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Stocks end lower as energy earnings slump
NEW YORK — Stocks closed modestly lower Friday as oil titans Exxon Mobil and Chevron led a slump in energy stocks. The Dow Jones industrial average lost 56.12 points, or 0.3 percent, to 17,689.86. The Standard & Poor’s 500 index lost 4.71 points, or 0.2 percent, to 2,103.92. The Nasdaq composit...
By Ken Sweet The Associated Press FULL STORY
 
Extended slump in oil taking toll on industry, economy
NEW YORK — As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth. Low oil and gas prices are good for the overall economy because they reduce costs for...
By Jonathan Fahey The Associated Press FULL STORY
Tough week for social media stocks — no one is spared
NEW YORK — It hasn’t been an easy week in social media, despite double-digit revenue growth from Twitter, LinkedIn and Facebook. Investors are looking beyond headline numbers and finding reasons to sell. Not even Facebook, with stronger-than-expected profit and revenue numbers and bulletproof ...
By Barbara Ortutay The Associated Press FULL STORY
 
Yahoo tries to get more fashionable with Polyvore purchase
SAN FRANCISCO — Yahoo is buying style-tip specialist Polyvore in its latest attempt to become a more fashionable place to advertise. Financial terms of the deal announced Friday aren’t being disclosed, signaling the price of the acquisition isn’t considered to be significant. Polyvore is an ...
The Associated Press FULL STORY
Falling oil prices shrinks Chevron’s profit by 90 percent
SAN RAMON — Hurt by falling oil prices, Chevron said Friday that its second-quarter net income plunged 90 percent from the same period a year ago. Shares of Chevron Corp. fell nearly 4 percent in morning trading Friday. Chevron and other energy companies have been hurt by falling oil prices. Se...
The Associated Press FULL STORY
  
 
  


 
 
 
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