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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10671.99 -42.89
NASDAQ: 2076.47 -3.88
S&P 500: 1151.82 -5.17
AMEX: 1244.43 -11.23
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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White House retreats from job predictions
The White House backed away Wednesday from its own prediction that the economy will
add 2.6 million new jobs before the end of this year, saying the forecast was the work
of number-crunchers and that President Bush was not a statistician.
http://www.msnbc.msn.com/id/4303329/
Blue chips slide after housing data
A drop in housing starts gave investors an incentive to collect profits Wednesday,
sending blue-chip stocks down sharply.
http://www.msnbc.msn.com/id/3683270/
Five NYSE firms agree to settle with SEC
Five New York Stock Exchange specialist firms tentatively agreed to pay $240 million
in a settlement with the Securities and Exchange Commission to avoid civil charges for
allegedly mishandling trades and skimming profits on the floor of the Big Board,
according to people close to the talks.
http://www.msnbc.msn.com/id/4301220/
Specialist fines won't go very far
The agreement between the SEC and five NYSE specialist firms to settle allegations of
improper trading practices could eventually bring refunds to investors who claim they
were cheated by traders.
http://www.msnbc.msn.com/id/4304082/
Company lawyer testifies Stewart knew of probe
Friends of the star witness in the Martha Stewart trial will be allowed to tell jurors
what he confided to them just after the domesticity maven dumped ImClone Systems
stock, a judge has ruled. Meanwhile, a federal appeals panel ruled that the media
should have been given access to jury selection.
http://www.msnbc.msn.com/id/4221783/
Driving risks increase with age - AAA
A new study says drivers over 65 are 25 percent more likely to get into auto accidents
than their middle-aged counterparts -- and the very elderly even more so.
http://www.msnbc.msn.com/id/4304280/
Forbes: Rapper's delight - A billion-dollar industry
The billion-dollar hip hop industry has moved beyond just music as investors are
noticing a lucrative market within the culture.
http://www.msnbc.msn.com/id/4304261/
January housing starts fall 7.9 percent
U.S. housing starts fell more sharply than expected in January to the lowest level
since August in a sign the housing boom may finally be losing steam, a government
report showed on Wednesday.
http://www.msnbc.msn.com/id/4301470/
United Airlines unveils new look for planes
UAL Corp.'s United Airlines on Wednesday said it was unveiling a new branding
campaign, including a new look for its airplanes.
http://www.msnbc.msn.com/id/4303741/
Oracle says $26 PeopleSoft offer is 'final'
Oracle Corp.'s $26-a-share takeover offer for rival PeopleSoft Inc. is its "final
offer," Oracle Chief Executive Larry Ellison said in a letter sent to PeopleSoft
shareholders on Tuesday.
http://www.msnbc.msn.com/id/4301277/
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