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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10380.43 +45.70
NASDAQ: 1995.60 +25.61
S&P 500: 1132.00 +6.71
AMEX: 1200.93 +11.57
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks notch gains as rate fears abate
Investors put aside their nervousness about rising interest rates Tuesday and sent
stocks moderately higher, buoyed by a key report on U.S. consumer prices that suggests
the Federal Reserve will not take an aggressive stance toward raising rates at its
next policy meeting later this month.
http://www.msnbc.msn.com/id/3683270/
Consumer prices climbed in May
Consumer prices - stoked by more expensive energy and food products - registered their
largest increase in more than three years last month, a strong sign that inflation is
springing back to life.
http://www.msnbc.msn.com/id/5215228/
Rate hikes likely to be gradual - Greenspan
Federal Reserve Chairman Alan Greenspan, heading for virtually certain Senate approval
for a fifth term at the helm of the U.S. central bank, repeated on Tuesday that
interest-rate rises were likely to be gradual.
http://www.msnbc.msn.com/id/5216060/
Oracle profit rises on improved database sales
Oracle Corp. posted a higher quarterly profit on Tuesday, driven by improved sales of
its flagship high-end database software, as corporate spending on technology improved.
http://www.msnbc.msn.com/id/5217803/
Chrysler to produce two new Dodge Rams
DaimlerChrysler AG's Chrysler Group is adding two high-powered trucks to its Dodge Ram
lineup, furthering an industry trend toward more muscular vehicles.
http://www.msnbc.msn.com/id/5217229/
Gasoline prices may continue decline
Gasoline prices "may be turning a corner" and should continue declining this summer,
though motorists shouldn't expect dramatic decreases at the pump, the Energy
Department said Tuesday.
http://www.msnbc.msn.com/id/5216292/
Oil falls despite Iraq pipeline bombing
Oil prices fell on Tuesday as traders took profits from a rally spurred by a blast
near Iraq's main export terminal that cut exports to a virtual standstill and
underlined the risk of supply disruption in the Middle East.
http://www.msnbc.msn.com/id/5214912/
U.S. hiring plans near boom levels
U.S. companies are gearing up to create jobs at rates not seen since the height of the
1990s boom, a survey released Tuesday showed, adding to evidence that job growth will
keep the U.S. economic recovery rolling.
http://www.msnbc.msn.com/id/5214916/
Consumers upbeat despite high gas costs
U.S. consumer sentiment brightened in early June as an improving jobs market offset
the effect of high gas prices, the instability in Iraq and higher interest rates,
analysts said on Tuesday.
http://www.msnbc.msn.com/id/5216084/
Mandalay, MGM Mirage boards mull merger
Boards for Mandalay Resort Group and MGM Mirage were meeting Tuesday to approve a $4.8
billion cash offer that would merge the two gambling companies into the industry's
dominant casino operator.
http://www.msnbc.msn.com/id/5214920/
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