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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
Dow: 9680.009766 +49.11
NASDAQ: 1911.900024 +18.12
S&P: 1038.729980 +4.95
AMEX: 1015.950012 +2.14
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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Jobs data, earnings lift stocks
Stocks posted moderate gains Thursday, as Wall Street reacted to an unexpectedly big
drop in weekly jobless claims and solid earnings news from companies like Yahoo! -- By
Roland Jones
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/534548.asp
Weekly jobless claims decline
New claims for unemployment insurance slid last week to their lowest level in eight
months, a hopeful sign that companies may be having a bit more faith in the staying
power of the economic recovery and thus are easing the pace of layoffs.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/978039.asp
Pay at issue in Kozlowski trial
John Fort, a former Tyco director who ran the conglomerate before naming Kozlowski his
successor in the early 1990s, testified that all of Kozlowski's compensation as
chairman had to be approved by a committee of directors.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/978224.asp
Mortgage rates up on economic news
Mortgage rates rose this week on renewed optimism about the economy after last week's
relatively strong employment report, Freddie Mac reported Thursday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/913361.asp
U.S. auto sales forecast raised
Strong summer sales and the end of major fighting in Iraq has improved the U.S.
automotive market, raising expected domestic vehicle sales in 2003 to 16.6 million, a
dealers group said Thursday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/978204.asp
New $20 bill begins circulating
The revamped U.S. $20 bill, with its faint tinge of peach color in the background,
began making its way into bank vaults and consumers' pockets Thursday, accompanied by
a $30 million advertising campaign to alert the public the change.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/978088.asp
Cold snap lifts U.S. retailers' sales
Wal-Mart Stores Inc. and other U.S. retailers Thursday posted better-than-expected
September sales as a last-minute blast of cool weather across the eastern United
States drove demand for fall merchandise.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/978060.asp
Quattrone takes the stand
Quattrone is charged with obstruction of justice and witness tampering. The charges
carry a potential prison sentence of up to 25 years.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/978226.asp
Ex-Qwest CEO to settle charges
Joseph Nacchio, former chief executive of Qwest Communications International Inc.,
agreed to pay $400,000 to settle charges he unjustly profited from initial public
stock offerings, New York Attorney General Eliot Spitzer said on Thursday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/978130.asp
EU sets deadline for Microsoft
"Ten weeks to respond in comparison to the 20 months it took them to put this file
together is disappointing because there's a lot of new information in there,"
Microsoft spokeswoman Tiffany Steckler said.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/978128.asp
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