U.S. stocks fell on Friday as traders grew increasingly anxious over the state of the global economy. At close, the Dow Jones Industrial Average dropped 115.44 points, or 0.64%, to 18,010.68 and ended the week 1.2% lower. The S&P 500 fell 13.40 points, or 0.63%, to 2,107.39 and lost 0.9% over the week. The Nasdaq Composite was down 27.95 points, or 0.55%, to 5,070.03 and posted a 0.4% loss over the week.
The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default. Germany said there was no sign of a breakthrough.
Apple Inc has acquired Metaio, a German company whose technology melds real-world imagery and computer-generated elements into moving video presentations, according to a corporate filing.
Airbus Group SE, Europe’s largest aerospace company, is establishing a venture capital arm in Silicon Valley along with a business innovation center headed by an ex- Google Inc. executive as it tries to maintain a technology edge in the face of a new breed of potential rivals.
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