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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10297.84 -123.60
NASDAQ: 2053.27 -17.39
S&P 500: 1191.57 -9.16
AMEX: NaN ??
Wall Street Watch: Complete coverage
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Business
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Stocks see worst week since mid-April
Wall Street slumped for a second straight session Friday, posting its worst
weekly performance since mid-April, as investors ignored upbeat reports on
durable goods and new home sales and focused on crude oil prices, which settled
at a record high.
http://msnbc.msn.com/id/3683270/
Durable goods orders jumped in May
Orders to U.S. factories for big-ticket manufactured goods shot up at the
fastest pace in 14 months in May, reflecting a huge jump in demand for
commercial aircraft.
http://msnbc.msn.com/id/8343637/
New home sales surge, but prices fall
Sales of new homes in the United States in May climbed to the second highest
level in history, but the median sales price fell sharply, the government
reported Friday.
http://msnbc.msn.com/id/8344723/
Home for sale ... brought to you by John Deere
Developers building a slice of suburbia in the piney woods here have partnered
with tractor-builder John Deere in an unusual marketing deal they both hope
will lead to improved sales.
http://msnbc.msn.com/id/8347310/
Oil prices settle at record high
Crude oil futures settled at a record near $60 a barrel Friday as prices rose
on speculative buying and fears of supply disruptions due to refinery glitches.
http://msnbc.msn.com/id/5612507/
Citigroup, Legg Mason agree to asset swap
Citigroup Inc. on Friday said it agreed to swap most of its asset-management
business in exchange for Legg Mason Inc.'s broker-dealer business, about $1.5
billion in Legg Mason stock and a roughly $550 million, five-year loan
facility. The total value of the transaction is about $3.7 billion, subject to
adjustments, the companies said.
http://msnbc.msn.com/id/8343899/
China oil firm tries to ease worries on Unocal
Trying to allay U.S. national security worries about its bid for Unocal Corp.,
Chinese state-owned oil company CNOOC Ltd. said Friday it was willing to
discuss selling some Unocal assets and putting others under American management.
http://msnbc.msn.com/id/8343912/
WP: China's oil bid riles Congress
Political fears of China's economic might have intensified after China's bid to
take over a U.S. oil company.
http://msnbc.msn.com/id/8344064/
Oracle taps Gregory Maffei as president, CFO
Business software maker Oracle Corp. said Friday that it tapped former
Microsoft executive Gregory B. Maffei to be president and chief financial
officer.
http://msnbc.msn.com/id/8344356/
Alcoa to cut 6,500 jobs in further restructuring
Alcoa Inc., on Thursday said it will eliminate about 6,500 jobs globally during
the second quarter as part of a restructuring aimed at saving the company $150
million a year.
http://msnbc.msn.com/id/8335329/
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