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Today's Business Headlines - Market Close from MSNBC.com
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Wall Street Watch: Complete coverage
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Business
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Higher fuel costs threaten airline recovery
Airlines have hit a strong, new headwind from higher oil prices. The only question now
is whether that cost will cut into industry profits or consumers' travel budgets
through fare hikes.. By MSNBC.com's John W. Schoen
http://www.msnbc.msn.com/id/5023489/
Summer travel seen not hurt by gas prices
Gas prices that have soared above $2 a gallon should be little more than a speedbump
for a record number of American vacationers expected this summer, according to travel
industry experts.
http://www.msnbc.msn.com/id/5020754/
Oil, inflation fears keep stocks in limbo
Stocks closed Thursday flat, as investors struggled to overcome their fears of rising
oil prices and the specter of inflation.
http://www.msnbc.msn.com/id/3683270/
30-year mortgage rates stall after 8-week climb
Fixed-rates for 30-year mortgage loans fell this week to 6.30 percent, breaking an
eight-week climb, Freddie Mac reported on Thursday.
http://www.msnbc.msn.com/id/5023761/
State officials ask U.S. to probe gas prices
Democratic attorneys general in seven states asked the Bush administration Thursday to
join them in investigating whether big oil companies are illegally pushing up gasoline
prices.
http://www.msnbc.msn.com/id/5022488/
WashPost: Smaller cars gain ground
As average gas prices have topped $2 a gallon this month for the first time, cracks
are emerging in America's decade-long obsession with bigger and bigger vehicles.
http://www.msnbc.msn.com/id/5016505/
OPEC committed to supplying more oil
OPEC oil producers are committed to supplying more crude to world markets but the
current spike in prices is due to factors beyond the group's control, the cartel's
president said on Thursday.
http://www.msnbc.msn.com/id/5020722/
Strong founder settles with regulators
Strong Financial Corp. founder and CEO Richard Strong agreed to pay a $60 million fine
to settle allegations he made $1.8 million in profits through improper trading in
mutual funds, regulators said.
http://www.msnbc.msn.com/id/5022459/
American Express faces disciplinary action
American Express Co. said staff of the National Association of Securities Dealers is
leaning toward recommending enforcement action against the financial-services
company's broker-dealer subsidiary because of its revenue-sharing arrangements with
mutual funds.
http://www.msnbc.msn.com/id/5022476/
Google isn't keeping quiet after IPO filing
This may be the "quiet period" before Google Inc.'s initial public offering of stock,
but the company is bucking tradition by making plenty of noise.
http://www.msnbc.msn.com/id/5017310/
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