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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 rally, boosted by insurance stocks
Wall Street strode higher Tuesday, rallying along with insurance stocks on Marsh &
McLennan Cos. Inc.'s decision to fire its chief executive in the face of an ongoing
probe. Relief that the investigation would not result in criminal charges against the
company offset higher oil prices and weak economic data.
http://www.msnbc.msn.com/id/3683270/
Consumer confidence slumps in October
Consumer confidence fell in October for the third consecutive month, a New York-based
private research group said Tuesday. The decline was steeper than expected.
http://www.msnbc.msn.com/id/6335941/
Crude prices fall for second day
World oil prices ended lower on Monday despite notching a record high earlier in the
day as the Norwegian government moved to end an oil workers' labor dispute that
threatened shipments from the world's third largest exporter.
http://www.msnbc.msn.com/id/5612507/
Lockheed profit jumps 41 percent
Lockheed Martin Corp., the No. 1 U.S. defense contractor, posted a 41 percent jump in
quarterly profit Tuesday, beating Wall Street forecasts, as demand climbed for its
combat aircraft and information technology services.
http://www.msnbc.msn.com/id/6336901/
Marsh & McLennan unveils reform plan
A day after sacking its chief executive officer, Marsh & McLennan Companies Inc.
announced Tuesday that it is adopting "significant reforms" to its business
operations, including the elimination of so-called contingent commissions.
http://www.msnbc.msn.com/id/6329975/
EU regulators clear Oracle bid for Peoplesoft
European Union antitrust regulators on Tuesday cleared Oracle Corp.'s hostile $7.7
billion bid for rival business software maker PeopleSoft Inc., removing one of the
last major hurdles to the contested takeover proposal, a person close to the case said.
http://www.msnbc.msn.com/id/6336277/
Experts divided over HSAs
Like them or fear them, health savings accounts, or HSAs, are expected to become a key
component of many Americans' health plans if President Bush is re-elected.
http://www.msnbc.msn.com/id/6306999/
FCC OKs Cingular-AT&T Wireless deal
The Federal Communications Commission gave its approval Tuesday to Cingular Wireless
LLC's $41 billion acquisition of AT&T Wireless Services Inc., completing the federal
regulatory blessing necessary for creation of the country's largest cellphone company.
http://www.msnbc.msn.com/id/6331289/
Delta gets up to $600 million in financing
A unit of American Express Co. agreed Monday to provide Delta Air Lines Inc. with up
to $600 million in financing - if the cash-strapped airline persuades its reluctant
pilots to accept $1 billion in concessions. Delta shares soared 17 percent.
http://www.msnbc.msn.com/id/6334483/
DuPont swings to profit in third quarter
DuPont Co., the nation's second-largest chemical maker, swung to a profit in the
latest third quarter from a year-ago loss as higher sales volumes and selling prices
offset rising energy and raw material costs.
http://www.msnbc.msn.com/id/6334430/
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