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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10470.51 -94.88
NASDAQ: 1989.34 -18.17
S&P 500: 1171.71 -12.07
AMEX: 1467.50 -3.49
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Fed raises interest rates, voices inflation concerns
The Federal Reserve raised short-term interest rates by another
quarter-percentage point Tuesday, expressing concern that a "solid" expansion
is putting more inflationary pressure on the economy.
http://msnbc.msn.com/id/7266576/
Wall Street tumbles after Fed hikes rates
Investors pushed stocks sharply lower Tuesday, as Wall Street�?Ts recent fears
of growing inflationary pressures were confirmed by the Federal Reserve.
http://msnbc.msn.com/id/3683270/
Uncooperative AIG execs fired amid probes
American International Group Inc., one of the world�?Ts biggest insurance
companies, fired two top executives for failing to cooperate with government
investigators, a spokesman for the company said Tuesday.
http://msnbc.msn.com/id/7264159/
U.S. in talks to settle with tobacco firms
The nation�?Ts largest cigarette makers and prosecutors have met secretly at
least once with a court-appointed mediator in an effort to reach a settlement
of the government�?Ts civil fraud and racketeering case against the companies,
The Wall Street Journal reported Tuesday.
http://msnbc.msn.com/id/7264162/
Motorists keep driving despite high gas prices
U.S. drivers are still fueling their cars despite the hardship of record high
gasoline prices, according to industry sources and consumer advocates.
http://msnbc.msn.com/id/7267497/
Oil rally fizzles as investors take profits
Traders chalked up a sharp decline in oil prices Tuesday to profit-taking ahead
of the U.S. government�?Ts next petroleum supply report.
http://msnbc.msn.com/id/5612507/
Airlines reinstate fare hikes
Airlines that cancelled their fare hikes on Monday reversed their decision
Tuesday and reinstated the price increase.
http://msnbc.msn.com/id/7259827/
Lufthansa seals Swiss International Air deal
Germany�?Ts Deutsche Lufthansa has agreed to take over Swiss International Air
Lines in a deal worth up to $409 million, ending three years of independence
for the loss-making Swiss carrier.
http://msnbc.msn.com/id/7173183/
CBS News exec resigns over �?~60 Minutes�?T flap
The final CBS News executive asked to resign for his role in the network�?Ts
discredited report on President Bush�?Ts military service reached a settlement
with CBS and quit Tuesday.
http://msnbc.msn.com/id/7266750/
Forbes: Buying the perfect vacation home
Owning a vacation home is no longer an impossible dream, but there are basic
steps that must be taken to prevent the dream from becoming a financial
nightmare.
http://msnbc.msn.com/id/7265627/
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