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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10204.89 -79.57
NASDAQ: 1908.07 -2.02
S&P 500: 1122.20 -6.35
AMEX: 1243.93 -3.85
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks slide as oil prices keep rising
Higher oil prices and lowered outlooks from companies including Colgate-Palmolive Co.,
Unilever PLC and The New York Times Co. sent stocks sliding Monday.
http://www.msnbc.msn.com/id/3683270/
Fed likely to raise rates another quarter-point
The Federal Reserve is expected to raise interest rates Tuesday for a third time in
three months but could move to the sidelines soon because of continued slow economic
growth.
http://www.msnbc.msn.com/id/6031119/
Oil prices top $46 a barrel
Oil prices raced back above $46 a barrel on Monday after Russia's Yukos suspended some
oil exports to China and concern lingered over storm-related supply disruptions into
the United States.
http://www.msnbc.msn.com/id/5612507/
Regulator: Fannie Mae accounting flawed
Fannie Mae's regulator has found differences between the U.S. mortgage finance
company's accounting practices and generally accepted bookkeeping procedures, a
congressional source said Monday.
http://www.msnbc.msn.com/id/6055523/
MCI looking for buyers
Telecommunications provider MCI Inc., which just emerged from the largest bankruptcy
in U.S. history in April, has quietly begun to search for potential buyers, the New
York Times reported on Monday, citing executives involved in the sale.
http://www.msnbc.msn.com/id/6053624/
Nike's profit beats Wall Street estimates
Nike Inc. reported a better-than-expected 25 percent increase in first-quarter profits
on Monday, helped by its strongest U.S. orders in more than seven years.
http://www.msnbc.msn.com/id/6054085/
SEC chairman hits out at reform critics
The chief US financial regulator has hit back at critics of "over-regulation" and
accused many US bosses of failing to provide "ethical" leadership for their companies.
http://www.msnbc.msn.com/id/6053912/
Computer Associates in talks to resolve probe
Computer Associates International Inc. is in discussions with federal prosecutors to
resolve a two-year accounting probe that may impose a rarely used form of probation,
the Wall Street Journal said on Monday, citing people familiar with the matter.
http://www.msnbc.msn.com/id/6052137/
Colgate-Palmolive reduces earnings outlook
Consumer products giant Colgate-Palmolive Co. warned Monday that its second-half
results would be lower than expected because of increased marketing spending and
higher packaging and raw material costs.
http://www.msnbc.msn.com/id/6053241/
Protest over United's pension plan
More than 100 congressmen and nine senators have signed a draft letter that expresses
"strong opposition" to United Airlines' plan to terminate its defined benefit pension
plans.
http://www.msnbc.msn.com/id/6053951/
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