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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10139.71 +10.47
NASDAQ: 1887.36 +6.30
S&P 500: 1101.72 +1.29
AMEX: 1240.34 +10.74
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Economy will be election's back-seat driver
The performance of the economy over the next three months will be critical to
determining the fate of the presidential election. By Martin Wolk
http://www.msnbc.msn.com/id/5560978/
Economic growth slowed in second quarter
The U.S. economy grew at an annual rate of just 3 percent in the spring, a dramatic
slowdown from the rapid pace of the past year, as consumer spending fell to the
weakest rate since the slowdown of 2001, the government reported Friday.
http://www.msnbc.msn.com/id/5558380/
Dow, Nasdaq close with modest gains
Stocks were struggling Friday, as investors digested a lower-than-expected reading of
U.S. gross domestic product and began to question the overall economic recovery.
http://www.msnbc.msn.com/id/3683270/
Budget gap to swell to $445B - White House
The White House said Friday the federal budget deficit will grow to $445 billion this
fiscal year, a new record likely to fuel election-year fights about President Bush's
economic policies.
http://www.msnbc.msn.com/id/5549636/
Oil prices hit new highs on supply fears
U.S. oil prices hit fresh record highs Friday on fears of a disruption in supplies
from world number two exporter Russia and doubts over oil cartel OPEC's ability to
make up for any shortfalls.
http://www.msnbc.msn.com/id/5556536/
Consumer sentiment improves in July
Consumers' overall attitudes on the economy improved in July, largely due to a rise in
optimism over the outlook, according to a report released Friday.
http://www.msnbc.msn.com/id/5559549/
Answer Desk: Franchising fears
This week, Answer Desk readers have small business on their minds. Bruce in Chicago
recently took a corporate buyout and is trying to figure out how to check out
franchise opportunities. Bob, who built a successful real estate business in Alabama,
just moved to Wisconsin and is wondering how to start up again in his new home state.
http://www.msnbc.msn.com/id/3403854/
Intel delays launch of high-performance chip
Intel has delayed the launch of a new high-performance microprocessor until the first
quarter of 2005, the latest in design and manufacturing problems to hit the world's
largest semiconductor company.
http://www.msnbc.msn.com/id/5559492/
Schering pays $346 million in price charge
Schering-Plough Corp. agreed to pay $346 million in fines and damages to settle
charges that it overcharged for drugs sold through Medicaid, the government's health
program for the poor, the company announced Friday.
http://www.msnbc.msn.com/id/5559456/
Higher prices boost ChevronTexaco profit
Oil giant ChevronTexaco Corp. said Friday that second-quarter profits rose due to
higher average prices for crude oil and natural gas, along with a significant gain
from the sale of non-strategic producing properties in western Canada.
http://www.msnbc.msn.com/id/5558787/
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