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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
Dow: 9,507.20 -79.09
NASDAQ: 1,873.43 -15.19
S&P: 1,023.17 -8.47
AMEX: 992.81 -3.94
Wall Street Watch: Complete coverage
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/COMTOPLEVELMARK_Front.asp
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Business
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Profit-taking pressures stocks
A disappointing revenue outlook from Nokia Corp. set off profit-taking on Wall Street
Tuesday as investors were reminded that a strong economic rebound isn't a sure thing.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/158521.asp
MCI, creditors agree to terms
MCI reached a settlement Tuesday with the two major objectors to its reorganization
plan, greatly increasing the ease of arguing why it should be allowed to leave
bankruptcy.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/963764.asp
American Air to appeal 9/11 ruling
American Airlines said Tuesday it will immediately appeal a ruling to the Second
Circuit Court of Appeals of a federal judge's earlier announced decision to allow
Sept. 11 lawsuits to proceed.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/963992.asp
New stadiums score with finicky fans
Over the past decade, billions of dollars have been spent to build sports stadiums
across the country, but the architectural designs have been far less eye-popping than
the money would suggest. That's now changing, as new breathtaking buildings are rising
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/963894.asp
Government borrows at rapid pace
U.S. borrowing outside of the financial sector picked up sharply in the second
quarter, led by the fastest pace of government borrowing since the early 1980s, the
Federal Reserve said Tuesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/963889.asp
Post office expects profit in 2003
The Postal Service expects to end this fiscal year $4.2 billion in the black, allowing
it to pay down a substantial amount of debt, the agency said Tuesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/963895.asp
New York signs deal with Snapple
New York said on Tuesday it has signed a $166 million deal making Snapple the city's
official drink of choice.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/963981.asp
Nokia says handset demand strong
The world's top cellphone maker Nokia said on Tuesday that brisk consumer demand for
handsets might produce higher than expected third-quarter earnings, but fierce price
competition and a weak dollar would limit any revenue sales growth at its main unit.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/963760.asp
Schering-Plough OKs $1 million fine
Schering-Plough Corp. Tuesday agreed to pay a $1 million civil fine to settle
allegations it illegally revealed information to stock analysts and some major
investors ahead of the public last fall.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/963982.asp
SEC eyes Prudential mutual funds
The Securities and Exchange Commission has opened a probe of Prudential Securities in
Boston, The Boston Globe reported on Tuesday, days after state officials disclosed
their own investigation of possible improper mutual fund trading practices at the firm
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/963776.asp
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