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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10357.70 -24.00
NASDAQ: 1994.22 -6.41
S&P 500: 1126.21 -0.79
AMEX: 1256.75 +8.77
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks reverse losses, edge higher
Wall Street edged higher Wednesday, scaling back earlier losses triggered by news that
the Organization of Petroleum Exporting Countries (OPEC) plans to move ahead with a
production cut, potentially driving up energy costs.
http://www.msnbc.msn.com/id/3683270/
OPEC to implement planned output cuts
OPEC powerhouse Saudi Arabia on Wednesday secured majority cartel support for
endorsing tighter oil supply curbs, shrugging aside consumer concerns about crude
prices close to 13-year highs.
http://www.msnbc.msn.com/id/4637176/
Pump busters 2004
Forbes reports on the most fuel-efficient 2004 model cars by category.
http://www.msnbc.msn.com/id/4631390/
Factory orders edge up in February
Factory orders rose just 0.3 percent in February, the Commerce Department reported
Wednesday, well below economists' expectations.
http://www.msnbc.msn.com/id/4637965/
Midwest business growth surprisingly slow
Midwest business activity expanded in February, but at a slower rate than expected,
the National Association of Purchasing Management-Chicago business barometer showed
Wednesday.
http://www.msnbc.msn.com/id/4638266/
Tyco jury deliberations get back on track
Jury deliberations in the Tyco trial are back on track. The panel Wednesday was
re-hearing testimony about bonuses and forgiven loans of former executives Dennis
Kozlowski and Mark Swartz.
http://www.msnbc.msn.com/id/4638162/
Audit board proposes stock-options rule
The rule-setting board for accounting on Wednesday moved toward requiring companies to
deduct from the bottom line the cost of stock options given to executives and
employees, an action with profound consequences for profits and executive pay in
Corporate America.
http://www.msnbc.msn.com/id/4637770/
Fed denies Greenspan heart-attack rumor
The U.S. Federal Reserve said on Wednesday there was no truth to rumors that Fed
Chairman Alan Greenspan had suffered a heart attack.
http://www.msnbc.msn.com/id/4638419/
EMI to cut 1,500 jobs
Music company EMI Group PLC said Wednesday it will slash staffing by 20 percent in its
recorded music division, largely because it is ceasing manufacturing CDs and DVDs in
the United States and Europe.
http://www.msnbc.msn.com/id/4637180/
U.S. mortgage applications dip
New U.S. mortgage applications fell slightly last week for a second straight week, as
mortgage rates inched up to their highest levels in a month, an industry trade group
said on Wednesday.
http://www.msnbc.msn.com/id/4637375/
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