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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10522.59 +49.86
NASDAQ: 2160.22 +15.91
S&P 500: 1219.94 +5.18
AMEX: 1694.21 +13.00
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Upbeat retail report drives Wall Street higher
Better-than-expected retail sales and increased worker productivity helped
drive stocks higher Thursday, as investorsâ?T worries about the health of the
economy eased. A major court victory for Dow Jones industrial Merck & Co.
lifted blue-chip stocks.
http://msnbc.msn.com/id/3683270/
Colder weather boosts October retail sales
The outlook for the holiday shopping season brightened a little Thursday, as
many of the nationâ?Ts retailers reported that their sales improved in October
with the arrival of colder weather.
http://msnbc.msn.com/id/9909830/
Mortgage rates at highest level since mid-2004
In a development that could begin to chill the red-hot housing market, 30-year
mortgage rates have risen to their highest level since mid-2004.
http://msnbc.msn.com/id/7148582/
Rising mortgage rates may spur riskier loans
Low interest rates have ensured that mortgage bankers had to do relatively
little to attract new business in recent years. But this likely will change as
borrowing costs rise and bankers now worry some lenders will make risky loans
to keep their businesses alive.
http://msnbc.msn.com/id/9913714/
Flu pandemic could damage Asian economies
The Asian Development Bank on Thursday projected a bird flu pandemic in Asia
could kill around 3 million people, cause economic losses of up to nearly $300
billion and possibly push the world into a recession.
http://msnbc.msn.com/id/9908962/
Oil prices jump more than $2 a barrel
Crude-oil futures jumped more than $2 a barrel Thursday in buying that some
analysts ascribed to bargain-hunting after prices had settled below $60 a
barrel for three straight days.
http://msnbc.msn.com/id/5612507/
AOL purchases MusicNow subscription service
America Online Inc. expanded its offerings to digital music consumers with the
acquisition of the MusicNow subscription service from Circuit City Stores Inc.,
AOL said Thursday.
http://msnbc.msn.com/id/9912380/
Storm-related layoffs rise by another 19,400
Job losses related to the devastating Gulf Coast hurricanes climbed to 521,400
last week with layoffs from Hurricane Wilma showing up for the first time, the
government reported Thursday.
http://msnbc.msn.com/id/9909698/
GM to boost Hummer H3, pickup production
General Motors Corp. Thursday said it will invest about $20 million in its
Shreveport, Louisiana, truck assembly plant to increase production of the
Hummer H3 sport utility vehicle and Chevrolet Colorado and GMC Canyon mid-size
pickups.
http://msnbc.msn.com/id/9911987/
Greenspan warns of budget deficit impacts
With just three months left before he leaves office, Federal Reserve Chairman
Alan Greenspan raised a warning to Congress: The country could face â?oserious
economic disruptionsâ? if bloated budget deficits are not curbed.
http://msnbc.msn.com/id/9910605/
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