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‘Overwhelmingly negative’ expectations for U.S. corporate earnings
WASHINGTON — The US corporate earnings season kicked off Monday with analysts expecting lackluster profits that would underscore misgivings about the state of the broader global economy. As Alcoa — the first Dow member out of the gate — posted a loss of $2 million for the second quarter, Wall…
Netflix loses 810,000 U.S. subscribers
NEW YORK — Netflix shares plunged in after-hours trading Monday after the US video service said it lost more US subscribers in the third quarter. Netflix, which has seen a spate of management bungles in recent months, said it had 23.8 million subscribers in the United States at the end…
Apple shares fall slightly after Jobs resignation
NEW YORK — Apple shares fell only slightly on Wall Street on Thursday as investors digested the stunning announcement of the resignation of the company’s co-founder and visionary Steve Jobs. Shares in the Cupertino, California-based gadget-maker shed 0.65 percent to close at $373.72 after having dropped as much as 5.3…
Employers add 151K jobs, most since May
Economy adds 151K jobs, most in 5 months; unemployment rate remains 9.6 percent Employers added the most jobs in five months in October, with the education and health care sectors leading the way. But the unemployment rate, measured by a separate survey of households, remained stuck at 9.6 percent for…
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