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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 9968.51 +61.60
NASDAQ: 1897.82 +21.18
S&P 500: 1091.53 +7.43
AMEX: 1163.61 -6.24
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Greenspan renominated as Fed chairman
President Bush has renominated Alan Greenspan as chairman of the Federal Reserve.
http://www.msnbc.msn.com/id/5005706/
Bargain hunters buoy Wall Street
Wall Street rebounded Tuesday after two straight days of sharp losses, as
lower-than-expected housing figures indicated the economy might be cooling, leading at
least some buyers back into the market.
http://www.msnbc.msn.com/id/3683270/
U.S. gasoline price tops $2 a gallon
The U.S. average price for retail gasoline burst above the $2 a gallon threshold for
the first time ever, jumping 7.6 cents over the last week to a record high $2.017 a
gallon Monday, the government said.
http://www.msnbc.msn.com/id/5003750/
Memorial Day auto travel to rise 3.4%
U.S. vacationers will travel more this Memorial Day weekend than last year as a
recovering economy plays a bigger role in their plans than record gasoline prices, the
AAA said Tuesday.
http://www.msnbc.msn.com/id/5004738/
Saudis seen too late to stem fuel-price rise
Saudi Arabia, the world's largest oil exporter, will be able to do little to stem
rising oil and petrol prices this summer because it acted too late and produces the
wrong type of oil to make gasoline, analysts said on Monday.
http://www.msnbc.msn.com/id/5005247/
Housing construction dips in April
The number of housing projects builders broke ground on dipped in April, but even with
the decline the level of activity still suggested that the residential construction
sector of the economy remains healthy.
http://www.msnbc.msn.com/id/5004138/
Investment firms fined $15M over IPOs
Three major investment firms were fined a total of some $15 million by securities
regulators Tuesday for alleged improper distributions of hot new stocks to certain
customers in return for inflated commissions.
http://www.msnbc.msn.com/id/5005477/
Martha Stewart TV show suspended
Martha Stewart's home decorating and cooking show will be suspended as of the
2004-2005 season as Stewart contends with a criminal conviction, her company said on
Tuesday.
http://www.msnbc.msn.com/id/5004994/
Home Depot builds profits
Home Depot Inc. on Tuesday said first-quarter earnings jumped 21 percent, topping
estimates, driven by store improvements, strong appliance sales and big gains in
services revenue.
http://www.msnbc.msn.com/id/5003729/
More Halliburton payments withheld
Pentagon auditors have recommended withholding nearly $160 million in payments to
Halliburton Corp., saying the company charged the military for meals in and around
Iraq that were never served.
http://www.msnbc.msn.com/id/5003751/
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