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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 surge as crude oil prices slide
Stocks rebounded Wednesday, with the Dow Jones industrial average climbing above the
emotionally-key 10,000 level, as investors expressed relief over plummeting oil prices
following a government report that showed a build in crude inventories and
lower-than-expected heating oil inventories.
http://www.msnbc.msn.com/id/3683270/
Comcast posts profit on high-speed growth
Comcast Corp., the largest U.S. cable operator, on Wednesday posted a third quarter
profit on better-than-expected gains in high-speed Internet customers and raised its
full-year outlook for subscriber growth.
http://www.msnbc.msn.com/id/6347035/
Blockbuster results disappoint; president quits
Blockbuster Inc. on Wednesday posted a quarterly operating profit well below analysts'
estimates even before $1.5 billion in one-time charges, as it faced falling movie
rental demand and higher costs to counter competition.
http://www.msnbc.msn.com/id/6347155/
New-home sales surged in September
U.S. new home sales surged unexpectedly in September, climbing 3.5 percent, as low
mortgage rates attracted buyers, a government report showed Wednesday.
http://www.msnbc.msn.com/id/6344456/
Durable-goods orders rise slightly
Orders to U.S. factories for big-ticket durable goods, propelled by a jump in demand
for communications equipment, edged up 0.2 percent in September.
http://www.msnbc.msn.com/id/6343254/
Crude prices hover near $55 a barrel
Crude oil futures hovered around the $55-a-barrel mark Wednesday on fears of a heating
oil shortage ahead of the northern winter, and OPEC urged Washington to release more
oil from its strategic reserve to calm the market.
http://www.msnbc.msn.com/id/5612507/
Ovitz defends his tenure at Disney
Michael Ovitz said on Tuesday that Walt Disney Co. would have made a string of
dazzling deals and shrewd strategic moves during his brief tenure as the company's
president in the mid-1990s, if only chief executive Michael D. Eisner had not shot
down his ideas.
http://www.msnbc.msn.com/id/6342776/
U.S. retains an appetite for beef
The meat market is as bustling as ever. Sales for red meat are predicted to top $44
billion this year, up 18 percent in just three years and nearly 40 percent since 1999,
according to a report from research firm Mintel.
http://www.msnbc.msn.com/id/6338142/
Procter & Gamble profit up on higher sales
Procter & Gamble Co. said net income rose 14 percent in the first quarter on solid
sales growth in all the company's markets.
http://www.msnbc.msn.com/id/6342872/
Boeing's quarterly profits increase
Boeing Co., the aerospace giant, reported a 78 percent jump in third-quarter earnings,
buoyed by a strong defense business, and raised its estimate for full-year profits due
to a favorable tax outlook.
http://www.msnbc.msn.com/id/6342979/
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