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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 11219.70 +119.27
NASDAQ: 2094.14 +39.67
S&P 500: 1278.55 +15.35
AMEX: 1964.16 +32.50
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Data showing slower growth boost stocks
Evidence of a moderating economy helped stocks to mount a strong rally Friday,
as a sharp slowdown in second-quarter gross domestic product growth fed hopes
for an end to rising interest rates. The market chalked up its best weekly gain
since March 2005.
http://msnbc.msn.com/id/3683270/
Economy slows; inflation heats up
The economyâ?Ts growth slowed sharply in the second quarter, logging just a 2.5
percent pace as consumers tightened their belts and spending on home building
suffered its deepest cut in nearly six years. Inflation, however, shot up.
http://msnbc.msn.com/id/14074254/
Chevron's profit hits record high
Chevron Corp. said Friday its second-quarter profit surged 18 percent to set a
new three-month high for the 127-year-old company and cap the latest round of
enormous earnings for the oil industry.
http://msnbc.msn.com/id/14075461/
Paramount overhauls 'World Trade Center' ads
A major movie studio is making a sudden about face just before releasing a $63
million, Oliver-Stone directed motion picture. And the late change could have a
huge impact on the bottom line for the movie and studio. By CNBC"s Julia
Boorstin.
http://msnbc.msn.com/id/14078224/
Appeals court upholds Ebbers conviction
A federal appeals court on Friday upheld the conviction of former WorldCom Inc.
Chief Executive Bernard Ebbers on charges related to a multibillion dollar
accounting fraud.
http://msnbc.msn.com/id/14079203/
Ex-Qwest CFO spared prison time
Former Qwest finance chief Robin Szeliga was sentenced Friday to two yearsâ?T
probation, six months of home detention and a $250,000 fine for insider trading.
http://msnbc.msn.com/id/14073102/
Three charged in voicemail stock scheme
The federal government on Thursday charged three Florida residents with
conspiracy and securities fraud in a scheme using thousands of phony voicemail
messages left on people's answering machines to entice them to buy certain
stocks.
http://msnbc.msn.com/id/14073318/
Wal-Mart selling its 85 stores in Germany
Wal-Mart Stores Inc. said Friday it will sell its 85 stores in Germany to Metro
AG, a move that effectively ends a nearly decade-long effort by the world's
largest retailer to crack the market in Europe's biggest economy.
http://msnbc.msn.com/id/14073098/
Oil prices slide below $74 a barrel
A selloff in gasoline on Friday sent oil prices tumbling by more than $1 a
barrel. Analysts said there didnâ?Tt appear to be any obvious trigger for the
downward move, so they chalked it up to profit-taking.
http://msnbc.msn.com/id/12400801/
Consumer sentiment beats expectations
U.S. consumer sentiment was stronger-than-expected in July, a report showed on
Friday, as expectations improved despite a slip in views on the current
economic situation.
http://msnbc.msn.com/id/14076206/
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