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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10683.74 +60.59
NASDAQ: 2218.15 +22.77
S&P 500: 1244.12 +8.77
AMEX: 1629.71 +16.84
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Consumer data drive Wall Street higher
Stocks indexes closed Tuesday with solid gains, and the Nasdaq composite index
at a four-year high, as Wall Street welcomed data showing increased consumer
spending and income for June and a continuation of double-digit corporate
earnings growth.
http://msnbc.msn.com/id/3683270/
Unocal bid won't slow China's shopping spree
Congress may have been able to stop CNOOC from buying Unocal, but expect
Chinese companies to continue to try to buy up U.S. companies. By John W.
Schoen.
http://msnbc.msn.com/id/8800222/
China's CNOOC drops bid for Unocal
Chinaâ?Ts government-owned CNOOC Ltd. withdrew its $18.4 billion bid for Unocal
Corp. on Tuesday, ending a politically charged takeover battle that highlighted
the United Statesâ?T growing apprehension about the economic rise of the
worldâ?Ts largest country.
http://msnbc.msn.com/id/8795682/
Big Three posts double-digit gains
General Motors, Ford and Chrysler posted double-digit U.S. sales gains for July
Tuesday as hefty discounts delivered blowout results for the traditional Big
Three car companies.
http://msnbc.msn.com/id/8798940/
CIBC pays $2.4B to settle Enron case
Canadian Imperial Bank of Commerce agreed to pay $2.4 billion on Tuesday to
settle claims it helped hide losses at Enron through a massive accounting fraud.
http://msnbc.msn.com/id/8801056/
GM extends employee discount
General Motors Corp. is extending its popular employee discount program, dealer
sources said on Tuesday.
http://msnbc.msn.com/id/8798137/
Comcast's earnings jump 64 percent
Comcast Corp. reported Tuesday that second-quarter profit rose 64 percent as
its video and high-speed Internet businesses gained steam.
http://msnbc.msn.com/id/8798937/
How about an iPod with that checking account?
You won't see many banks giving away free toasters to new customers these days.
The 1970s-era "toaster giveaway" -- designed to lure customers from competing
banks -- has become a banking-world cliche.
http://msnbc.msn.com/id/8799252/
Bush signs Central America trade pact
President Bush signed a free trade agreement with six Latin American countries
on Tuesday, celebrating a victory so narrow that it cast doubt on the future of
other trade-opening pacts.
http://msnbc.msn.com/id/8794279/
Consumer spending rebounded in June
Consumers rediscovered their appetite for shopping in June, boosting spending
by a strong 0.8 percent. It was fresh testament to the economyâ?Ts momentum as
it headed into the third quarter.
http://msnbc.msn.com/id/8796472/
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