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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
Dow: 9837.940430 -10.89
NASDAQ: 1967.349976 -5.76
S&P: 1058.410034 -0.12
AMEX: 1077.660034 +1.51
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
Wall Street ended lower Thursday after new government data showed a slightly higher
number of jobless claims and a larger-than-expected trade deficit, and investors
sought profits following a sharp run-up in the previous session.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/158521.asp
SEC reaches agreement with Putnam
The Securities and Exchange Commission said Thursday it had reached a settlement with
Putnam Investments under which the company will undertake significant reforms and
agreed to a process for repaying investors harmed by excessive market timing.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993249.asp
Dell profits rise as PC sales grow
Dell Inc. said Thursday third-quarter profits rose as the No. 1 personal computer
maker kept costs low and benefited from an increase in sales of server computers and
data storage.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993251.asp
30-year mortgage rates edge up
Mortgage rates around the country edged up this week, contributing to a slowdown in
home refinancing.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/913361.asp
Record imports widen U.S. trade gap
The U.S. trade deficit widened in September to $41.3 billion, as the strengthening
U.S. economy propelled imports from China and the rest of the world to record levels,
the government said on Thursday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993062.asp
Firestone, union break off talks
The tiremaker and it largest union broke off talks Thursday, raising the spector of a
strike.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993228.asp
Richmond Fed president retiring
J. Alfred Broaddus Jr., the head of the Federal Reserve Bank of Richmond and a close
ally of Federal Reserve Chairman Alan Greenspan, announced Thursday that he will
retire next Aug. 1, shortly after he turns 65.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993208.asp
Pilgrim Baxter founders quit
South Africa's Old Mutual became the latest victim of an investigation into mutual
fund trading practices on Thursday after the founders of one of its U.S. asset
managers were forced to quit.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993211.asp
FleetBoston discloses subpoenas
FleetBoston Financial Corp. said Thursday that its subsidiaries have been subpoenaed
by state and federal regulators investigating market timing abuses in mutual funds.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993207.asp
Budget deficit a concern - Bush aide
Mankiw said he saw the U.S. economy growing above the historical rate in the year
ahead, but added he did not expect it to keep up the pace seen in the third quarter of
2003.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/993115.asp
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