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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10557.39 +43.50
NASDAQ: 2144.11 +0.96
S&P 500: 1223.29 +1.08
AMEX: 1562.37 -21.41
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Ebbers sentenced to 25 years in prison
Former WorldCom Chief Executive Bernard Ebbers was handed a 25-year prison term
Wednesday for directing the biggest accounting fraud in corporate history,
leaving thousands of investors empty-handed.
http://msnbc.msn.com/id/8474930/
Mississippians react to Ebbers' sentence
Some Mississippians who lost money in the collapse of homegrown
telecommunications giant WorldCom say theyâ?Tre satisfied with the 25-year
sentence handed down Wednesday to former CEO Bernard Ebbers.
http://msnbc.msn.com/id/8565173/
Stocks edge up after trade deficit report
Stocks finished Wednesday up modestly, as investors weighed solid
second-quarter earnings against higher oil prices and a drop in petroleum
reserves.
http://msnbc.msn.com/id/3683270/
Ditching corporate life for balance
Forsaking corporate jobs may not yet be a trend, but if boomers made it one it
wouldnâ?Tt be surprising for a generation known for shattering barriers and
doing things in its own unconventional way.
http://msnbc.msn.com/id/8554943/
U.S. trade deficit improves slightly in May
The trade deficit fell in May, reflecting a rise in U.S. exports to the highest
level in history and a temporary decline in foreign oil prices. But the
improvement was likely to be short-lived, with oil prices again hovering around
record levels.
http://msnbc.msn.com/id/8561325/
SEC launches Harley-Davidson investigation
Motorcycle maker Harley-Davidson Inc. said Wednesday that the staff of the
Securities and Exchange Commission is launching an inquiry into the companyâ?Ts
April announcement that it would limit short-term production and decrease
planned motorcycle shipments. The motorcycle maker also posted a lower
quarterly profit.
http://msnbc.msn.com/id/8560767/
Shareholders OK Sprint's acquisition of Nextel
Shareholders gave overwhelming support to Sprint Corp.'s $35 billion
acquisition of Nextel Communications Inc. on Wednesday, in another step toward
creating the nation's No. 3 wireless company.
http://msnbc.msn.com/id/8564599/
May, Federated shareholders OK takeover
May Department Stores Inc. shareholders approved the companyâ?Ts takeover by
rival Federated Department Stores Inc. on Wednesday in a $11 billion deal that
will bring Macyâ?Ts, Bloomingdaleâ?Ts, Lord & Taylor and Fileneâ?Ts all under
the same corporate umbrella.
http://msnbc.msn.com/id/8562523/
Oil settles just above $60 a barrel
Oil prices fell Wednesday following an international energy watchdogâ?Ts
forecast of slower-than-expected demand growth and a Department of Energy
report that showed rising supplies of heating oil and diesel.
http://msnbc.msn.com/id/5612507/
BP works to right huge U.S. drilling platform
BP worked Wednesday to right a $1 billion petroleum platform found listing in
the deepwater Gulf of Mexico after Hurricane Dennis.
http://msnbc.msn.com/id/8550990/
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