Stocks Stumble as Jobs Data Disappoints
- Friday, April 5, 2013, 16:48
- Stock Market
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Stocks fell on Friday, in the wake of a payrolls report that was much weaker than expected. The Dow Jones industrial average fell 40.86 points or 0.28 percent, to 14,565.25, the S&P 500 lost 6.70 points or 0.43 percent, to 1,553.28 and the Nasdaq Composite dropped 21.12 points or 0.65 percent, to 3,203.86. For the week, the Dow fell 0.1 percent, the S&P lost 1 percent and the Nasdaq dropped 1.9 percent.
MF Global on Friday won court approval of a plan to liquidate its assets, pay back creditors and end the $40 billion bankruptcy that rocked the financial world in 2011.
Hewlett-Packard’s Raymond Lane is stepping down as chairman, the company said Thursday. The move comes amid shareholder dissatisfaction over H-P’s acquisition of U.K.
The Securities and Exchange Commission may have booted Henry Blodget off Wall Street, but the former Merrill Lynch & Co. Internet analyst has attracted some big fans for Business Insider Inc., which he co- founded in 2007.
Tyson Foods Inc. (TSN) will pay $4 million to settle claims that harmful chemicals accidentally released at some of its facilities caused injuries, damage and a fatality, the Department of Justice and Environmental Protection Agency said.
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