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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10341.16 +80.96
NASDAQ: 1858.56 +14.08
S&P 500: 1121.30 +7.67
AMEX: 1240.15 -3.02
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Starbucks slows its music plans
Starbucks Corp. is taking longer than expected to introduce music CD burners to its
coffee outlets because of design challenges and the high stakes of putting Starbucks'
cafes into the music business.
http://www.msnbc.msn.com/id/5931322/
Decline in oil prices buoys Wall Street
Another drop in oil prices and belated reaction to last week's employment report sent
stock prices higher Tuesday, as investors started a holiday-shortened week with a
solid rally.
http://www.msnbc.msn.com/id/3683270/
CBO forecasts deficit at $422 billion
The Congressional Budget Office projected Tuesday that this election-year's federal
deficit will hit a record $422 billion, a shortfall that would be smaller than
analysts predicted earlier this year.
http://www.msnbc.msn.com/id/5931109/
Soft patch 'mostly behind us' - Fed's McTeer
The rut hit by the U.S. economy in the second quarter was due in large part to higher
oil prices and the country has now moved on, Federal Reserve Bank of Dallas President
Robert McTeer said Tuesday.
http://www.msnbc.msn.com/id/5933216/
August job-cut plans rose to 6-month high
U.S. job cuts rose to a six-month high in August, as some managers remained concerned
about the economy's susceptibility to shocks, but hirings also increased by nearly
five-fold last month, a report said on Tuesday.
http://www.msnbc.msn.com/id/5931265/
Army to rebid giant Halliburton contract
Halliburton Co. may decide not to submit bids for the logistics contracts it holds in
Iraq if the U.S. military divides up the work too deeply, Chief Executive Officer Dave
Lesar told an analysts' conference in New York Tuesday.
http://www.msnbc.msn.com/id/5928734/
Oil prices ease further
Oil prices eased further on Tuesday, as the head of OPEC cartel said that markets were
well-supplied with crude and traders continued to take profits from this year's 40
percent rally.
http://www.msnbc.msn.com/id/5612507/
Ford to cut shift at St. Louis suburban plant
Following through on its warnings, Ford Motor Co. said Tuesday it will end one of two
production shifts at its suburban St. Louis assembly plant after the end of this year,
eliminating about 800 jobs, or more than 30 percent of the work force at the facility.
http://www.msnbc.msn.com/id/5933210/
US Airways' pilots union rejects proposal
US Airways Group Inc.'s shares tumbled Tuesday after union leaders representing US
Airways pilots rejected sending a management contract proposal to members for possible
ratification.
http://www.msnbc.msn.com/id/5928739/
Alitalia unions slam plan to cut 5,000 jobs
Union leaders slammed Alitalia's plans to cut 5,000 jobs as part of restructuring
efforts aimed at averting collapse, but said Tuesday they will keep negotiating and
hold off any strike action.
http://www.msnbc.msn.com/id/5926504/
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