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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10345.40 +5.02
NASDAQ: 1967.35 +5.55
S&P 500: 1171.35 -0.75
AMEX: 1468.97 +2.88
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Economic 'soft patch' seems short-lived
Friday�?Ts strong employment report eases� concerns about an oil-induced
�?osoft patch�?� and makes it more likely the Federal Reserve will continue
raising interest rates for the rest of the year. By MSNBC.com's Martin Wolk.
http://msnbc.msn.com/id/7761959/
U.S. employers add 274,000 jobs
Employers ramped up hiring in April, adding 274,000 jobs, enough to hold the
nation's jobless rate steady at 5.2 percent. The latest figures offered a
hopeful sign that the labor market is gaining traction and that any economic
rough patch will be temporary.
http://msnbc.msn.com/id/7758808/
Stocks end mixed despite upbeat jobs report
Wall Street surrendered much of its early gains Friday as investors worried
that a surprisingly strong employment report, while good for the economy, could
result in increased consumer demand and spark inflation.
http://msnbc.msn.com/id/3683270/
Oil prices jump for third straight day
Oil prices rose for the third day in a row Friday as traders brushed aside
rising crude inventories and signs of slowing demand growth and focused instead
on fears that producers will have trouble keeping the market adequately
supplied longer term.
http://msnbc.msn.com/id/5612507/
Qwest would reconsider bidding for MCI
Qwest Communications International Inc. would consider renewing its pursuit of
MCI Inc. if MCI shareholders launched an effort to replace their board, Qwest
CEO Richard Notebaert said in a newspaper interview published Friday.
http://msnbc.msn.com/id/7761560/
Feds reportedly probe gifts to Fidelity workers
The investigation into whether some traders at Fidelity Investments were given
gifts, including sex and drugs, by Wall Street bank brokers in an effort to win
the firm�?Ts trading business has widened to include a federal criminal probe,
published reports said.
http://msnbc.msn.com/id/7761816/
Microsoft will support gay rights legislation
In a turnaround Friday, Microsoft Corp. chief executive Steve Ballmer said the
company will support gay rights legislation.
http://msnbc.msn.com/id/7762073/
GE restates results, boosts past earnings
General Electric Co. said Friday it will restate financial results for several
years, boosting earnings by $381 million from 2001 through the first quarter of
2005. The diversified industrial, finance and media company boosted its
guidance for earnings in the second quarter and reaffirmed its full-year
forecast.
http://msnbc.msn.com/id/7759123/
Buffett's Berkshire to buy GE insurer
A unit of Warren Buffett's Berkshire Hathaway Inc. Friday agreed to buy General
Electric Co.'s Medical Protective Corp. unit, a malpractice insurer for doctors
and dentists, for $825 million, its biggest purchase in nearly two years.
http://msnbc.msn.com/id/7761238/
Ex-AIG chief seen target of stock inquiry
U.S. prosecutors are investigating whether the former chief executive of
American International Group headed an effort to manipulate the company's stock
price in his final weeks as CEO of one of the world's largest insurance firms,
the New York Times reported Friday.
http://msnbc.msn.com/id/7759135/
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