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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10262.97 +60.32
NASDAQ: 1988.98 -1.79
S&P 500: 1124.99 +3.79
AMEX: 1202.82 -0.28
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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GM ups ante in Detroit price war
General Motors Corp., raising the ante in Detroit's brutal price war, said on
Wednesday it was increasing the cash rebates on most of its 2003 and 2004 model year
vehicles to $5,000.
http://www.msnbc.msn.com/id/5121227/
Wall Street mixed amid oil concerns
Stock indices were mixed Wednesday, as the Organization of Petroleum Exporting
Countries (OPEC) signaled it would boost output to help curb surging oil prices.
http://www.msnbc.msn.com/id/3683270/
OPEC chief calls for higher oil output
OPEC, which already is pumping close to its production capacity, must boost oil output
further to make a "really significant impact" on surging crude prices, the group's
president said Wednesday.
http://www.msnbc.msn.com/id/5119341/
U.S. oil shies from all-time high
U.S. oil prices slipped on Wednesday away from a fresh record high of $42.45 struck on
fears that a campaign of violence by Islamic militants in Saudi Arabia could
destabilize the world's biggest crude exporter.
http://www.msnbc.msn.com/id/5098489/
Spitzer sues GlaxoSmithKline over Paxil
GlaxoSmithKline PLC committed fraud by withholding negative information and
misrepresenting data on prescribing its antidepressant Paxil to children, according to
a lawsuit filed Wednesday by New York Attorney General Eliot Spitzer.
http://www.msnbc.msn.com/id/5120989/
U.S. loan applications to buy homes rise
U.S. applications for mortgage loans to buy homes rose while refinancings trickled
lower last week, an industry trade group said on Wednesday.
http://www.msnbc.msn.com/id/5119407/
U.S. CEO survey sees increase in hiring
Thirty-eight percent of chief executives expect their companies to add U.S. jobs over
the next six months, up from 33 percent in March, a survey of leading U.S. CEOs said
on Wednesday.
http://www.msnbc.msn.com/id/5120773/
High gas prices crimp teens' cruising
The American teen tradition of cruising is taking a back seat to today's record-high
price for a gallon of gas.
http://www.msnbc.msn.com/id/5119397/
Visa delays costing U.S. firms billions
Corporate America has suffered $30.7 billion in lost revenue and other costs over the
past two years as a result of delays in visas for foreign business travelers,
according to eight U.S. business organizations.
http://www.msnbc.msn.com/id/5120779/
Gas-price rise stalls over holiday weekend
The price of gasoline fell slightly over the Memorial Day weekend, stalling a rise in
U.S. pump prices to record highs and offering relief to millions of motorists, the AAA
auto club said on Tuesday.
http://www.msnbc.msn.com/id/5113239/
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