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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10218.60 +206.24
NASDAQ: 1962.41 +48.65
S&P 500: 1159.95 +22.45
AMEX: 1449.73 +12.48
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Wall Street surges, rebounding from sell-off
Stocks mounted a strong triple-digit rally Thursday, rebounding from the prior
day�?Ts sell-off as investors welcomed a slew of strong corporate earnings
results and news that the New York Stock Exchange plans to merge with
electronic trader Archipelago Inc.
http://msnbc.msn.com/id/3683270/
Greenspan: U.S. deficits imperil economy
Bloated budget deficits pose a danger to the nation�?Ts long-term economic
health, Federal Reserve Chairman Alan Greenspan warned anew Thursday. He issued
a fresh call to policy-makers to move swiftly to put the government�?Ts fiscal
house in order.
http://msnbc.msn.com/id/7587385/
U.S. jobless claims plunge in latest week
The number of Americans applying for initial jobless claims plunged 36,000 last
week, the largest drop in more than three years, the Labor Department said on
Thursday, partially because of difficulties in calculating seasonal adjustments.
http://msnbc.msn.com/id/7586585/
Time Warner, Comcast to buy Adelphia
Time Warner Inc. and Comcast Corp., the two largest cable TV companies in the
country, announced Thursday that they had reached an agreement to buy the
assets of the bankrupt cable company Adelphia Communications Corp.
http://msnbc.msn.com/id/7582727/
Former Merrill Lynch executive sentenced
A former Merrill Lynch & Co. executive involved in a bogus Enron sale was
sentenced Thursday to 2 1/2 years in prison by a judge who criticized the
government's pursuit of a term longer than the one former Enron finance chief
Andrew Fastow received.
http://msnbc.msn.com/id/7590113/
Atlantic factories expand briskly in April
Factory activity in the Mid-Atlantic United States expanded much more rapidly
this month, a regional central bank said Thursday in a report that countered
growing fears of a slowdown in economic growth.
http://msnbc.msn.com/id/7588648/
U.S. highway death rate reaches record low
The highway fatality rate reached its lowest point in 2004 since records were
first kept nearly 40 years ago, the government projected Thursday.
http://msnbc.msn.com/id/7589224/
SEC chief: Anti-fraud law revamp eyed
The chairman of the Securities and Exchange Commission told Congress Thursday
that the agency was weighing changes to reporting requirements for companies
but rejected calls to weaken a landmark anti-fraud law.
http://msnbc.msn.com/id/7590157/
Chipmaker Hynix admits to price fixing
Korean computer chipmaker Hynix Semiconductor Inc. has agreed to plead guilty
to price fixing and will pay a $185 million fine, the Justice Department
announced Thursday.
http://msnbc.msn.com/id/7589977/
Pernod launches bid for Allied Domecq
Pernod Ricard launched a much-anticipated takeover for its larger British rival
Allied Domecq on Friday, a $14.2 billion deal that will make the combined
entity the second-largest liquor company and a more serious challenger to world
leader Diageo PLC.
http://msnbc.msn.com/id/7574009/
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