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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10461.20 +143.93
NASDAQ: 2032.91 +37.28
S&P 500: 1139.95 +15.86
AMEX: 1248.19 +18.15
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks surge amid upbeat earnings
Stocks surged Thursday, as investors set aside their concerns about rising interest
rates and focused instead on bullish earnings reports from blue-chip companies like
Caterpillar and Boeing.
http://www.msnbc.msn.com/id/3683270/
Iraq-rebuilding efforts falter amid strife
As violence continues to rock major Iraqi cities, American contractors are struggling
to balance the need to keep their employees safe with the desire to keep working on
lucrative reconstruction projects. On Thursday, German engineering giant Siemens AG
pulled its employees out of the country, while General Electric Co. suspended some of
its operations because of security concerns.
http://www.msnbc.msn.com/id/4807734/
Wholesale prices jump on food, energy
A big jump in food prices helped push U.S. wholesale prices sharply higher last month,
the government said on Thursday in a report likely to sustain budding inflation
worries.
http://www.msnbc.msn.com/id/4805798/
Jobless claims fell by 9,000 last week
Fewer people signed up for jobless benefits last week, a sign that companies are
feeling less inclined to slash their work forces now that the economy is rebounding.
http://www.msnbc.msn.com/id/4805890/
Stiffing Uncle Sam is easy
The Internal Revenue Service tries mightily to put the fear of the Almighty in U.S.
taxpayers. But in reality, the agency simply isn't well suited to collect back taxes.
http://www.msnbc.msn.com/id/4806599/
Under pressure, Adelphia goes on the block
Bankrupt cable TV operator Adelphia Communications Corp., under pressure from
creditors and shareholders, on Thursday said it put itself on the block in what could
be one of the largest court-managed auctions ever.
http://www.msnbc.msn.com/id/4807859/
30-year mortgage rates near 6 percent
Rates on benchmark 30-year mortgages rose for the fifth week in a row, climbing to
their highest level of the year.
http://www.msnbc.msn.com/id/4808433/
Novartis rides to Aventis rescue
Novartis AG will start merger talks with Franco-German Aventis SA to help it fight off
a hostile bid from Sanofi-Synthelabo SA , the Swiss pharmaceuticals group said on
Thursday.
http://www.msnbc.msn.com/id/4805408/
Gillette CEO turns down Coke top job
Gillette chairman and chief executive James Kilts has taken himself out of
consideration to be Coca-Cola Co.'s new chief executive, a newspaper reported.
http://www.msnbc.msn.com/id/4805397/
Ford retools management
Ford Motor Co. , in a shake-up of its senior executives, on Thursday named Jim Padilla
as chief operating officer, taking the title from Nick Scheele, who will continue as
president.
http://www.msnbc.msn.com/id/4806216/
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