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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
Dow: 9,630.90 -23.71
NASDAQ: 1,893.78 -14.07
S&P: 1,033.78 -5.47
AMEX: 1,013.81 -2.17
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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Stock market averages slip
Wall Street retreated modestly Wednesday as investors, while pleased with Alcoa's
strong third-quarter results, refrained from making big bets ahead of other earnings
reports.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/158521.asp
Vivendi, GE create NBC Universal
Vivendi Universal and General Electric said on Wednesday they had signed a final deal
to combine their show business assets, creating a $43 billion entertainment powerhouse.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/977520.asp
U.S., U.K. economists win Nobel
American Robert F. Engle and Briton Clive W.J. Granger won the 2003 Nobel Memorial
Prize in Economic Sciences on Wednesday for their use of statistical methods for
economic time series.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/977589.asp
Wall Street warms to 'market timing'
The ongoing regulatory probe into illegal trading by mutual funds has cast market
timing in a bad light, but for many on Wall Street the trading strategy is viable,
lucrative and perfectly legal.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/977124.asp
Getting the best workers to stay
With signs of hope in the U.S. job market and many employees restless in their jobs,
companies need to think about how to keep their best workers. Yet employers often seem
clueless, experts say. -- By Jon Bonne
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/977080.asp
NYSE to unveil pay of co-presidents
John Reed, interim chairman of the New York Stock Exchange, told a group of NYSE
members late Tuesday that he will announce within days the compensation of
co-presidents Robert Britz and Catherine Kinney, a pair of long-time Dick Grasso
loyalists.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/977569.asp
U.S. wholesale inventories fall
U.S. wholesalers' inventories dropped unexpectedly in August while sales of goods
posted a solid rise, the government said on Wednesday, in a sign companies may need to
build up depleted supplies to keep up with demand.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/977612.asp
U.S. home loan applications up
Total applications for mortgage loans in the United States rose last week even as
mortgage rates rose, an industry survey found, but housing industry experts say this
is not the start of a new refinancing wave.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/977563.asp
House passes electronic-check bill
The House on Wednesday passed legislation that would allow banks to clear checks
electronically, potentially slashing paperwork in a speedier and less costly process.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/977659.asp
Costco's profit tops lowered estimate
Costco Wholesale Corp., the largest U.S. warehouse club operator, Wednesday posted a 3
percent decline in quarterly profit as rival Sam's Club slashed prices on many items,
sparking what analysts have called a price war.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/977531.asp
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