Stocks halve losses, Dow briefly off less than 100; biotech attempts rally
U.S. stocks traded lower Friday as Wall Street digested a weaker-than-expected jobs report.
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U.S. job growth stumbles, raising doubts on economy
U.S. employers slammed the brakes on hiring over the last two months and wages fell in September, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of this year. Payrolls outside of farming rose by 142,000 last month and August figures were revised sharply lower to show only 136,000 jobs added that month, the Labor Department said on Friday. “You
Billion-dollar startups offering million-dollar paydays
After VCs fueled a boom in startups worth more than $1 billion, software developers are setting a target of their own to go work for the so-called unicorns.
Wal-Mart lays off 500 workers at headquarters
Wal-Mart has laid off 450 workers at its headquarters as the world’s largest retailer attempts to become more nimble to compete with the likes of Amazon.com. There are about 18,000 people who work at the …
Orders to US factories down 1.7 percent in August
Orders to U.S. factories fell in August by the largest amount in eight months, led by a drop in demand for commercial airplanes and weakness in a key category that tracks business investment spending. …
US regulator missed its best chance to catch VW cheating
More than a decade ago, the U.S. Environmental Protection Agency helped develop a technology that ultimately was used by an independent laboratory to catch Volkswagen’s elaborate cheating on car emissions …
Millions of T-Mobile customers exposed in Experian breach
Experian Plc, the world’s biggest consumer credit monitoring firm, on Thursday disclosed a massive data breach that exposed sensitive personal data of some 15 million people who applied for service with T-Mobile US Inc. Connecticut’s attorney general said he will launch an investigation into the breach. Experian said it discovered the theft of the T-Mobile customer data from one of its servers on Sept. 15.
EPA extends diesel emissions probe to other brands in US
More than two dozen diesel car models made by BMW, Chrysler, General Motors, Land Rover and Mercedes-Benz are under scrutiny as the US regulator that exposed Volkswagen’s rigging of emissions tests probes …
Albertsons Plans to Raise $1.5 Billion in Grocery Chain's IPO
Albertsons Cos., the U.S. supermarket chain with more than 2,000 stores backed by Cerberus Capital Management, said it plans to raise about $1.53 billion in an initial public offering. The sales will consist …
Bernanke, in new memoir, recalls Lehman's 'surreal' failure
Ben Bernanke recalls the September weekend in 2008 when regulators sought desperately but in vain to save the investment bank Lehman Brothers as a “terrible, surreal moment.” “We were staring …