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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10385.00 +169.78
NASDAQ: 2115.83 +33.62
S&P 500: 1199.38 +19.79
AMEX: 1621.17 +23.18
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks surge after Fed nomination, earnings
Wall Street rallied strongly Monday, chalking up one of its best performances
in six months, in an apparent approval of President Bushâ?Ts nomination of top
White House economist Ben Bernanke as the next Federal Reserve chairman. Strong
earnings from the drug sector and lower oil prices contributed to the
marketâ?Ts gains.
http://msnbc.msn.com/id/3683270/
Bush nominates Bernanke as next Fed chief
President Bush Monday nominated Ben Bernanke, chairman of his Council of
Economic Advisers, to succeed Alan Greenspan as chairman of the Federal
Reserve, often described as the nationâ?Ts second-most powerful job.
http://msnbc.msn.com/id/9803463/
For Bernanke, inflation poses top risk
Although Federal Reserve Chairman Alan Greenspan is departing the national
stage with the economy in relatively good shape, his designated successor Ben
Bernanke faces a daunting list of risks and potential pitfalls.
http://msnbc.msn.com/id/9777329/
Wilma insured losses seen up to $9 billion
Hurricane Wilma may have caused up to $9 billion in insured losses after
hitting the Florida coast Monday morning, according to early estimates from
risk assessment firms.
http://msnbc.msn.com/id/9802846/
Gas prices drop 25 cents a gallon
Gas prices across the nation fell an average of 25 cents in the past two weeks
as Gulf Coast refineries steadily resumed production, according to a survey
released Sunday. But prices remained slightly higher than before Hurricane
Katrina.
http://msnbc.msn.com/id/9796211/
McDonald's touts 'quality' in ad campaign
McDonald's on Monday will kick off a two-day media event to tout the quality of
its food and combat critics who say its burgers and fries are unhealthy.
http://msnbc.msn.com/id/9804604/
Wal-Mart launches lower-cost health plan
Wal-Mart Stores Inc. is launching a plan to lower health-insurance premiums for
workers, allowing some to buy coverage for as little as $11 per month.
http://msnbc.msn.com/id/9804463/
Oil prices slip after Wilma makes landfall
Crude-oil futures fell Monday as Hurricane Wilma crashed ashore in Florida,
avoiding already battered Gulf of Mexico oil producing and refining facilities.
http://msnbc.msn.com/id/5612507/
Cendant to split into four companies
Cendant Corp., owner of the Orbitz travel Web site and several hotel and
real-estate brands, will split itself into four separate public companies, the
conglomerate said Monday.
http://msnbc.msn.com/id/9801833/
FT: GM has designs on smaller vehicles
General Motors is drawing up stand-by plans to boost production of smaller
vehicles in case the recent increase in US demand for fuel-efficient cars and
light trucks continues into next year, the head of the world's biggest carmaker
said.
http://msnbc.msn.com/id/9801765/
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