Investors seem to be getting comfortable with Apple Inc's stable of executives amid uncertainty about Steve Jobs' return to the helm of the consumer electronics titan he founded.
Student loan company Sallie Mae plans to move its overseas operations back to the United States, creating 2,000 domestic jobs, in what analysts called an attempt to curry favor with the Obama administration.
Oil prices slipped on Friday, hovering above $52 a barrel as a report that unemployment in March soared to a 25-year high weighed on prices.
Oil dipped near $52 on Friday, having surged nearly 9 percent the previous day as a result of the G20 summit, as U.S. data showing the highest unemployment rate since 1983 dampened thoughts of a quick economic upturn.
Oil dipped near $52 on Friday, having surged nearly 9 percent the previous day as a result of the G20 summit, as U.S. data showing the highest unemployment rate since 1983 dampened thoughts of a quick economic upturn.
Stocks faltered on Friday after data showed further deterioration in the labor market as the unemployment rate hit its highest since 1983, underscoring the severity of the recession.
Royal Bank of Scotland will cut more jobs, Chairman Philip Hampton warned on Friday as he called for an end to the public flogging of the state-rescued bank over its past mistakes.
Oil slipped under $52 a barrel on Friday after surging by nearly 9 percent the day before, as global markets viewed the outcome of the G20 summit as paving the way for some risk appetite to return.
The Dow and S&P 500 stock indexes were set to open flat on Friday as data showed the labor market deteriorating further while the unemployment rate hit its highest since 1983, underscoring the severity of the recession.
The U.S. unemployment rate soared to 8.5 percent in March, the highest since 1983, as employers slashed 663,000 jobs and cut workers' hours to the lowest on record, government data showed on Friday.
Stock futures pointed to a higher open on Friday on growing hopes that data pointing to an easing of the deep recession will prove to be lasting, despite what could be another dismal U.S. jobs report.
Royal Bank of Scotland will cut more jobs, Chairman Philip Hampton warned on Friday as he called for an end to public flogging of the state-rescued bank over its past mistakes.
Stock futures pointed to a lower open on Wall Street on Friday, as investors were poised to book a portion of their recent hefty gains ahead of key U.S. monthly jobs data.
World stocks slipped on Friday, handing back some of the gains made after Group of 20 leaders presented a united front to combat the financial crisis as investors grew cautious ahead of a key U.S. jobs report. At their London summit, G20 leaders pledged $1.1 trillion of additional funds to the International Monetary Fund and other institutions and to boost trade finance.
Oil slid to under $52 a barrel on Friday, retreating from the previous session's near 9 percent surge, as expectations of a continued weakness in near-term energy demand prompted investors to take profit.
World leaders drew praise on Friday not so much for the boldness of their $1.1 trillion package to help revive the global economy as for at least not making the crisis worse by failing to agree.
Efforts by G20 leaders convinced investors that policy makers were united enough to keep a risk taking rally alive on Friday, pushing up Asian equities for a fourth day and knocking the yen to a six-month low against the Australian dollar.
Oil slid to under $52 a barrel on Friday, retreating from the previous session's near 9 percent surge, as expectations of a continued weakness in near-term energy demand prompted investors to take profit.
Job losses in the U.S. private sector accelerated in March, more than economists' expectations, according to a report by ADP Employer Services on Wednesday.
Ford Motor Co introduced an incentive covering payments for up to a year if customers lose their jobs, joining rivals in offering heavy discounts to attract consumers sidelined by a deepening recession.
The Walt Disney Co has cut an undisclosed number of workers at its domestic parks this month in a previously announced plan to consolidate behind-the-scenes operations for Walt Disney World in Florida and Disneyland in California, a spokesman said.
Auto interiors and battery maker Johnson Controls Inc said it would close an additional 10 plants and cut more jobs than planned as it expects no near-term recovery in global auto production.
