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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 11011.42 +212.19
NASDAQ: 2080.71 +37.49
S&P 500: 1259.81 +22.95
AMEX: 1911.54 +28.74
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Fed chiefâ?Ts comments set stocks ablaze
Stocks and bonds rallied sharply Wednesday after Federal Reserve Chairman Ben
Bernanke soothed investors with his view that economic growth seems to be
moderating and inflation remains contained. The Dow Jones industrial average
surged 212 points, while Treasury bonds recovered from earlier losses and shot
higher.
http://msnbc.msn.com/id/3683270/
Fed Chairman: High oil prices a concern
Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that record
high oil prices are a concern, but that a slowing economy should moderate
inflation down the road.
http://msnbc.msn.com/id/13935793/
U.S. consumer inflation slowed in June
Consumer inflation slowed in June, helped by a temporary drop in energy prices.
But the improvement was expected to be short-lived with a new crisis in the
Middle East pushing crude oil to record highs.
http://msnbc.msn.com/id/13932512/
June housing starts fall more than expected
The pace of U.S. home building fell more than expected in June as
groundbreaking on single-family units logged the slowest pace in 1-1/2 years,
according to a government report on Wednesday that added to signs of a broad
cooling in the housing market.
http://msnbc.msn.com/id/13935220/
OPEC chief: Oil spike â?~very uncomfortableâ?T
The latest spike in oil prices to near $80 a barrel is â?overy uncomfortableâ?
and is hurting the world economy, the president of the Organization of the
Petroleum Exporting Countries (OPEC) said on Wednesday.
http://msnbc.msn.com/id/13934030/
Judge overturns Wal-Mart law
A federal judge overturned a Maryland law that would have required Wal-Mart to
spend at least 8 percent of its payroll on health care. The bill was passed on
order to stem rising Medicaid costs.
http://msnbc.msn.com/id/13939275/
Airbus announces 62 new jet orders
European planemaker Airbus announced 62 new jet orders making up some ground
on U.S. rival Boeing Co. in the order book stakes.
http://msnbc.msn.com/id/13937122/
Disney Pictures to slash staff, movie output
Head of live-action production Nina Jacobsen among those losing their jobs
http://msnbc.msn.com/id/13927010/
Worst American cars of 2006
American carmakers such as Corvettes and Cadillacs are popularly known as the
best vehicles ever built, but a lot of vehicles made and sold in the U.S.
leave a lot to be desired in terms of safety, efficiency and reliability.
http://msnbc.msn.com/id/13939015/
US Airways to place ads on sickness bags
US Airways wants to make the most out of a nauseating situation. The Tempe,
Ariz.-based airline plans to sell advertisements on its air-sickness bags â?"
those pint-sized expandable envelopes tucked between the in-flight magazines
and safety cards.
http://msnbc.msn.com/id/13931680/
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