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Today's Business Headlines - Market Close from MSNBC.com
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Wall Street Watch: Complete coverage
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Business
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Stocks gain, despite record crude prices
Stocks finished Wednesday solidly higher despite a new record high for oil and gloomy
third-quarter outlooks from several companies, as investors awaited the government's
jobs creation report at the end of the week.
http://www.msnbc.msn.com/id/3683270/
United Airlines to reduce U.S. flights
United Airlines announced plans Wednesday to slash its domestic flight schedule,
increase its more profitable international schedule and reduce the size of its fleet
over the next six months.
http://www.msnbc.msn.com/id/6189927/
Health-care cost growth tapers off
Health care costs in employer-sponsored plans are expected to rise an average of 8
percent in 2005, the first time the increase has sunk to single digits in the last
five years, a new survey said.
http://www.msnbc.msn.com/id/6189873/
Fannie Mae accountant: I warned CEO Raines
The former Fannie Mae accountant who raised questions about the mortgage giant's
bookkeeping said Wednesday that he took his concerns directly to chief executive
Franklin Raines in 2002 and asked him to investigate.
http://www.msnbc.msn.com/id/6189481/
Oil prices cross $52-a-barrel mark
Oil's record-breaking rally took U.S. crude over $52 a barrel on Wednesday, a new
all-time high, fuelled by the impact of Hurricane Ivan on U.S. winter inventories.
http://www.msnbc.msn.com/id/5612507/
Adelphia may reject joint bid
Bankrupt cable company Adelphia Communications Corp. may refuse to allow Comcast Corp.
and Time Warner Inc. to make a joint bid for the cable company, the Wall Street
Journal reported on Wednesday.
http://www.msnbc.msn.com/id/6189464/
Howard Stern making jump to satellite radio
Radio star signs 5-year contract with Sirius, will leave Infinity
http://www.msnbc.msn.com/id/6190117/
Ex-PeopleSoft CEO vilified Oracle bid
A subdued Craig Conway admitted Wednesday that he responded to a hostile takeover bid
for PeopleSoft with a campaign of "vilification" aimed at Oracle and its CEO.
http://www.msnbc.msn.com/id/6189488/
Mortgage applications were flat last week
New applications for U.S. home loans were virtually unchanged last week although
30-year mortgage rates rose to their highest level in a month, an industry group said
on Wednesday.
http://www.msnbc.msn.com/id/6189471/
Ex-Enron assistant treasurer pleads guilty
A former Enron Corp. assistant treasurer has pleaded guilty to conspiracy, admitting
lying or withholding pertinent information from credit rating agencies so the energy
giant's financial picture appeared healthier than it was.
http://www.msnbc.msn.com/id/6189485/
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