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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10168.46 -5.46
NASDAQ: 1850.41 +12.31
S&P 500: 1105.91 +1.67
AMEX: 1237.43 +5.02
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Blue chips pull back
Stocks closed mixed Wednesday as a lower reading on manufacturing activity and rising
oil prices chilled an early spate of bargain hunting.
http://www.msnbc.msn.com/id/3683270/
U.S. factory growth slowed in August
Manufacturing activity rose in August for the 15th consecutive month, but at a slower
rate than in July, according to a monthly report released Wednesday by the Institute
for Supply Management, a research group.
http://www.msnbc.msn.com/id/5886858/
Oil prices jump sharply after 8-day slide
Oil prices soared to $44 a barrel on Wednesday, ending an eight-day streak of losses
as a U.S. government report showed crude oil stocks falling to the lowest level in
five months.
http://www.msnbc.msn.com/id/5612507/
Ford, GM post sluggish sales, cut production
GM and Ford reported disappointing U.S. sales Wednesday, prompting the nation's two
largest automakers to cut planned vehicle production in the fourth quarter, which
could hurt profits.
http://www.msnbc.msn.com/id/5887512/
United says more job cuts will be necessary
United Airlines said Wednesday that further job cuts will be necessary as it continues
slashing costs in order to get out of bankruptcy.
http://www.msnbc.msn.com/id/5887762/
Construction spending hits all-time high
Construction spending sprang back to life in July, rising to the highest level on
record, the government reported Wednesday.
http://www.msnbc.msn.com/id/5886978/
CEOs plan more hiring, capital spending
A quarterly survey of U.S. chief executives showed they plan to increase hiring and
capital spending, despite recent soft economic data, concerns about sluggish job
growth and high energy prices.
http://www.msnbc.msn.com/id/5887548/
FTC sues alleged do-not-call list offender
A Las Vegas telemarketing company that allegedly made more than 300,000 telephone
calls to people on the US 'Do-Not-Call' registry on Tuesday became the first company
to be sued by the Federal Trade Commission under the landmark privacy legislation.
http://www.msnbc.msn.com/id/5887167/
MGM bidding war seen nearing end
Metro-Goldwyn-Mayer Inc. has restricted its employees' ability to trade shares in the
company, and could announce as early as next week a deal to be acquired for up to $5
billion, sources close to the company and its talks with possible bidders said Tuesday.
http://www.msnbc.msn.com/id/5885402/
Probe: Ex-Hollinger CEO looted profits
Conrad Black, the former CEO of Hollinger International Inc., conspired with
associates to systematically loot the newspaper publishing company of more than $400
million - nearly all of its profits from 1997 through 2003, an internal investigation
found.
http://www.msnbc.msn.com/id/5885667/
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