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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 11015.19 +198.27
NASDAQ: 2144.15 +58.15
S&P 500: 1256.16 +26.12
AMEX: 1866.73 +52.62
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Stock surge brings Dow back above 11,000
Wall Street rallied strongly for a second session Thursday, as earnings from
Bear Stearns and mild economic data helped stocks regain their footing after
several weeks of hefty losses. The Dow Jones industrial average surged 198
points to surpass the closely-watched 11,000 level.
http://msnbc.msn.com/id/3683270/
Bernanke: Fed needs to watch for inflation
Energy prices are likely to stay high and how much they push up the price of
other goods and services bears close watching, Federal Reserve Chairman Ben
Bernanke said Thursday.
http://msnbc.msn.com/id/13344662/
A new drilling battle begins
There is a fight in Congress over the future of offshore drilling, with
billions of dollars at stake. The battle lines pit Republicans against
Republicans, Democrats against Democrats, and industry against
environmentalists.
http://msnbc.msn.com/id/13336333/
U.S. jobless claims down unexpectedly
The number of newly laid off workers filing claims for unemployment benefits
fell to the lowest level in nearly four months last week, but the decline was
viewed as overstating the strength in the labor market.
http://msnbc.msn.com/id/13337158/
Major airlines boost some basic fares
Last-minute business travelers and some first-class fliers will pay more this
summer for domestic tickets on some of the major airlines.
http://msnbc.msn.com/id/13344649/
Mortgage rates rise on Fed rate worries
Mortgage rates continued to rise this week as financial markets became more
convinced the Federal Reserve will boost interest rates further.
http://msnbc.msn.com/id/7148582/
EMI settles 'payola' probe
EMI Music North America has agreed to pay $3.75 million to charity to settle
charges it paid radio executives in exchange to get air time for artists like
the Rolling Stones and Coldplay.
http://msnbc.msn.com/id/13343742/
Airbus parent to look into A380 delays
Airbus parent company EADS will launch a probe into the latest delays of the
superjumbo A380, its co-chairman said in an interview published Thursday, amid
mounting questions about the companyâ?Ts management and stock sales earlier
this year.
http://msnbc.msn.com/id/13341449/
Bear Stearns profit jumps 83 percent
Bear Stearns Cos., the nationâ?Ts seventh-largest brokerage, reported Thursday
that strong equities trading and fixed income revenue lifted second-quarter
profit by 83 percent to beat Wall Street expectations by a wide margin.
http://msnbc.msn.com/id/13337811/
Industrial production down unexpectedly
Industrial production unexpectedly fell in May, reflecting weakness in
manufacturing, as the economy flashed more signals of a spring slowdown.
http://msnbc.msn.com/id/13338297/
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