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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
Dow: 9,774.53 +26.22
NASDAQ: 1,936.56 +4.30
S&P: 1,048.11 +1.32
AMEX: 1,062.94 -4.01
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 higher
Wall Street ended modestly higher Wednesday as companies reported generally positive
earnings news, but some investors were disappointed by faltering merger talks between
BellSouth and AT&T.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/158521.asp
NYSE chief to propose reforms
The interim head of the New York Stock Exchange, seeking governance reforms, will
unveil a plan next week to split the board of the exchange, giving power to outside
directors, according to published reports.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/986462.asp
Halliburton's Iraq contract extended
Citing new damage to Iraq's oil industry from saboteurs, the Bush administration
Wednesday delayed its planned replacement of a lucrative no-bid contract that was
awarded to Halliburton Co., Vice President Dick Cheney's former company.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/986595.asp
NASD probing 30 fund firms
NASD, the securities industry's main regulator, is investigating more than 30 firms in
connection with improper mutual fund trading, people familiar with the matter said
Tuesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/986463.asp
SEC says insider traded on Fleet deal
A former FleetBoston Financial Corp. employee in Argentina used insider information in
a bid to illegally profit from the sale of the company to Bank of America Corp, U.S.
securities regulators said on Tuesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/986465.asp
Greenspan urges banks to adapt
As the number of checks written in the United States declines and electronic payments
rise, the nation's banks will need to be flexible and forward thinking in how best to
meet the needs of customers, Federal Reserve Chairman Alan Greenspan said Wednesday
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/986493.asp
BellSouth calls off AT&T talks
BellSouth and AT&T on Tuesday broke off talks about a possible merger less than a week
after they had resumed, once again demonstrating the serious hurdles facing
consolidation in the U.S. telecommunications industry.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/986545.asp
EU cuts 2003 economic forecast
The European Union's head office slashed its economic growth forecast for 2003
Wednesday and said that unemployment would probably worsen next year.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/986495.asp
Boeing profit falls on weak jet sales
Boeing Co. Wednesday said third-quarter profit fell sharply amid weak sales in its
battered commercial jet unit, which also booked a charge for shutting down the 757
program.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/986483.asp
Northrop posts third-quarter profit
Defense contractor Northrop Grumman Corp. on Wednesday reported a third-quarter profit
as sales of its Global Hawk spy plane and combat ship systems climbed.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/986473.asp
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