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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10481.52 -76.11
NASDAQ: 2131.33 -13.93
S&P 500: 1221.34 -9.68
AMEX: 1722.24 -7.20
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Fed raises rates again despite Katrina
The Federal Reserve raised short-term interest for an eleventh straight time
Tuesday, acting to raise borrowing costs despite the impact of Hurricane
Katrina, which is expected to slow the national economy in coming months.
http://msnbc.msn.com/id/9409062/
Wall Street slumps after Fed raises rates
Stocks sold off sharply Tuesday after the Federal Reserve said it would
continue raising interest rates despite Wall Streetâ?Ts worries about the
economic impact of Hurricane Katrina.
http://msnbc.msn.com/id/3683270/
Katrina seen sidelining permanent tax cuts
The recovery from Hurricane Katrina may temporarily sideline some parts of
President Bushâ?Ts domestic agenda, including efforts to make the
administrationâ?Ts tax cuts permanent, U.S. Treasury Secretary John Snow said
Tuesday.
http://msnbc.msn.com/id/9408727/
Oil prices fall back despite storm worries
Crude-oil prices fell more than $1 a barrel Tuesday as traders took profits
from a huge spike a day earlier, brought about by worries that Hurricane Rita
could inflict further damage to an industry still reeling from Hurricane
Katrinaâ?Ts onslaught three weeks ago.
http://msnbc.msn.com/id/5612507/
Are airline miles worth the hassle?
With Northwest and Delta Air Lines joining United, US Airways and ATA in the no
longer exclusive club of U.S. airlines operating in bankruptcy, frequent fliers
are growing wary and just weary of their mileage programs.
http://msnbc.msn.com/id/9400672/
Federated plans to cut about 6,200 jobs
Federated Department Stores Inc. said on Tuesday it is planning to cut up to
6,200 jobs beginning in 2006, including 1,700 in St. Louis at the corporate
offices of May Department Stores Co. that Federated bought this year.
http://msnbc.msn.com/id/9409088/
OPEC seeks to reassure jittery oil market
OPEC agreed Tuesday to make available 2 million extra barrels of oil a day in
an effort to reassure markets edgy over supplies for the winter and storms
threatening more damage to refineries along the U.S. Gulf Coast.
http://msnbc.msn.com/id/9391813/
Housing construction falls for 2nd month
Construction of new homes edged down in August for a second consecutive month,
providing evidence that the nationâ?Ts red-hot housing market may finally be
cooling a bit.
http://msnbc.msn.com/id/9407419/
Microsoft could face new EU antitrust case
The European Commission may bring a new competition case against Microsoft the
EU competition commissioner said in a newspaper interview.
http://msnbc.msn.com/id/9406942/
Entergy's New Orleans unit mulls bankruptcy
Electricity and gas utility Entergy Corp. said Tuesday its New Orleans unit
will consider filing for bankruptcy protection in the wake of Hurricane Katrina
because lower revenue and high restoration costs could leave that business
short of cash.
http://msnbc.msn.com/id/9407652/
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