Wall Street headed for its worst week in over two months on Friday after a dismal jobs report, with a worsening economic outlook threatening further falls from current six-week lows.
Comeback stories will be the unofficial plotline of next week's Electronic Entertainment Expo, the annual event where the videogame industry shows off a dizzying display of new games, consoles and assorted gadgets.
I am 57 years young and really beginning to feel that my age is hindering the success of my job search. I have been out of work for 10 months, and while this seems in line with peers who are also searching for work, I haven't even had an interview in 5 months. I'm wondering if my résumé is to blame. I haven't needed a résumé in more than 20 years and I have to say that I haven't really spent the time I probably should have to update it.
U.S. employment rose far less than expected in May to record its weakest reading since September, while the jobless rate rose to 9.1 percent as high energy prices and the effects of Japan's earthquake bogged down the economy.
A dismal jobs report drove shares lower on Friday on fears of an economic slowdown, but with the market facing five weeks of losses, signs of growth in the U.S. services sector lifted stocks off their lows.
A next tranche of international aid for Greece should be available in early July following further talks in the next few weeks on the government's economic program, the EU, ECB and IMF said on Friday.
Baffled by the language of corporate financial reports? You have company. Sometimes the people who get paid the big bucks to plow through them can't make much sense of them either.
The U.S. economy may be in for a prolonged period of soft growth as employers hired the fewest number of workers in eight months in May and the unemployment rate rose to 9.1 percent.
Goldman Sachs Group Inc disclosed estimates of potential losses from legal issues after pressure from U.S. Securities and Exchange Commission staff, according to documents released on Friday.
The pace of growth in the services sector picked up modestly in May while gauges of new orders and employment climbed, according to an industry report released on Friday.
U.S. stocks dropped on Friday after a dismal report on the labor market appeared to confirm the recent glut of data signaling the economic recovery was waning.
Greece said on Friday that international lenders had concluded an inspection of its bailout program positively, as the country's prime minister outlined plans for deeper austerity measures.
Ratings agency Moody's warned on Thursday it would consider cutting the United States' coveted top-notch credit rating if the White House and Congress do not make progress by mid-July in talks to raise the debt limit.
The prospect of a second bailout for debt-stricken Greece assuaged market fears of default on Friday as the country's prime minister flew to Luxembourg to present plans for deeper austerity measures.
EBay's online payment unit, PayPal, will end its year-old partnership with AliExpress, the wholesale website of Alibaba.com, from early August, PayPal said on Friday.
Stocks dropped more than 1 percent at the open on Friday after a dismal report on the labor market appeared to confirm recent data signaling the economic recovery was weakening.
Stock index futures pointed to a drop of more than 1 percent at the open on Friday after a dismal report on the labor market appeared to confirm recent data signaling the economy recovery was weakening.
Employment rose far less than expected in May to record its weakest reading since September, while the jobless rate rose to 9.1 percent as high energy prices and the effects of Japan's earthquake bogged down the economy.
Stock index futures fell on Friday, with many investors expecting the May payrolls report to show more weakness in the economy, confirming recent data signaling the economic recovery is faltering.
U.S. stock index futures fell on Friday, with many investors expecting the May payrolls report to show more weakness in the economy, confirming recent data signaling the economic recovery is faltering.
Molson Coors Brewing Co and Mexico's Grupo Modelo are exploring a joint bid for Australia's Foster's Group Ltd , a source said, amid talk further suitors may emerge for the maker of VB and Cascade beer.
Molson Coors Brewing Co and Mexico's Grupo Modelo are exploring a joint bid for Australia's Foster's Group Ltd , a source said, amid talk further suitors may emerge for the maker of VB and Cascade beer.
Greece is set to impose a deeper bout of austerity on its struggling economy and promise to speed up a privatization drive in return for a new international bailout to avoid a debt default.
Italian fashion house Prada, which is preparing for an initial public offering of about $2 billion in Hong Kong, said its net profit more than doubled in 2010 and it expects further gains in the current half year.
Stock index futures pointed to falls on Friday, ahead of a key labor market report which is likely to confirm the pace of economic recovery is losing momentum.
The Treasury said on Thursday it reached an agreement to sell its remaining 6 percent equity stake in Chrysler to Italy's Fiat in a deal that will net Washington $560 million.
Senior euro zone officials have agreed in principle on a new three-year adjustment program for Greece to run until mid-2014 and involve increased external funding, a source close to the negotiations said on Thursday.
Stocks steadied, bond yields dipped and the euro rose to a one-month high versus the dollar on Friday as investors braced for a key U.S. jobs report that could feed debate over whether the economy is headed for a protracted slowdown.
U.S. employment probably lost steam in May as high energy prices and the effects of Japan's earthquake bogged down the economy.
China must make mastering cyber-warfare a military priority as the Internet becomes the crucial battleground for opinion and intelligence, two military officers said on Friday, two days after Google revealed hacking attacks that it said came from China.
