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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10737.70 +123.85
NASDAQ: 2089.66 +14.33
S&P 500: 1157.76 +12.22
AMEX: 1246.20 +10.53
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Comcast makes hostile bid for Disney
In a surprise move, cable TV giant Comcast Corp. proposed early Wednesday to buy Walt
Disney Co., the iconic media and entertainment powerhouse that owns the ABC and ESPN
television networks, movie studios and theme parks, for stock valued at about $54
billion.
http://www.msnbc.msn.com/id/4239739/
Greenspan: Economy has turned corner to growth
Federal Reserve Chairman Alan Greenspan said Wednesday the U.S. economy has turned the
corner to vigorous growth but that policy-makers can be patient about interest-rate
rises, though not forever.
http://www.msnbc.msn.com/id/4241216/
Greenspan's optimism boosts stocks
The Dow Jones industrial average posted a triple-digit gain Wednesday, finishing at
its highest level since June 2001, as Wall Street reacted positively to U.S. Federal
Reserve Chairman Alan Greenspan's sanguine assessment of the U.S. economy.
http://www.msnbc.msn.com/id/3683270/
Stewart lawyer seeks to discredit witness
Martha Stewart's lawyer sought Wednesday to discredit the testimony of a government
investigator who quizzed the domestic entrepreneur about her sale of ImClone Systems
stock.
http://www.msnbc.msn.com/id/4221783/
World oil demand still surging
The global thirst for oil continues to outpace expectations, led by surging growth in
demand for crude from China, India and other Asian countries, the International Energy
Agency reported Wednesday.
http://www.msnbc.msn.com/id/4243094/
SEC officially investigating Goodyear
The federal Securities and Exchange Commission is investigating accounting problems at
Goodyear Tire & Rubber Co., the world's largest tire maker said Wednesday.
http://www.msnbc.msn.com/id/4243334/
MCI seeks extension for reorganization
MCI, the second-largest U.S.long-distance telephone company, on Wednesday asked a
federal bankruptcy court for two more months to complete its reorganization plan and
emerge from bankruptcy.
http://www.msnbc.msn.com/id/4242744/
Feds recommend blocking Oracle bid
Business software maker Oracle Corp. lost an important round when the Justice
Department recommended blocking its proposed $9.4 billion takeover of rival PeopleSoft
Inc., but the fierce fight still isn't over.
http://www.msnbc.msn.com/id/4240368/
Disney profit up, releases early after Comcast bid
Walt Disney Co. on Wednesday reported sharply higher quarterly earnings, topping Wall
Street expectations as it released results earlier than planned after Comcast Corp.
launched an unsolicited takeover bid.
http://www.msnbc.msn.com/id/4242830/
Burger King's president resigns abruptly
The president of Burger King has resigned after just a year on the job amid declining
sales for the struggling No. 2 fast-food chain, according to a newspaper report.
http://www.msnbc.msn.com/id/4240835/
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