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Employers add 80,000 jobs as economy struggles
WASHINGTON — The American job machine has jammed. Again. The economy added only 80,000 jobs in June, the government said Friday, erasing any doubt that the United States is in […]
Manchester United files for IPO in U.S.
NEW YORK — Manchester United plans to go public. In the United States, to boot. The record 19-time English champions filed a registration statement with the Securities and Exchange Commission […]
Manufacturing shrinks for first time in 3 years
WASHINGTON — U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening. Production declined, and the number of new […]
Hospital stocks jump after health care ruling
WASHINGTON — Hospital stocks rose sharply Thursday after the Supreme Court guaranteed them millions more paying customers by upholding the core of President Barack Obama’s health care overhaul. Some insurance […]
Fed extends ‘Twist’ program to drive rates lower
WASHINGTON — The Federal Reserve acted Wednesday to lift an economy that’s being held back by a weakened job market. It’s extending a program designed to spur borrowing and spending […]
Facebook seeks to consolidate post-IPO lawsuits
NEW YORK — Facebook is seeking to consolidate the more than 40 lawsuits it faces following its rocky initial public offering of stock last month. In a filing with a […]
Nasdaq sets aside $40M for Facebook investors
NEW YORK — The Nasdaq stock exchange said Wednesday that it plans to hand out $40 million in cash and credit to reimburse investment firms that got ensnared by technical […]
Wal-Mart’s proxy vote shows dissent against execs
NEW YORK — Wal-Mart’s final shareholder vote for its board of directors showed unprecedented dissent against key executives and board members, including CEO Mike Duke, in the wake of allegations […]
Ciena 2Q loss narrows on higher sales
Communications network equipment maker Ciena Corp. said Thursday that its second-quarter loss narrowed, helped by a 14 percent jump in revenue. Gary Smith, the company’s president and chief executive, said […]
Consumer confidence in the economy plunged in May
NEW YORK — Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a […]
Facebook’s stock falls below $30 for first time
NEW YORK — Facebook’s stock has fallen below $30 for the first time since its much-awaited public debut this month. The stock fell $2.40, or nearly 8 percent, to $29.40 […]
Price of Facebook stock down 16 percent from IPO
Facebook Inc. began trading publicly last Friday following one of the most anticipated stock offerings in history. The initial public offering of stock priced at $38 a day earlier. That […]
