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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
Dow: 9921.860352 -1.56
NASDAQ: 1904.650024 -3.67
S&P: 1059.050049 -1.13
AMEX: 1112.390015 -12.18
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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Greenspan shifts into neutral
The real take-away from the Fed's post-meeting statement: Collectively, the Fed is
feeling more optimistic on the economy and less pessimistic about deflation risks
ahead.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003722.asp
Stocks end choppy session lower
Wall Street finished Wednesday with slim losses, ending a choppy session in which the
market searched for direction after the Dow industrials' brief foray above the
psychologically-key 10,000 mark.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/158521.asp
Freddie Mac will pay $125 million
Freddie Mac has agreed to pay a $125 million civil fine to settle federal regulators'
allegations of management misconduct and directors' complacency blamed for the
company's $5 billion understatement of earnings and the ouster of four top executives.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003541.asp
U.S. tweaks economic history
The longest economic expansion in U.S. history faltered so much in the summer of 2000
that business output actually contracted for one quarter, the government said
Wednesday in releasing a comprehensive revision of the gross domestic product.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003571.asp
Probe widened into Boeing deals
James Roche, the secretary of the U.S. Air Force has asked the Pentagon's watchdog to
broaden its investigation into an $18 billion deal for 100 Boeing 767 tankers to
include other recent Boeing contracts, the air force said on Tuesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003599.asp
DaimlerChrysler CEO defends deal
DaimlerChrysler Chief Executive Juergen Schrempp testified Wednesday that the 1998
combination of Chrysler and Daimler-Benz was a merger of 'two great entities on an
equal basis,' as he rejected fraud charges for the second straight day.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003615.asp
Dollar rebounds against the yen
The dollar staged a sharp rebound from recent three-year lows on the yen and life lows
on the euro on Wednesday and traders said they strongly suspected Japanese yen-selling
intervention was behind the move.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003545.asp
Pulitzer Prize-winner Bartley dead
Pulitzer Prize-winner Robert Bartley, editor emeritus of The Wall Street Journal, died
early Wednesday after a battle with cancer. He was 66.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003666.asp
Mortgage applications fell last week
Americans filed fewer new requests for a new mortgage last week, bringing the weekly
volume to its lowest level in nearly a year and a half even as mortgage rates fell, a
U.S. industry group said Wednesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003554.asp
Blame Atkins for pricey eggs?
Low-carbohydrate, high-protein diets adopted by millions of people hoping to lose
weight have contributed to sharply rising egg prices, industry experts agree.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/1003576.asp
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