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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 10851.98 -101.97
NASDAQ: 2281.57 -28.99
S&P 500: 1270.84 -11.62
AMEX: 1851.26 -4.23
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stocks tumble as inflation fears weigh
A surprise jump in labor costs and ongoing concerns about the Middle East
triggered a triple-digit slide on Wall Street Thursday, with Dow Jones
industrial average finishing the day down 102 points.
http://msnbc.msn.com/id/3683270/
Gift cards, warmer weather boost retail sales
Consumers, many armed with gift cards, returned to stores and malls in January,
buying clearance items and spring apparel and giving many retailers a solid
sales boost for the month.
http://msnbc.msn.com/id/11143204/
Oregon high court upholds Philip Morris ruling
The Oregon Supreme Court upheld on Thursday a $79.5 million punitive damages
award to the family of an Oregon smoker who died of lung cancer, saying the
amount isnâ?Tt excessive given the â?oreprehensibleâ? conduct of tobacco giant
Philip Morris in marketing cigarettes.
http://msnbc.msn.com/id/11126662/
Airline passengers reach record 4 billion
A record 4 billion passengers took to the skies in 2005, up 5.5 percent on the
previous year despite higher fuel costs and concerns over terrorism and bird
flu, the main airport operators' association said.
http://msnbc.msn.com/id/11149188/
STOP â?" Western Union sends last telegram
Western Union has sent its final telegram, ending an era that began with Samuel
Morse 162 years ago.
http://msnbc.msn.com/id/11147506/
Mortgage rates move higher over past week
Mortgage rates around the country went up this week, with rates on 30-year
mortgages climbing to their highest point since late December.
http://msnbc.msn.com/id/7148582/
Four indicted in sham General Re, AIG deal
Three former executives at Berkshire Hathawayâ?Ts General Re insurance unit and
a former American International Group executive have been indicted by a federal
grand jury on fraud charges, a Justice Department official said Thursday.
http://msnbc.msn.com/id/11144650/
Northwest looks to foreign flight attendants
Northwest Airlines wants to replace 30 percent of flight attendants on its
international flights with non-U.S. flight attendants, roughly 800 people, to
cut costs so that it can emerge from bankruptcy, a company executive testified
in a New York bankruptcy court Thursday.
http://msnbc.msn.com/id/11148501/
Comcastâ?Ts quarterly earnings plunge
Comcast Corp., the nationâ?Ts largest cable TV operator, said Thursday its net
income for the fourth quarter plunged by 69 percent, as a decline in investment
and other income and a sharply higher tax rate overcame a 9 percent jump in
revenue.
http://msnbc.msn.com/id/11142782/
Efficiency of American workers slows in 2005
The efficiency of American workers rose in 2005 at the slowest pace since the
recession year of 2001 while a key gauge of wage pressures rose at the fastest
pace in five years, the government reported Thursday.
http://msnbc.msn.com/id/11143803/
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