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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10085.14 +123.22
NASDAQ: 1869.10 +30.08
S&P 500: 1094.83 +10.76
AMEX: 1221.51 +3.61
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Verizon, confidence data push up stocks
Strong earnings from Verizon Communications and a better-than-expected reading on
consumer confidence sent stocks moderately higher Tuesday, as Wall Street struggled to
recover from weeks of heavy selling.
http://www.msnbc.msn.com/id/3683270/
Consumer confidence hits 2-year high
Consumer confidence rose for the fourth straight month in July thanks to steady
improvements in the job market, the Conference Board reported Tuesday, putting the
indicator at a two-year high.
http://www.msnbc.msn.com/id/5527138/
Charges expected in U.S. Foodservice case
Federal prosecutors are preparing to bring criminal charges this week against former
senior executives at Columbia-based U.S. Foodservice Inc. for their alleged roles in a
scheme to pump up earnings by overstating rebates from suppliers, according to sources
involved in the case.
http://www.msnbc.msn.com/id/5525600/
Venture-capital investments increase
Start-up businesses received $5.6 billion from venture capitalists in the second
quarter of 2004, a two-year high that continues an upward trend in investment,
according to figures released Tuesday.
http://www.msnbc.msn.com/id/5525561/
New-home sales edge down
New home sales edged down 0.8 percent in June after soaring to a record sales pace in
May, the government reported Tuesday.
http://www.msnbc.msn.com/id/5527309/
Martha Stewart Omnimedia names chairman
Venture capitalist Jeffrey Ubben stepped down as chairman of Martha Stewart Living
Omnimedia Inc., the company said Tuesday, ending his 14-month tenure as chairman in
the wake of Stewart's stock trading scandal.
http://www.msnbc.msn.com/id/5527499/
Tokyo court seeks to scrap bank merger
The planned merger between two of Japan's megabanks to create the world's biggest bank
ran into a major obstacle Tuesday when a Tokyo court demanded the merger talks be
scrapped. UFJ Holdings Inc., one of the banks, said it will fight the order.
http://www.msnbc.msn.com/id/5525545/
Ex-Capital One CFO accused of insider trading
A former Capital One Financial Corp. chief financial officer was charged on Monday
with insider trading, the U.S. Securities and Exchange Commission said.
http://www.msnbc.msn.com/id/5525622/
Verizon's earnings exceed Wall St. targets
A 25 percent surge in wireless services sales helped boost Verizon Communications
Inc.'s second-quarter profit five times higher from a year ago, the company said
Tuesday. The results beat Wall Street expectations.
http://www.msnbc.msn.com/id/5526813/
Lockheed earnings up 22 percent on aircraft sales
Lockheed Martin said Tuesday that a surge in combat aircraft sales helped push
earnings up 22 percent in the second quarter, overshadowing higher pension costs and
beating Wall Street expectations for the defense giant.
http://www.msnbc.msn.com/id/5526815/
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