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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10702.51 +134.22
NASDAQ: 2153.83 +29.96
S&P 500: 1155.37 +13.82
AMEX: 1222.97 +2.70
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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USDA lifts hold on some cattle herds
USDA lifted hold orders on herds in Mabton, Mattawa, Sunnyside, and Connole,
Washington and Boardman, Oregon.
http://msnbc.msn.com/id/4065599/
Forbes: The worst cars of all time
The current lucky generation of automotive customers has no real understanding of how
truly awful a car can be.
http://msnbc.msn.com/id/4063790/
Existing home sales surge in December
Sales of existing U.S. homes rose in December by 6.9 percent, the National Association
of Realtors said on Monday.
http://msnbc.msn.com/id/4063266/
Greenspan's comments boost stocks
An late-afternoon rally sent stocks soaring Monday, lifting the Dow Jones industrial
average to its highest level in 31 months, as investor sentiment was boosted by some
encouraging comments from U.S. Federal Reserve Chairman Alan Greenspan.
http://msnbc.msn.com/id/3683270/
Hill budget office sees record deficit this year
The federal deficit will hit a record $477 billion this year and get worse if
lawmakers cut taxes or increase spending, the Congressional Budget Office projected
Monday in a report sure to become ammunition in the election-year fight over red ink.
http://msnbc.msn.com/id/4063380/
MCI can sue Ebbers, former top executives
A court-appointed examiner investigating MCI said Monday the bankrupt telephone
company can sue former Chief Executive Bernie Ebbers and other top executives should
it seek reparations for their roles in its $11 billion accounting scandal.
http://msnbc.msn.com/id/4063258/
Gas prices up nearly 7 cents
Retail gas prices climbed nearly 7 cents per gallon over the past two weeks, driven
largely by higher crude oil costs, a nationwide industry survey found Sunday.
http://msnbc.msn.com/id/4062233/
FT: Kraft set to cut up to 6,500 jobs
Kraft Foods is expected on Tuesday to unveil a sweeping restructuring and cost-cutting
program including the loss of up to 6,500 jobs, analysts say.
http://msnbc.msn.com/id/4062274/
American Express reports 12% rise in earnings
American Express, the consumer finance and travel company, reported a 12 percent rise
in fourth quarter profit.
http://msnbc.msn.com/id/4065031/
Sanofi launches hostile bid for Aventis
Sanofi Synthélabo, the French pharmaceuticals group, on Monday launched a �,�48.5bn
($61 billion) hostile takeover bid for Aventis, its larger Franco-German rival, in a
daring move to create the third-largest drugs group in the world.
http://msnbc.msn.com/id/4062269/
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