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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10630.78 -98.65
NASDAQ: 2107.86 -44.29
S&P 500: 1188.05 -14.03
AMEX: 1399.05 -11.03
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Fed�?Ts inflation concerns slam stocks
Stock indices tumbled Tuesday, as investors extended their new year�?Ts
profit-taking into a second session, dragging the market�?Ts major indices well
below their 2004 highs. The catalyst for the sell-off: minutes from the Federal
Reserve�?Ts December meeting, which showed policymakers are concerned about the
potential for inflation.
http://msnbc.msn.com/id/3683270/
GM, Ford report lower December sales
General Motors Corp. and Ford Motor Co., the nation�?Ts two largest automakers,
reported lower U.S. sales in 2004 despite an onslaught of new vehicles, while
Asian manufacturers continued to chip away at Detroit�?Ts hold on the American
automotive market.
http://msnbc.msn.com/id/6785766/
Factory orders rose in November
America�?Ts factories saw orders go up by a strong 1.2 percent in November, the
biggest advance in four months and a sign that the nation�?Ts manufacturing
sector was gaining momentum as the new year loomed.
http://msnbc.msn.com/id/6785187/
Lockheed, Northrop face big defense cuts
Lockheed Martin Corp. and Northrop Grumman Corp. would bear the brunt of
proposed cuts in U.S. weapons purchases totaling $30 billion over the next six
years, according to the summary from a Pentagon budget document made available
to Reuters Monday.
http://msnbc.msn.com/id/6784652/
FOMC minutes show inflation a concern
The U.S. Federal Reserve concluded at its policy-setting session last month
that risks of inflation remained balanced for now but they were clearly
concerned about the potential for higher prices, meeting minutes issued Tuesday
showed.
http://msnbc.msn.com/id/6786152/
Former Federated CEO charged with perjury
James Zimmerman, the former chairman and chief executive of Federated
Department Stores, was indicted for perjury on Tuesday by New York Attorney
General Eliot Spitzer.
http://msnbc.msn.com/id/6786089/
Krispy Kreme to restate some 2004 earnings
Troubled doughnut maker Krispy Kreme will restate earnings for the last three
quarters of fiscal 2004 in the wake of allegations the company padded shipments
to hide declining sales over the last two years.
http://msnbc.msn.com/id/6784620/
Ex-HealthSouth CEO subpoenas Mike Wallace
Richard Scrushy, the founder and former chief executive of scandal-rocked
HealthSouth Corp., has subpoenaed CBS News journalist Mike Wallace as a witness
at his criminal trial later this month.
http://msnbc.msn.com/id/6784747/
Ag secretary sees cattle trade resuming
Just days after Canada confirmed its second case of mad cow disease and one day
after an Alberta farm was quarantined, U.S. Agriculture Secretary Ann Veneman
indicated Tuesday she fully expects cattle trading with the northern neighbor
to resume on schedule.
http://msnbc.msn.com/id/6769555/
Box office receipts up in �?T04, but sales slump
�?~Shrek 2�?T was highest grossing film of year at $436.5 million
http://msnbc.msn.com/id/6785027/
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