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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
DJIA: 11947.70 +95.57
NASDAQ: 2346.18 +37.91
S&P 500: 1362.83 +12.88
AMEX: 1879.92 +15.11
Wall Street Watch: Complete coverage
http://www.msnbc.msn.com/id/3032221/
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Business
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Wall Street rallies to new record close
Stocks surged Thursday, with the Dow Jones industrial average closing at a new
record high above 11,900, after big consumer names like McDonaldâ?Ts Corp.
raised hopes that corporate earnings would remain strong and the Federal
Reserve said economic growth was moderate.
http://msnbc.msn.com/id/3683270/
Study: Credit card late fees are higher
Late fees for credit card payments have jumped, but card issuers have done a
poor job of explaining their policies on fees and penalties to consumers, a new
study by congressional investigators has found.
http://msnbc.msn.com/id/15233099/
GMâ?Ts next challenge: â?~Rifle Rightâ?T Kerkorian
Just when things were starting to look up for General Motors, the ailing
automaker finds itself in a fight with an 89-year-old former amateur boxer with
a mean right hook. By MSNBC.comâ?Ts Roland Jones.
http://msnbc.msn.com/id/15212606/
U.S. trade gap widens more than expected
Americaâ?Ts trade deficit hit an all-time high as record imports of oil swamped
a solid gain in U.S. exports. The politically sensitive deficit with China set
a record, a point that Democrats are sure to use in attacking President
Bushâ?Ts trade policies in the closing weeks of the battle for Congress.
http://msnbc.msn.com/id/15233658/
Playboy sues Chinese firms over bunny logo
U.S. adult entertainment group Playboy Enterprises has filed a lawsuit against
three Chinese companies to protect its famous bunny logo, according to a report
from the state-run news organization China Daily.
http://msnbc.msn.com/id/15236345/
WP: A cheaper house may cost you
One of the lures of the outer suburbs is more house -- maybe even one with a
big yard -- for less money. But a new study shows that the savings are
illusory: The costs of longer commutes are so high that they can outweigh the
cheaper mortgage payments.
http://msnbc.msn.com/id/15230632/
Weekly U.S. jobless claims up by 4,000
First-time claims for U.S. jobless benefits inched up 4,000 to 308,000 last
week, nearly matching expectations, Labor Department data showed on Thursday.
http://msnbc.msn.com/id/15233660/
Economists want minimum wage raised
More than 650 economists, including five winners of the Nobel Prize for
economics, called Wednesday for an increase in the minimum wage, saying the
value of the last increase, in 1997, has been â?ofully eroded.â?
http://msnbc.msn.com/id/15227667/
Costly cat-cloning business to close
Genetic Savings & Clone, a biotechnology company that sold cloned pets, sent
letters to its customers last month informing them it will close at the end of
the year because of little demand for cloned cats. The company had recently
reduced the price from $50,000 to $32,000.
http://msnbc.msn.com/id/15226907/
Where housing prices will fall the most
Almost no one is arguing about whether the U.S. housing market is in decline
these days. Yet many people are wringing their hands over which markets will be
the worst hit and how steep the price declines will be.
http://msnbc.msn.com/id/15223373/
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