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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10046.13 -102.94
NASDAQ: 1874.37 -42.70
S&P 500: 1093.88 -14.79
AMEX: 1248.15 -13.33
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks mixed on Microsoft dividend, earnings
Stocks were mixed Wednesday, as Microsoft Corp.'s decision to share upwards of $75
billion of its cash reserves with investors cheered the markets, but weakness in the
semiconductor industry sent technology shares lower.
http://www.msnbc.msn.com/id/3683270/
Greenspan: Economy hit 'soft patch'
Federal Reserve Chairman Alan Greenspan said Wednesday that President Bush's three
rounds of tax cuts prevented a severe recession and helped spark the current economic
recovery.
http://www.msnbc.msn.com/id/5474477/
Microsoft to pay special cash dividend
Bowing to pressure after years of enormous profits but a stagnating stock price,
Microsoft Corp. is dipping into its substantial cash reserves with plans to return as
much as $75 billion to shareholders through a combination of dividends and stock
buybacks.
http://www.msnbc.msn.com/id/5469364/
Coors and Molson near merger deal
Brewing companies Adolph Coors Co. and Molson Inc. are preparing to announce a
$6-billion merger plan as early as Thursday, The Wall Street Journal said on Wednesday.
http://www.msnbc.msn.com/id/5472572/
Strong auto sales, credit boost GM profits
General Motors posted higher quarterly earnings Wednesday, helped by record results
from its credit arm and stronger profits from its core automotive business.
http://www.msnbc.msn.com/id/5472899/
Pfizer reports strong profit as key drugs shine
Pfizer Inc., the world's biggest drugmaker, on Wednesday reported strong
second-quarter earnings on booming sales of cholesterol and depression drugs and
merger-related cost savings.
http://www.msnbc.msn.com/id/5472574/
Delta pilots offer pay cut to ailing airline
Delta Air Lines Inc. chief executive Gerald Grinstein told the pilots union Wednesday
its latest wage concession proposal to save the company up to $705 million annually is
a good start, but he indicated deeper cuts will be needed to save the struggling
carrier.
http://www.msnbc.msn.com/id/5472895/
DreamWorks files IPO for animation unit
DreamWorks SKG, the film and television production company, said on Wednesday it plans
to sell shares to the public of its animated film unit, which produced the popular
films "Shrek" and "Chicken Run".
http://www.msnbc.msn.com/id/5472657/
Oracle antitrust trial hears closing arguments
Oracle Corp. and the Justice Department prepared Tuesday for pivotal closing arguments
in the government's dramatic antitrust case challenging the software maker's $7.7
billion takeover bid for rival PeopleSoft Inc.
http://www.msnbc.msn.com/id/5473397/
Comcast, Disney join forces online
Comcast joins up with Walt Disney Co. in deal to offer news and children's programming
to high-speed Internet subscribers.
http://www.msnbc.msn.com/id/5471111/
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