Wall Street skids to fifth week of losses, hope endures
NEW YORK (Reuters) - Wall Street closed out a fifth week of losses with more selling on Friday after an anemic jobs report strengthened the case that the economy was slowing, though analysts said indexes may stabilize in the near-term. | Video
Recent Business News
Boeing to cut 510 jobs as Shuttle program winds down
(Reuters) - Boeing Co will lay off about 510 employees in its Space Exploration division as the United States' space shuttle program draws to a close.
Competition and humor drive Groupon's Andrew Mason
PALOS VERDES, Calif (Reuters) - Groupon CEO Andrew Mason once thought of the hundreds of companies copying his business plan as plagiarists.
Bill Ford says CEO successor likely from within
MACKINAC ISLAND, Michigan (Reuters) - Ford Motor Co Executive Chairman Bill Ford said on Friday it is likely that the company will look inside its own ranks for the successor to Chief Executive Alan Mulally, whenever Mulally decides to leave.
Wal-Mart sets new $15 billion buyback of lagging stock
FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Inc announced a $15 billion share repurchase and emphasized a recent dividend rise to hearten shareholders who have seen the stock lag as its U.S. sales remain in a prolonged slump.
Sino-Forest clobbered by short-seller's report
TORONTO/NEW YORK (Reuters) - A damning short-seller's report accusing Sino-Forest Corp of theft and fraud put the skids under the Canadian-listed company on Friday, even as it denied there was a problem.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 12,151.26 |  -97.29 |
-0.79% |
| S&P 500 | 1,300.16 | -12.78 |
-0.97% |
| NASDAQ | 2,732.78 | -40.53 |
-1.46% |
| TR US Index | 118.96 | -1.23 |
-1.02% |
Sector Summary
| Energy |  +0.08% |
| Basic Materials | -0.67% |
| Industrials | -0.60% |
| Cyclical Goods & Services | -0.60% |
| Non-Cyclical Goods & Services | -0.50% |
| Financials | -0.11% |
| Healthcare | -0.54% |
| Technology | -1.11% |
| Telecoms | -0.21% |
| Utilities | -0.51% |
Prisons and the social fabric
Although we like to think of ourselves as the “land of freedom” we are actually the land of incarnation. If you study the map above you see we lead the world in the number of prisoners as a percentage of population. We jail more criminals than allegedly less developed China, Russia and Mexico. We are spending so much of our scarce resources on imprisonment. What has gone wrong? Is our social fabric so frayed that criminality is increasing? Have corporate interests driven an incarceration agenda? Does America have a prison–industrial complex?
Chrysler IPO not likely until 2012: Marchionne
TOLEDO, Ohio (Reuters) - A public share offering for Chrysler Group LLC is more likely to occur in 2012 than this year because the automaker needs a longer track record of performance, the company's chief executive said on Friday.
Sony Pictures confirms hacking of its websites
June 3 (Reuters) - Sony Pictures Entertainment confirmed late Friday evening that some of its websites were breached and it was working with the U.S. Federal Bureau of Investigation to identify the attackers.
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