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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10247.59 +9.37
NASDAQ: 1931.66 -5.26
S&P 500: 1115.14 +0.79
AMEX: 1250.05 -9.63
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks struggle amid positive earnings
Stocks were struggling Tuesday amid strong results from Johnson & Johnson and banking
companies, which revived investors' optimism about earnings.
http://www.msnbc.msn.com/id/3683270/
JetBlue cuts fares by up to 50 percent
JetBlue Airways Corp. on Tuesday said it will cut prices by as much as half on 1
million seats this fall, becoming the latest low-cost carrier to slash fares in recent
days.
http://www.msnbc.msn.com/id/5430525/
Trade deficit narrows, exports hit high
America's trade deficit narrowed to $46 billion in May, an improvement brought about
as U.S. exports posted their best month on record.
http://www.msnbc.msn.com/id/5429306/
Snow: Terror threat hangs over U.S. economy
The risk of terror attacks is one of the key dangers the U.S. economy faces and
requires vigilance against any bid to weaken measures for investigating suspicious
money transactions, U.S. Treasury Secretary John Snow said in remarks prepared for
delivery Tuesday.
http://www.msnbc.msn.com/id/5428846/
BofA buys card processor for $1.4 billion
Bank of America said Tuesday it is buying bankcard processor National Processing of
Louisville, Ky., in a $1.4 billion cash deal that would create the nation's
second-largest such company with nearly $250 billion in annual processing volume.
http://www.msnbc.msn.com/id/5429666/
WashPost: GE lobbyists mold tax bill
No company in the nation had more to lose than General Electric Co. when the World
Trade Organization decreed in 2002 that U.S. tax laws violated international treaties.
The multinational conglomerate was saving hundreds of millions of dollars a year in
taxes from the export subsidies that the United States had to discard.
http://www.msnbc.msn.com/id/5426592/
Stewart, broker to be sentenced separately
Martha Stewart and her former stockbroker, Peter Bacanovic, will be sentenced at
separate times Friday, a clerk for the sentencing judge said Tuesday.
http://www.msnbc.msn.com/id/5430340/
Merrill Lynch's profit misses expectations
Merrill Lynch & Co. reported a 10.3 percent surge in second-quarter profits Tuesday as
strong performances from its private client and investment management businesses
partially offset lower earnings in overseas and investment banking units.
http://www.msnbc.msn.com/id/5429555/
Johnson & Johnson's 2nd quarter profit rises
Johnson & Johnson on Tuesday said its second-quarter profit rose, but sales growth was
hurt by disappointing demand for its anemia drug and its Cypher heart device.
http://www.msnbc.msn.com/id/5429578/
Delta to take $1.65 billion in charges
Delta Air Lines Tuesday said it will take a $1.65 billion charge in the second quarter
related to income taxes and said it could not predict when it would return to
profitability, sending its shares lower.
http://www.msnbc.msn.com/id/5430239/
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