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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10379.58 -0.85
NASDAQ: 1998.23 +2.63
S&P 500: 1133.60 +1.59
AMEX: 1206.10 +5.17
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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U.S. economy expanded in April, May - Fed
The U.S. jobs picture showed signs of improvement in April and May, the Federal
Reserve said on Wednesday, as potentially worrisome wage pressures and consumer prices
appeared tame.
http://www.msnbc.msn.com/id/5225988/
Stocks struggle amid economic news
Stocks struggled Wednesday, as the market shrugged off a pair of economic reports
suggesting continued strength in the recovery.
http://www.msnbc.msn.com/id/3683270/
New-home construction dips
The number of housing projects builders broke ground on dipped in May, but even with
the decline the level of activity was quite brisk, fresh testimony to the good health
of the residential construction market. Total housing permits were the highest in over
three decades.
http://www.msnbc.msn.com/id/5224007/
Industrial production surged in May
Big industry production surged by 1.1 percent in May, the strongest showing in nearly
six years, a fresh sign that manufacturers are on a firm recovery path and the
national economy possesses good momentum.
http://www.msnbc.msn.com/id/5224232/
OPEC presses non-members for more oil
OPEC said on Wednesday it will ask producers outside the cartel to raise output to
help cool high prices, but got a quick reply from Russia saying it had no slack in its
system to boost exports.
http://www.msnbc.msn.com/id/5223256/
Pistons owner stays out of public eye
William Davidson is the first person to won two world champions in different sports --
The NBA's Detroit Pistons and the NHL's Tampa Bay Lightning. How does such such a
successful man stay out of the public's eye?
http://www.msnbc.msn.com/id/5225449/
Martha Stewart expert pleads not guilty
Ink expert Larry Stewart pleaded not guilty Wednesday to charges that he lied
repeatedly on the witness stand while testifying for the government at the Martha
Stewart trial.
http://www.msnbc.msn.com/id/5224729/
Sprint to cut up to 1,100 jobs
Communications provider Sprint Wednesday said it will reduce its workforce by up to
1,100, including up to 850 Sprint Business Solutions employees and up to 250 employees
in corporate functions that support SBB.
http://www.msnbc.msn.com/id/5224193/
Delta CEO: Airline can't survive as is
Delta Air Lines Chief Executive Gerald Grinstein on Wednesday said it is "completely
clear" the No. 3 U.S. airline cannot survive as is, as fare levels continue to erode
despite an improving economy.
http://www.msnbc.msn.com/id/5224196/
Calif. told to refund $270 million to Enron, others
As California struggled through the 2000-2001 energy crisis, Enron traders gloated
about gouging the state. Now state Attorney General Bill Lockyer says federal
regulators are heaping insult upon injury by demanding California pay Enron and other
energy companies almost $270 million in refunds.
http://www.msnbc.msn.com/id/5223287/
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