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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10145.26 +15.70
NASDAQ: 1921.33 -2.96
S&P 500: 1076.48 +1.35
AMEX: 1135.24 +5.86
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks close seesaw session mixed
Stocks were mixed at Wednesday's close, finishing a seesaw session in which investors
digested a handful of downbeat earnings reports from the likes of Circuit City Stores
and FedEx and cashed in gains from the previous session's triple-digit rally.
http://msnbc.msn.com/id/3683270/
Alliance Capital seen near settlement
Investors in Alliance Capital Management LP mutual funds would save $350 million on
fees over the next five years, while current investors will share a $250 million
restitution fund under two deals to settle allegations the firm permitted favored
customers to make improper short-term trades, state and federal officials said Tuesday.
http://msnbc.msn.com/id/3735805/
NYSE to split chairman, CEO positions
As federal regulators gave their blessing to a proposed overhaul of the New York Stock
Exchange, the NYSE agreed Wednesday to make a further change by splitting the
positions of its chairman and chief executive officer to avoid concentrating excessive
power in one person.
http://msnbc.msn.com/id/3737195/
Arch rivals: H-P vs. Dell
Dell and Hewlett-Packard dominate the PC business. While Dell is winning at nearly
every turn, H-P is working overtime to catch up with its younger, stronger rival. By
CNBC's Cory Johnson.
http://msnbc.msn.com/id/3737742/
United States reaches free trade agreement
Overcoming a last-minute snag on textiles, the United States reached a free trade
agreement on Wednesday with four Central American countries.
http://msnbc.msn.com/id/3739355/
Orbitz stock trades heavily in debut
Orbitz Inc. made a roller-coaster debut as a publicly traded company Wednesday - its
shares initially surging 18 percent and then falling back in heavy volume that
underscored investors' revived interest in IPOs.
http://msnbc.msn.com/id/3740579/
Best Buy cuts outlook, Circuit City posts loss
Best Buy Co. Inc. the top U.S. electronics retailer, Wednesday said fourth-quarter
earnings would miss Wall Street estimates and rival Circuit City Stores Inc. reported
a wider than expected quarterly loss, in the latest signs of a disappointing holiday
shopping season.
http://msnbc.msn.com/id/3738735/
Bear Stearns, Lehman Bros. profits rise
Lehman Brothers and Bear Stearns Cos, two of Wall Street's top investment banks, on
Wednesday said that strong bond business drove quarterly profits higher, while stock
trading and underwriting showed signs of picking up.
http://msnbc.msn.com/id/3738141/
FedEx profits clipped by special charges
FedEx Corp, the world's leading air-express group, on Wednesday said restructuring
charges drove down net quarterly earnings as revenues were aided by more U.S. ground
and international deliveries.
http://msnbc.msn.com/id/3737240/
Putnam fires 9 more staff over trades
Putnam Investments Tuesday said it discharged another nine employees for improper
trading, bringing to 15 the total number of staff let go after the money manager
became enmeshed in state and federal probes.
http://msnbc.msn.com/id/3737227/
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