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Today's Business Headlines - Market Close from MSNBC.com
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Wall Street Watch: Complete coverage
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Business
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Blue chips close higher after upbeat data
Blue-chip stocks closed higher Tuesday, as investors digested a trio of economic
reports - one on gross domestic product, the others on consumer sentiment and
spending. The data provided investors additional evidence of an improving economy.
http://msnbc.msn.com/id/3683270/
Spending, economy grow at healthy pace
The U.S. economy, propelled by tax cuts and low interest rates, roared ahead at an 8.2
percent annual rate in the third quarter, the best showing in nearly 20 years, while
Americans' incomes and spending both showed healthy gains in November.
http://msnbc.msn.com/id/3791562/
Consumer sentiment revised upwards
U.S. consumer sentiment fell in December, but improved in the second half of the month
after the capture of former Iraqi dictator Saddam Hussein, market sources said on
Tuesday.
http://msnbc.msn.com/id/3792524/
Nasdaq denies interest in NYSE merger
Nasdaq reportedly approached the New York Stock Exchange to explore the possibility
of a merger, the Wall Street Journal said in its Tuesday edition. Later in the day, a
spokesperson for Nasdaq denied the Journal's report.
http://msnbc.msn.com/id/3788536/
Martha Stewart trial schedule set
Prosecutors and defense lawyers in the criminal trial of Martha Stewart will have six
days to review jury questionnaires and move to dismiss panelists with conflicts in the
case, according to a schedule set by the presiding judge.
http://msnbc.msn.com/id/3794181/
Penthouse publisher files reorganization plan
Penthouse magazine publisher General Media Inc. Tuesday filed a bankruptcy
reorganization plan that will put a new group of creditors in charge of remaking a
racy men's magazine hurt by newer rivals and Internet pornography.
http://msnbc.msn.com/id/3794479/
Bank of America claims Parmalat fraud
European food giant Parmalat, the embattled dairy giant in the limelight over a
scandal resulting in billions of euros worth of missing money, announced Tuesday it is
seeking bankruptcy protection.
http://msnbc.msn.com/id/3791071/
No cash bonuses for Delta executives
Delta Air Lines' new chief executive, Gerald Grinstein, said on Tuesday the airline
will not give cash bonuses for 2003 to top executives and that it is rethinking its
approach to executive compensation.
http://msnbc.msn.com/id/3794880/
Russia's richest man to remain jailed
A Moscow court ruled Tuesday that prosecutors can keep Russia's richest man jailed
another three months while investigating him on fraud and tax evasion charges widely
considered to be politically motivated.
http://msnbc.msn.com/id/3793720/
Disclosure of Grasso pay report sought
Some of the New York Stock Exchange's seatholders are calling for public disclosure of
a report the exchange plans to give its new board this week on how ex-chairman Dick
Grasso became Wall Street's $187.5 million man.
http://msnbc.msn.com/id/3791101/
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