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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
Dow: 9,313.08 -30.88
NASDAQ: 1,792.07 -25.17
S&P: 996.85 -6.42
AMEX: 986.27 -11.77
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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Stocks edge lower
Stocks edged lower Friday, as investors examined a new report from the government
showing the economy grew faster than expected in the second quarter.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/158521.asp
Poverty rises and income levels drop
The poverty rate was 12.1 percent last year, up from 11.7 percent in 2001. Nearly 34.6
million people lived in poverty, about 1.7 million more than the previous year.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/972210.asp
Second-quarter GDP revised up
The U.S. economy grew at a better-than-expected 3.3 percent annual rate in the second
quarter, the government reported Friday, raising hopes the country is finally on the
brink of mounting a sustained rebound from the 2001 recession.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/972175.asp
Consumers turn glum in September
U.S. consumer sentiment dropped unexpectedly in September, a survey showed Friday, as
persistent weakness in the job market, high gasoline prices and the ongoing occupation
in Iraq took a toll.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/972225.asp
Insurers' Isabel losses seen low
Swiss Re, the world's second largest reinsurer, estimated that Hurricane Isabel, which
hit the eastern United States this month, caused billions of dollars of damage but
less than $1 billion in insurance claims.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/972202.asp
Government recalls Segways
The Consumer Product Safety Commission announced the recall Friday, saying that three
people had been injured. One suffered a head wound and needed stitches.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/972313.asp
France's Alstom to sell key unit
French engineering firm Alstom said on Friday it agreed to sell a core power unit to
state-owned Areva for 950 million euros ($1.1 billion), dumping assets to raise cash
while expectations mounted of a break-up.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/972203.asp
Tenet's top lawyer resigns
Tenet Healthcare Corp. on Friday said General Counsel Christi R. Sulzbach, a
self-described 'focal point' for some of the hospital chain's critics, plans to step
down Nov. 1.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/972271.asp
Reed to review NYSE governance
The New York Stock Exchange's interim chairman, John Reed, has reportedly set aside a
board committee's report on revamping NYSE governance to instead initiate a wide
review to produce more radical changes.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/972159.asp
WashPost: Politicians got parties at NYSE
Under Dick Grasso, the New York Stock Exchange was especially solicitous toward
politicians who could influence securities-industry regulation.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/972171.asp
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