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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10213.22 +41.66
NASDAQ: 1946.33 +11.01
S&P 500: 1112.81 +3.70
AMEX: 1261.16 +6.11
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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FDA delays tougher rules on mad cow
Half a year after the first U.S. case of mad cow disease, the FDA tightened its rules
on the use of some high-risk meat in food and cosmetics but delayed imposing more
sweeping rules on cattle feed.
http://www.msnbc.msn.com/id/5403422/
Wall Street boosted by GE's earnings
Stocks rebounded Friday, as better-than-expected earnings from General Electric Co.
brought buyers back to the market, but profit warnings from a number of other
companies made the advance somewhat tenuous.
http://www.msnbc.msn.com/id/3683270/
General Electric's quarterly profit rises
General Electric Co. on Friday said second-quarter earnings rose slightly, as strong
order growth offset deal-related costs and weakness in its energy business.
http://www.msnbc.msn.com/id/5401712/
Philip Morris, EU resolve smuggling charges
The maker of Marlboro cigarettes agreed Friday to pay up to $1.25 billion to help the
European Union combat smuggling and fakes, ending years of legal wrangling over an
illegal trade that costs both sides hundreds of millions of dollars annually.
http://www.msnbc.msn.com/id/5402238/
Wholesale inventories jumped in May
Inventories at U.S. wholesalers jumped ahead of Wall Street expectations in May,
boosted by growth in durable goods stocks, while sales at the wholesale level
increased at a milder pace, a government report on Friday showed.
http://www.msnbc.msn.com/id/5403439/
Abbott earnings rise on higher drug sales
Abbott Laboratories Inc. Friday said quarterly earnings rose, boosted by
higher-than-expected sales of its its new rheumatoid arthritis treatment, Humira. The
company also raised its 2004 sales forecast for Humira by $100 million.
http://www.msnbc.msn.com/id/5402597/
Computer Associates warns on revenue
Software maker Computer Associates International Inc. on Thursday said quarterly
revenue will fall short of expectations on softness in its services business, but said
profits should meet previous estimates because of expense controls.
http://www.msnbc.msn.com/id/5402963/
Dana sells parts unit for $1.1 billion
Auto parts maker Dana Corp. said Friday it is selling its replacement parts unit for
$1.1 billion in cash to a New York-based equity group, The Cypress Group. Dana's
shares rose 5 percent.
http://www.msnbc.msn.com/id/5403484/
Russian bank chief fears huge withdrawals
The head of Russia's largest privately-owned bank warned on Thursday that up to half
of its retail deposits could be withdrawn by nervous customers in coming weeks as a
result of turmoil in the country's financial sector.
http://www.msnbc.msn.com/id/5402971/
McDonald's hit with french fries lawsuit
McDonald's Corp. was hit with a lawsuit Thursday accusing the fast-food giant of
failing to reduce fat in the cooking oil used in its french fries and other foods.
http://www.msnbc.msn.com/id/5402763/
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