IBT Staff Reporter

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U.S. Stocks Mixed on Payroll Data

U.S. stocks were mixed on Friday on news of the biggest drop in nonfarm payrolls in nearly five years while semiconductor and financial shares gained. Chip maker Intel Corp rose 1.9 percent to $20.25 after falling earlier in the week after it cut its quarterly gross margin forecast, helping to boost the tech-heavy Nasdaq index. Both the Dow Jones and Standard &Poor's Index were in the red in morning trading.

Apple Gains on PC Rivals in 2007

Apple posted the highest growth rates in terms of shipments, among the top 6 computer vendors according to research released this week.

Swayze career continues, Whoopi sends support

Whoopi Goldberg expressed concern and support for her friend Patrick Swayze after hearing of his diagnosis of pancreatic cancer, while his publicist said his career is not slowing down.

Treasuries Up on Housing, Credit Woes

Treasuries rose on Thursday as concerns over the credit and housing markets sent investors to the protection of safe-haven investments, including government bonds.

FX Summary - Mar 6

The dollar found no reprieve in the Thursday session ahead of tomorrow’s closely watched February labor report – stumbling to fresh all-time lows against the euro just shy of the 1.54-mark and a 3-year low versus the yen at 102.56.

Dollar Slips to Fresh Low Against Euro

The dollar fell to a fresh low versus the euro on Thursday after the European Central Bank and Bank of England decided to key their benchmark interest steady.

U.S. Stocks Decline on Credit Woes

U.S. stocks dropped to a six-week low Thursday on renewed concern about the credit markets after U.S. home foreclosures rose to a record, increasing market worries about the sagging economy.

Gold inches away from $1,000 an ounce on weak dollar

Gold futures closed with strong gains, after briefly soaring to a new record just below $1,000 an ounce after the dollar tumbled lower and crude oil continued to rally, boosting the metal's appeal as hedge against inflation.

Actor Patrick Swayze Battles Cancer

Dirty Dancing star Patrick Swayze has been diagnosed with pancreatic cancer and is undergoing treatment, but contrary to published reports, his publicist and doctor said Wednesday he is not expected to die from the disease within weeks.

iPhone Goes Enterprise, New Markets

Apple is planning to hold a press event at its headquarters on Thursday and comments made as recently as Wednesday suggest the company will make its iPhone more popular with enterprise users.

Ambac Shares Dive on Capital Raising Plan

Shares of struggling bond insurer Ambac Financial Group, Inc fell after it announced a plan to raise $1.5 billion in capital to protect its valuable top-level credit rating following heavy losses linked to the subprime mortgage loans.

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