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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10461.56 +92.95
NASDAQ: 2019.95 +11.25
S&P 500: 1168.41 +4.66
AMEX: 1407.96 -8.22
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Wall Street boosted by bullish earnings
Better-than-expected earnings from a handful of companies in the Dow Jones
industrial average and a positive report on U.S. consumer confidence boosted
stocks Tuesday, giving investors hope that the market�?Ts sluggish start to
2005 might soon come to an end.
http://msnbc.msn.com/id/3683270/
U.S. consumer confidence rose in January
A widely watched indicator of consumer confidence unexpectedly rose for the
second month in a row in January, registering the highest reading since last
July and hinting that the economy would continue to grow �?" albeit at a slower
pace �?" in the first half of 2005.
http://msnbc.msn.com/id/6865967/
Existing-home sales hit all-time high in �?T04
Sales of previously owned homes rose 9.4 percent to an all-time high of 6.68
million units last year as home buyers continued to enjoy some of the lowest
mortgage rates in decades.
http://msnbc.msn.com/id/6865971/
CBO pegs this year's deficit at $368 billion
As details of President Bush�?Ts new $80 billion request for wars in Iraq and
Afghanistan were emerging Tuesday, Congress�?T top budget analyst projected
this year�?Ts shortfall will be $368 billion.
http://msnbc.msn.com/id/6862777/
Airline losses may triple past estimates
The airline industry's pretax loss for 2005 is expected to be more than triple
the previous estimates of one investment bank. The culprit: rising fuel prices.
http://msnbc.msn.com/id/6865852/
Scrushy trial opens with fired CEO blamed
Richard Scrushy�?Ts trial on corporate fraud charges opened Tuesday with a
prosecutor telling jurors the fired HealthSouth CEO was the driving force
behind a conspiracy to overstate earnings by about $2.7 billion.
http://msnbc.msn.com/id/6866464/
Opening statements begin in Ebbers trial
Former WorldCom Inc. chief Bernard Ebbers orchestrated an $11 billion
accounting fraud and then told �?olie after lie after lie�?� about the
telecommunications giant�?Ts crumbling finances to protect its stock price and
his own personal fortune, a prosecutor said Tuesday in opening statements at
Ebbers�?T trial.
http://msnbc.msn.com/id/6866737/
Merck earnings plunge on Vioxx troubles
Pharmaceutical giant Merck & Co. said Tuesday its fourth-quarter profit plunged
21 percent, mainly due to lost sales and a big reserve taken for legal defense
costs over the withdrawal of its former blockbuster arthritis drug Vioxx.
http://msnbc.msn.com/id/6865500/
WashPost: Google partying, but not quite like it's '99
Led by Internet darling Google Inc., Silicon Valley is reemerging five years
after the giddy boom and four years after the gut-wrenching crash. It's back
�?" but is lacking some of its old swagger
http://msnbc.msn.com/id/6864476/
ABC turnaround gives Disney's Iger a boost
Disney President Robert Iger's star has been rising� amid speculation over who
will succeed CEO Michael Eisner in 2006.� News that the company's ABC TV
network plans to renew a costly deal with the NFL looks like it's going to push
Iger's star even higher.
http://msnbc.msn.com/id/6862826/
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