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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10385.48 -0.89
NASDAQ: 2034.56 -8.77
S&P 500: 1162.91 -1.17
AMEX: 1335.23 +8.58
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Fed raises rates another quarter-point
The Federal Reserve raised short-term interest rates a quarter-point for the
fourth time in five months Wednesday, extending its campaign to keep inflation
in check after a report showing impressive job growth over the past three
months.
http://msnbc.msn.com/id/6452837/
Fed�?Ts latest rate hike leaves stocks flat
Stocks closed Wednesday slightly lower, after Federal Reserve policy-makers
announced a widely expected interest rate hike and as lower-than-projected
sales at Cisco Systems pushed technology stocks slightly lower.
http://msnbc.msn.com/id/3683270/
Trade deficit narrowed in September
The U.S. trade deficit shrank to $51.6 billion in September, an improvement
brought about as exports posted their best month on record.
http://msnbc.msn.com/id/6450794/
Terror threat level lowered
The federal government on Wednesday was lowering the terror threat assessment
for financial institutions in New York, New Jersey� and Washington, D.C.,� a
federal security official told NBC News.
http://msnbc.msn.com/id/6454236/
Inventory data push oil prices higher
Crude oil futures surged more than $1 a barrel Wednesday after the government
reported that the nation�?Ts supply of distillate fuel, which includes heating
oil, shrank for the eighth consecutive week.
http://msnbc.msn.com/id/5612507/
Intel to hike dividend to 8 cents a share
Intel Corp. said Wednesday it would double its quarterly dividend to 8 cents a
share, the second time this year it has doubled its cash payout.
http://msnbc.msn.com/id/6454255/
Delta to eliminate up to 6,900 jobs
Delta Air Lines on Wednesday said it plans to cut between 6,000 and 6,900 jobs
during the next 18 months, implement a 10 percent across-the-board pay
reduction and reduce employee benefits in a bid to avoid bankruptcy.
http://msnbc.msn.com/id/6451222/
IRS probing Bank of America's pensions
The Internal Revenue Service is auditing the 1998 and 1999 tax returns of Bank
of America Corp.'s pension and 401(k) plans, which have been the subject of a
class-action employee lawsuit.
http://msnbc.msn.com/id/6451561/
MGM Mirage to build megacasino in Vegas
Gambling giant MGM Mirage intends to build a new 4,000-room megaresort and
sprawling urban development in the heart of the Las Vegas Strip, a project that
would dramatically change the landscape of this city's most important
commercial center.
http://msnbc.msn.com/id/6451354/
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