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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10705.55 +68.46
NASDAQ: 2198.44 +12.22
S&P 500: 1243.72 +6.93
AMEX: 1585.41 +18.44
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Wall Street boosted by upbeat earnings
Wall Street closed with solid gains Thursday on a raft of strong earnings
reports.
http://msnbc.msn.com/id/3683270/
After Oil: Alternative energy slow to take hold
Thirty years after the â?ooil shocksâ? of the 1970s, the global economy is
still dependant on petroleum. And despite billions of dollars in research
grants and government subsidies, no alternative energy source has yet been
developed to replace it. -- By MSNBC.com's John W. Schoen
http://msnbc.msn.com/id/7549530/
DaimlerChrysler CEO Schrempp to step down
DaimlerChrysler CEO Juergen Schrempp, the architect of the 1998 merger that
married Daimler-Benz to Chrysler, will leave the company by the end of the year
and turn over the reins to Dieter Zetsche, now head of the U.S.-based Chrysler
Group, the company said Thursday.
http://msnbc.msn.com/id/8737805/
NBC Universal in talks to buy DreamWorks
NBC Universal is in talks to buy the privately held live-action film studio
DreamWorks SKG, according to news reports Thursday.
http://msnbc.msn.com/id/8739927/
Mortgage rates continue steady increase
Average U.S. interest rates on 30- and 15-year mortgages inched upward for a
fourth straight week, rising to their highest level since May, mortgage finance
company Freddie Mac said on Thursday.
http://msnbc.msn.com/id/7148582/
Federated to turn 330 May stores into Macyâ?Ts
The number of Macyâ?Ts stores nationwide will rise to some 730 while retail
shopping names such as Famous-Barr, Fileneâ?Ts, Hechtâ?Ts and Kaufmannâ?Ts will
disappear next year under plans outlined Thursday by Federated Department
Stores Inc. for its pending takeover of May Department Stores Co.
http://msnbc.msn.com/id/8740963/
Morgan Stanley to cut 10 percent of brokers
Morgan Stanley will cut the number of financial advisers in its underperforming
retail brokerage unit by 10 percent, the U.S. investment bank said in an
internal memo Thursday.
http://msnbc.msn.com/id/8741483/
High oil prices boost Exxon Mobilâ?Ts earnings
Exxon Mobil Corp., the worldâ?Ts largest publicly traded oil company, posted a
32 percent rise in quarterly profit Thursday, pushed up by a relentless surge
in crude oil prices and strong refining margins.
http://msnbc.msn.com/id/8739488/
Weekly jobless claims edge up slightly
The number of Americans filing new claims for unemployment benefits edged up
slightly last week but remained at a level indicating a strong labor market.
http://msnbc.msn.com/id/8739617/
Wal-Mart Stores sues a former top executive
Wal-Mart Stores Inc. sued former vice chairman Tom Coughlin on Wednesday,
seeking to void his multimillion-dollar retirement package amid company
allegations that he misspent the companyâ?Ts money for seven years before
resigning from its board.
http://msnbc.msn.com/id/8738351/
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