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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10300.30 +115.63
NASDAQ: 1976.76 +33.67
S&P 500: 1123.78 +13.08
AMEX: 1238.80 +11.65
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Wall Street stages another strong rally
Wall Street rallied for a second straight day Wednesday, despite news of soaring oil
prices and a powerful bomb explosion in Iraq. Analysts said investors were buoyed by
new data that show inflation remains tamed and the Federal Reserve's suggestion that
it is in no hurry to raise interest rates.
http://www.msnbc.msn.com/id/3683270/
U.S. oil surges past $38 a barrel
U.S. oil prices roared to its highest closing price in over 13 years on Wednesday as a
drop in already low gasoline inventories sharpened the threat of a supply crunch that
could hurt economic growth.
http://www.msnbc.msn.com/id/4547560/
Consumer inflation still tame in February
U.S. consumer prices rose at a slower pace last month, government data showed on
Wednesday, as energy costs moderated compared with the previous month's surge.
http://www.msnbc.msn.com/id/4546493/
Bank of America, Fleet shareholders OK merger
Shareholders from both Bank of America and FleetBoston Financial on Wednesday approved
a $47 billion merger taht would crate the third-largest bank in America.
http://www.msnbc.msn.com/id/4546284/
Snow defends Bush jobs record
With the Bush administration under fire from Democrats for a record of lackluster job
growth amid a strong economy, Treasury Secretary John Snow said Wednesday that the
government's economic reports don't adequately track a large number of self-employed
workers.
http://www.msnbc.msn.com/id/4549325/
Class-action status denied in Firestone suit
A judge Wednesday refused to grant national class-action status to a lawsuit alleging
deadly defects in a line of Firestone tires.
http://www.msnbc.msn.com/id/4549274/
Some of Halliburton's Iraq bills withheld
The Pentagon said on Wednesday it would withhold payment on 15 percent of meal bills
from Texas firm Halliburton under a logistics contract in Iraq that is under military
auditors' scrutiny.
http://www.msnbc.msn.com/id/4549127/
Tyco executives stole 'with both fists'
Any money taken by two former Tyco International executives that wasn't authorized in
the company's records is "wrongful, plainly and simply," a prosecutor told jurors
Wednesday.
http://www.msnbc.msn.com/id/4548080/
Witness: Adelphia paid for Rigas' bill
Adelphia Communications paid for a wide variety of Rigas family purchases, an
accounts-payable manager at the company testified Wednesday.
http://www.msnbc.msn.com/id/4549279/
Banks had early WorldCom concerns
Analysts at three big banks expressed misgivings about the financial soundness of now
bankrupt WorldCom in early 2001, months before they helped the company sell $12
billion in debt, the New York Times said on Wednesday.
http://www.msnbc.msn.com/id/4547364/
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