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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10274.97 -99.51
NASDAQ: 2056.96 -11.93
S&P 500: 1191.33 -8.52
AMEX: 1544.41 +3.85
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Fed hikes short-term rates a quarter-point
The Federal Reserve raised short-term interest rates for the ninth time in a
year Thursday, hiking its main benchmark to the highest level since shortly
after the terrorist attacks of Sept. 11, 2001.
http://msnbc.msn.com/id/8419658/
Stocks drop after Fed raises rates
Disappointed investors sent stocks sliding Thursday after the Federal Reserve
said it would continue raising interest rates at a "measured" pace. As
expected, the Fed also raised short-term rates for the ninth time in a year.
http://msnbc.msn.com/id/3683270/
Mortgage rates drop to 15-month lows
Long-term mortgage rates have drifted lower, hitting their lowest level since
April 2004, according to a weekly survey by Freddie Mac released Thursday.
http://msnbc.msn.com/id/7148582/
Bank of America to acquire MBNA
Bank of America Corp. on Thursday said it will acquire MBNA Corp. in a $35
billion cash and stock deal that will result in 6,000 jobs cuts but transform
the nationâ?Ts third-largest bank into one of the worldâ?Ts largest credit card
issuers.
http://msnbc.msn.com/id/8414809/
Judge defends handling of Scrushy case
The judge in the trial of Richard Scrushy defended her performance in an
interview published Thursday, saying she never wanted the case but had a duty
to make sure the fired HealthSouth Corp. chief executive â?" who won a full
acquittal â?" was treated fairly.
http://msnbc.msn.com/id/8420761/
Crude oil continues its decline
Oil prices continued to decline Thursday after figures showed a
larger-than-expected supply of U.S. petroleum and related products.
http://msnbc.msn.com/id/5612507/
Boeing names 3M chief McNerney as CEO
Boeing Co. on Thursday named 3M Co. Chief Executive W. James McNerney as its
new CEO, turning to an outsider to help the aerospace company recover from
recent ethical lapses and lead its high-stakes bid to regain the top spot in
commercial airplane sales.
http://msnbc.msn.com/id/8415508/
John Mack is back at Morgan Stanley
Morgan Stanley named former president John Mack as its new chairman and chief
executive officer Thursday, replacing Philip Purcell at the head of one of Wall
Streetâ?Ts most storied investment banks.
http://msnbc.msn.com/id/8417221/
FERC approves Exelon-PSEG deal
FERC Thursday formally approved a $15 billion megamerger between Exelon Corp.
and Public Service Enterprise Group Inc. to create the nation's largest utility.
http://msnbc.msn.com/id/8419580/
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