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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10244.93 +40.04
NASDAQ: 1921.17 +13.10
S&P 500: 1129.30 +7.10
AMEX: 1262.33 +18.40
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks hold slim gains after Fed raises rates
Stocks held onto modest gains Tuesday after the Federal Reserve raised interest rates
by a quarter of a percentage point. Strong earnings from financial services companies
and upbeat economic data also supported investor sentiment.
http://www.msnbc.msn.com/id/3683270/
Fed boosts interest rates a quarter-point
The Federal Reserve raised short-term interest rates by a quarter-point Tuesday,
hiking borrowing costs for businesses and consumers for the third time in three months.
http://www.msnbc.msn.com/id/6064674/
Stewart must surrender for prison by Oct. 8
A federal judge ordered Martha Stewart on Tuesday to surrender for prison by Oct. 8,
granting the celebrity homemaker's request to begin serving her sentence for lying
about a stock sale.
http://www.msnbc.msn.com/id/6064263/
Crude prices hit $47 a barrel
Oil prices broke above $46 on Monday after Russian oil giant Yukos said it would cut
some oil shipments to China, the first toll on exports from the company's financial
turmoil.
http://www.msnbc.msn.com/id/5612507/
U.S. home construction building
Housing construction in August surged to its highest level in five months, a dose of
encouraging news for the economy's expansion.
http://www.msnbc.msn.com/id/6062314/
U.S. suit against tobacco makers goes to trial
Major cigarette makers go on trial on Tuesday in the U.S. government's $280 billion
racketeering case that charges the tobacco industry with deliberately deceiving the
public about the risks of smoking since the 1950s.
http://www.msnbc.msn.com/id/6061774/
OECD cuts U.S. economic growth forecast
The Organization for Economic Cooperation and Development (OECD) on Tuesday cut its
2004 forecast for U.S. economic growth to 4.3 percent but raised its growth
predictions for the euro zone and for Japan.
http://www.msnbc.msn.com/id/6061787/
Eisner to sever all ties with Walt Disney
Michael Eisner expects to sever all business ties with Walt Disney when he leaves his
chief executive post at the end of his contract in two years.
http://www.msnbc.msn.com/id/6062791/
Starwood names ex-Coke executive as CEO
Starwood Hotels & Resorts Worldwide Inc. named former Coca-Cola Co. president and
chief operating officer Steven J. Heyer as CEO to succeed company founder Barry S.
Sternlicht, effective Oct. 1.
http://www.msnbc.msn.com/id/6063003/
Goldman Sachs, Lehman profits rise
Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. Tuesday posted
higher-than-expected quarterly profits, fueled by surprising strength in bond trading
and investment banking growth.
http://www.msnbc.msn.com/id/6062507/
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