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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10601.62 +35.25
NASDAQ: 2022.98 +17.54
S&P 500: 1143.67 +4.58
AMEX: 1240.12 +8.04
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Greenspan urges Social Security cuts
Federal Reserve Chairman Alan Greenspan urged Congress on Wednesday to deal with the
country's escalating budget deficit by cutting benefits for future Social Security
retirees. Without action, he warned, long-term interest rates would rise, seriously
harming the economy.
http://www.msnbc.msn.com/id/4371103/
Stocks break five-day losing streak
A modest rally halted Wall Street's five-day losing streak Wednesday, but a lack of
market-moving news and light volume meant there was little conviction behind the gains.
http://www.msnbc.msn.com/id/3683270/
Stewart defense rests quickly
Martha Stewart will not take the stand in her own defense at her stock-fraud trial,
her lawyer said Tuesday.
http://www.msnbc.msn.com/id/4362224/
AT&T expects to cut 4,600 jobs in 2004
AT&T Corp. on Wednesday told analysts it was planning to cut 8 percent of its
workforce, or about 4,600 jobs, this year in a drive to cut costs.
http://www.msnbc.msn.com/id/4373772/
Existing home sales fall 5.2 percent in January
Sales of existing U.S. homes fell 5.2 percent in January, as housing activity settled
after hitting record high levels in 2003, a report by the National Association of
Realtors showed on Wednesday.
http://www.msnbc.msn.com/id/4371067/
ChevronTexaco taking over Enron building
ChevronTexaco Corp. is buying a 40-story downtown Houston skyscraper that Enron Corp.
built and was preparing to expand into before the energy trader collapsed into
bankruptcy.
http://www.msnbc.msn.com/id/4373316/
Some WTC insurance funds already spent
World Trade Center leaseholder Larry Silverstein has already spent about $1.3 billion
of the insurance money he received to cover the destruction of the trade center
complex, according to a published report.
http://www.msnbc.msn.com/id/4370796/
FT: Senators' stocks often outperform market
U.S. senators' personal stock portfolios outperformed the market by an average of 12
percent a year in the five years to 1998, according to a new study.
http://www.msnbc.msn.com/id/4372995/
Bankruptcy filings near 12-month highs
U.S. bankruptcy filings in 2003 were barely changed from record 12-month highs
reported three months earlier, a government report released on Wednesday showed.
http://www.msnbc.msn.com/id/4372746/
Mortgage refinancings rise
The number of Americans applying for a home loan rose last week even as borrowing
costs rose slightly from seven-month lows.
http://www.msnbc.msn.com/id/4369875/
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