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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10285.26 -62.84
NASDAQ: 2056.00 -14.30
S&P 500: 1178.14 -11.96
AMEX: 1600.27 -23.38
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Nervousness about inflation sinks stocks
A sharp jump in wholesale prices raised inflation fears on Wall Street Tuesday
and left stock prices lower at the close, despite strong profit reports from a
number of companies in the Dow Jones industrial average.
http://msnbc.msn.com/id/3683270/
Fed replacement high stakes for Bush
Choosing a replacement for Federal Reserve Board Chairman Alan Greenspan is
high stakes politics for President George W. Bush.
http://msnbc.msn.com/id/9740665/
Wholesale prices jumped in September
Inflation at the wholesale level last month soared by the largest amount in
more than 15 years, reflecting the surge in energy prices that occurred
following the Gulf Coast hurricanes.
http://msnbc.msn.com/id/9738166/
Bush panel backs end to most tax deductions
President Bush's tax panel on Tuesday endorsed a drastically simplified income
tax system that envisions eliminating most deductions, credits, savings
incentives and other tax breaks, replacing them with a few simpler benefits.
http://msnbc.msn.com/id/9740010/
Refco to sell core business, files for bankruptcy
Troubled commodities broker Refco Inc. filed for Chapter 11 bankruptcy
protection and said it had reached a preliminary deal to sell its core futures
brokerage business to a group of private investors for $768 million.
http://msnbc.msn.com/id/9737632/
Second Airbus A380 makes maiden flight
A second Airbus A380 took off on its maiden flight Tuesday, stepping up the
"superjumbo" flight test program a year before the world's largest passenger
plane is due to enter service.
http://msnbc.msn.com/id/9737609/
Roche to lift Tamiflu output amid bird flu fears
Swiss pharmaceutical company Roche Holding AG said Tuesday it was building a
new plant in the United States to boost production of its Tamiflu drug amid
fears of a global flu pandemic.
http://msnbc.msn.com/id/9737896/
Merrill Lynch profit rises to record level
Merrill Lynch & Co., the biggest U.S. brokerage, on Tuesday said quarterly net
income climbed 49 percent to record levels as underwriting and trading revenue
jumped.
http://msnbc.msn.com/id/9738790/
Johnson & Johnsonâ?Ts profit rises 12 percent
Health-care products company Johnson & Johnson said Tuesday that its
third-quarter profit rose 12 percent on strong performance from its medical
devices segment.
http://msnbc.msn.com/id/9738762/
3Mâ?Ts profit grew 10 percent in third quarter
3M Co., maker of Scotch tape, Post-it notes and a range of industrial products,
said earnings for the third quarter rose 10 percent. The company raised the
lower end of its earnings guidance for the full year.
http://msnbc.msn.com/id/9738698/
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