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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10334.16 -101.32
NASDAQ: 2015.55 -32.24
S&P 500: 1128.98 -11.86
AMEX: 1245.93 -3.89
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks sink as investors digest data
Stocks were drifting lower Thursday, as investors turned their attention to economic
news and corporate profit forecasts following a much-anticipated rise in interest
rates a day earlier.
http://www.msnbc.msn.com/id/3683270/
Time Warner joins bidding war for MGM
A bidding war has broken out for Metro-Goldwyn-Mayer, with Time Warner Inc. making a
nearly $5 billion offer for the venerable Hollywood studio, according to newspaper
reports.
http://www.msnbc.msn.com/id/5340359/
Manufacturing activity increases again
The manufacturing sector expanded for the 13th consecutive month in June, albeit at a
slightly slower pace, an industry group reported Thursday.
http://www.msnbc.msn.com/id/5342467/
Ford's domestic sales dropped in June
Ford Motor Co. Thursday said its U.S. sales fell in June, as it continued to suffer
from an aging vehicle lineup.
http://www.msnbc.msn.com/id/5343348/
Weekly jobless claims rise slightly
The number of new people signing up for jobless benefits rose slightly last week,
although the overall pace of recent applications suggests the labor market remains in
recovery mode.
http://www.msnbc.msn.com/id/5341704/
Stewart lawyers again urge new trial
Lawyers for Martha Stewart submitted new court papers urging a judge to grant her a
new trial based on perjury charges against a Secret Service ink expert who testified
for the government.
http://www.msnbc.msn.com/id/5340369/
Oracle's Ellison defends PeopleSoft bid
Oracle Corp. CEO Larry Ellison defended his company's $7.7 billion bid for rival
business software maker PeopleSoft Inc. as a radical but necessary move during
testimony Wednesday in an antitrust trial challenging the proposed deal.
http://www.msnbc.msn.com/id/5340386/
Goldman Sachs to pay for improper sales
Goldman Sachs & Co. will pay $2 million to settle charges of improperly trying to
promote initial public stock offerings before they received regulatory approval, the
Securities and Exchange Commission announced Thursday.
http://www.msnbc.msn.com/id/5343168/
J.P. Morgan completes Bank One deal
J.P. Morgan Chase & Co. has completed its $58 billion purchase of Bank One Corp.,
forming the nation's second-largest bank with more than $1 trillion in assets, company
officials announced Thursday.
http://www.msnbc.msn.com/id/5341874/
Drug firm Charles River inks $1.5 billion deal
Charles River Laboratories International Inc. said Tuesday it will buy Inveresk
Research Group Inc. for $1.5 billion in cash and stock in a merger of two companies
hoping to capitalize on the growing market for drug research and development.
http://www.msnbc.msn.com/id/5341859/
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