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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10596.79 +44.85
NASDAQ: 2075.06 +6.36
S&P 500: 1193.19 +3.78
AMEX: 1449.40 +16.24
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Fed kicks off new year with rate hike
Federal Reserve Chairman Alan Greenspan and his colleagues kicked off 2005
Wednesday with the latest in a series of � quarter-point rate hikes that is
expected to continue.
http://msnbc.msn.com/id/6901417/
Amazon.com posts higher quarterly profit
Online retailer Amazon.com Inc. on Wednesday posted a higher quarterly profit,
boosted by strong holiday sales and the impact of a weak dollar.
http://msnbc.msn.com/id/6902149/
Stocks close higher after Fed raises rates
Upbeat results from Google Inc. and Boeing Co. sent stock indices higher
Wednesday after a widely anticipated rate hike and a little-changed policy
statement from the Federal Reserve freed investors to show some enthusiasm for
stocks.
http://msnbc.msn.com/id/3683270/
Ford offers free computer, GM ups incentives
Ford Motor Co. and General Motors Corp. raised incentives slightly Wednesday
after posting disappointing U.S. sales last month, and analysts expect the
profit-eroding price war to escalate this year if the two U.S. automakers
continue to lose market share.
http://msnbc.msn.com/id/6901959/
Amazon.com offers flat free shipping rate
Online retailer Amazon.com launched a new shipping program Wednesday that
offers unlimited two-day shipping for customers that pay an annual fee.
http://msnbc.msn.com/id/6901873/
U.S. planned job cuts fell in January
U.S. planned job cuts dropped by 15 percent in January and below the 100,000
level for the first time since August 2004, a report said on Tuesday.
http://msnbc.msn.com/id/6899186/
NYSE releases confidential report on Grasso pay
Former New York Stock Exchange Chairman Richard A. Grasso had too much control
in setting his controversial $187.5 million compensation and took advantage of
personal connections with a board of directors that had unusually high
turnover, the NYSE claimed in a previously confidential report released
Wednesday.
http://msnbc.msn.com/id/6899236/
Boeing's profits dive but exceed targets
Boeing Co., the world's largest aerospace company, said Wednesday that
fourth-quarter earnings fell 84 percent year-over-year due to charges in the
latest period, compared with a hefty federal tax refund in the 2003 period.
http://msnbc.msn.com/id/6898401/
Ex-HealthSouth CFO: Scrushy knew of fraud
A former HealthSouth finance chief is portraying fired CEO Richard Scrushy as a
deeply involved manager �?oresponsible for everything�?� at the rehabilitation
giant �?" including orders to prepare phantom revenues and false financial
statements.
http://msnbc.msn.com/id/6891773/
Medical bills trigger half of all bankruptcies
Illnesses, medical bills account for about half of all personal bankruptcies,
according to a Harvard University.
http://msnbc.msn.com/id/6895896/
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