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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 11076.18 -97.41
NASDAQ: 2060.28 -0.57
S&P 500: 1265.95 -5.53
AMEX: 2001.72 +10.39
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Rising oil prices pressure Wall Street
Investors concerned over erratic oil prices and a slowing economy sent stocks
lower Wednesday despite strong earnings from Cisco Systems Inc. and the Federal
Reserveâ?Ts pause in raising interest rates.
http://msnbc.msn.com/id/3683270/
Fed gives consumers breathing room
The Federal Reserveâ?Ts decision not to raise rates for the first time in two
years should give both consumers and businesses some breathing room.
http://msnbc.msn.com/id/14251930/
Tokyo tops 'Big Mac' index
Residents of Tokyo have the highest purchasing power in the world, edging out
people in Los Angeles, Sydney, London and Toronto, according to a new survey by
the Swiss banking giant UBS that uses the "Big Mac" as its benchmark.
http://msnbc.msn.com/id/14270071/
Three former Comverse execs charged
Three former top executives at Comverse Technology Inc., a leading maker of
voicemail software, have been indicted in a scheme to manipulate stock options,
authorities said Wednesday.
http://msnbc.msn.com/id/14262243/
Toll Brothers says home building sliding
Luxury home builder Toll Brothers Inc. on Wednesday said third-quarter sales
fell and signed contracts were cut nearly in half as the housing market
continued to slow.
http://msnbc.msn.com/id/14262133/
Indian state bans Coke, Pepsi products
A southern Indian state on Wednesday banned the sale and production of Coke,
Pepsi, Sprite and other soft drinks made by the Indian subsidiaries of
Coca-Cola Co. and PepsiCo Inc., an official said.
http://msnbc.msn.com/id/14268284/
Disney profit up on studios, theme parks
Strong DVD sales and continued growth at domestic theme parks drove higher
third-quarter profit and revenue at The Walt Disney Co.
http://msnbc.msn.com/id/14262634/
Cisco rallies after bullish earnings outlook
Shares of Cisco Systems Inc. surged Wednesday, one day after the
network-equipment maker reported a gain in fiscal fourth-quarter profit and
issued a bullish outlook.
http://msnbc.msn.com/id/14262959/
Oil prices rise on supply concerns
Oil prices rose Wednesday after the U.S. government reported drops in crude,
gasoline and distillate fuel inventories â?" aggravating concerns about a
supply shortage from the shutdown of a major pipeline in Alaska.
http://msnbc.msn.com/id/12400801/
BP faces daunting repair job
As officials at BP scrambled to reopen a major Alaskan pipeline, analysts and
oil industry experts say the company has its work cut out for it. By
MSNBC.com's John W. Â Schoen
http://msnbc.msn.com/id/14250620/
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