the oil giant said on Friday, rebutting reports it may have to leave one of its top producing countries for the sake of its reputation.

• Oil demand growth seen at 24-year high• Saboteurs blow up key Iraq oil pipeline

CORPORATE SCANDALS

• TENET LOOKS TO SETTLE SUITS, PROBES
Tenet Healthcare Corp. could pay more than $1 billion to settle federal probes and hundreds of claims that doctors at its Redding hospital performed unnecessary heart surgeries, a newspaper reported Friday.

• Feds probe Halliburton's Nigeria payments• NASD probes bankers’ fairness opinions

HOW WE EAT

• A TINY BIT OF VINEYARD TO CALL YOUR OWN
Winemakers are always looking to create emotional bonds between their wines and their customers. Tasting rooms help, but but some wineries want to take it further -- giving consumers a small slice of vineyard they can put their name on.

• U.S. candy makers slim down their treats• Kraft deals to use 'South Beach' trademark

U.S. BUSINESS NEWS

• SPITZER SUBPOENAS 3 INSURANCE FIRMS
Three more insurance companies said Friday they have received subpoenas from New York State Attorney General Eliot Spitzer seeking information on the way brokers are paid.

• Mandalay rejects MGM's takeover offer• Maytag workers strike, closing Iowa plants

AUTOMOTIVE NEWS

• NBC: CHINA'S CAR CRAZE TAKES OFF
The explosive growth of China's auto industry in recent years has not only tantalized the world's auto giants, but has stirred up debate about how the world's environment and energy supply can cope. NBC News' Eric Baculinao reports from Beijing.

• Ex-Mitsubishi Motors president arrested• Miami drivers sue Shell over bad gas

THE ANSWER DESK

When is a recession not a recession? Why are interest rates so low? And Who is Fannie Mae?
MSNBC.com answers your questions

MSNBC.com SPECIAL REPORT

•	Calculating risk vs. rewards

Martin Wolk: Eye on the Economy

• INFLATION SURGE COULD MAKE FED'S TASK HARDER
A surge in employment growth over the past three months and an unexpectedly sharp upturn in consumer prices have revived the prospect of uncomfortably high inflation, complicating the Federal Reserve's task of raising interest rates.

MSNBC.com

• Bush-onomics in a post-Reagan world• Job growth surges for third straight month• Seeking change in the Philippines• Hyundai climbs up car quality list

MARKET INDICES

INDEX	LAST	CHANGE	% CHANGE
• DJIA	10410.10	+41.66	+0.40%
• NASDAQ	1999.87	+9.26	+0.47%
• S&P; 500	1136.47	+5.14	+0.45%
• Russell	569.12	+0.54	+0.10%
• DJTA	3024.71	-3.52	-0.12%
• DJUA	272.32	+1.82	+0.67%
• 10-year	98.63	+0.28	+0.29%

QUOTE LOOKUP

Enter Company Symbol

Enter Company Name

Data: MSN Money and IDC Comstock delayed 20 min.

SPECIAL COVERAGE

•	'No way, no how' Spitzer will settle
•	Grasso, Spitzer ready to deal?
•	Spitzer confident of winning Grasso case
•	Langone won't settle Grasso suit
•	Grasso's unindicted co-conspirators
•	Spitzer accused of playing politics
•	Spitzer sues Grasso, NYSE
•	Newsweek: Grasso plans counter move

FREE VIDEO

• Latest market news
June 11: Markets closed for Reagan's funeral; PPI delayed again; mortgage rates edge up

MSNBC.com

MSN - More Useful Everyday

Feedback | Help