Tough week...Data upcoming...CEO cuts his payNEW YORK (AP) — Stocks ended the week with a sharp decline after the government reported that hiring slowed in April for a second straight month. The Dow lost 168 points and the Nasdaq composite had its worst day since Nov. 9. Both the Nasdaq and the Standard & Poor's 500 index closed out their worst weeks of the year. The Dow had its second-worst. WASHINGTON (AP) — On the calendar for the week ahead, the Federal Reserve releases consumer credit on Monday. A look at wholesale inventories is due Wednesday. Later, figures on wholesale inflation and jobless claims are due. NEW YORK (AP) — Sprint Nextel CEO Dan Hesse says he's cutting his 2012 pay by more than $3 million after shareholder complaints about how his 2011 pay was calculated. Hesse's 2011 pay was $11.9 million, including stock and option awards. The company's annual shareholder meeting is May 15. NEW YORK (AP) — The price of oil plunged to its lowest level in nearly six months Friday, falling below $100 per barrel for the first time since February. A drop in gasoline prices should follow. Oil fell $4.05, or 4 percent, to $98.49. OMAHA, Neb. (AP) — Warren Buffett's company says its first-quarter profit more than doubled. Berkshire Hathaway's insurance units avoided major disaster losses and the paper value of its derivative contracts improved. The earnings and revenue fell short of analyst expectations. |
Most PopularWhat's On TonightFull Schedule |
Most Popular