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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10080.27 -55.97
NASDAQ: 1896.84 +2.90
S&P 500: 1114.58 -0.22
AMEX: 1271.83 +7.45
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Merck's Vioxx woes weigh on Wall Street
Investors sent blue-chip stocks lower Thursday after Merck & Co. said it would be
forced to remove its best-selling Vioxx arthritis drug from the market due to serious
health risks. Bargain hunters in the technology sector buoyed the Nasdaq.
http://www.msnbc.msn.com/id/3683270/
Merck withdraws blockbuster drug Vioxx
Merck & Co. said on Thursday withdrew its arthritis drug Vioxx globally after a colon
cancer trial confirmed long-standing concerns the drug raises the risk of heart attack
and stroke.
http://www.msnbc.msn.com/id/6139592/
Oil prices jump, Nigeria still a concern
High-flying oil climbed back over $50 a barrel on Thursday, with worries over the
security of Nigerian supply supporting prices despite a surprise build in U.S. crude
inventories.
http://www.msnbc.msn.com/id/5612507/
Consumer spending slips in August
Consumers were tightfisted with their money amid soaring gasoline costs in August and
hurricane-related disruptions sent applications for jobless benefits to their highest
level in seven months.
http://www.msnbc.msn.com/id/6139971/
30-year rates barely higher to 5.72 percent
Interest rates on U.S. 30-year mortgages edged higher in the latest week, but mortgage
finance company Freddie Mac said Thursday they were unlikely to rise much above
current levels through 2005.
http://www.msnbc.msn.com/id/5899422/
Justice Dept. opens Fannie criminal probe
The Justice Department has opened an investigation of possible accounting fraud at
Fannie Mae, The Wall Street Journal reported on Thursday, after a federal regulator
said the mortgage giant may have manipulated its earnings targets.
http://www.msnbc.msn.com/id/6139031/
Natural gas prices expected to rise
Users of natural gas should expect to pay higher heating bills this winter, the gas
industry warns.
http://www.msnbc.msn.com/id/6138994/
PepsiCo says third quarter profit rises
PepsiCo Inc., the world's No. 2 soft drink company, said Thursday quarterly profit
rose due to tax benefits and a strong performance from its key Frito-Lay snack and
North American beverage businesses.
http://www.msnbc.msn.com/id/6138965/
Microsoft asks judge to suspend penalties
Microsoft asked a European Union judge on Thursday to freeze a European Commission
order forcing it to share technology with competitors, but a rival said the software
giant used to provide such information freely.
http://www.msnbc.msn.com/id/6139361/
Sex in the city goes upscale with Myla
Sex shops may be undergoing an image make-over in the United States with London-based
Myla, a high-class boutique featuring racy lingerie and designer adult toys, poised to
open its doors in one of New York city's toniest neighborhoods.
http://www.msnbc.msn.com/id/6133201/
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