A modest gain for stocks keeps a 4-day winning streak alive
By MARLEY JAYAP Markets Writer NEW YORK (AP) - Stocks wobbled to the finish Friday but salvaged a four-day winning streak after the U.S. government said employers added more jobs than expected in February. That was another vote of confidence in the economy. Mining companies made the biggest gains as metals prices climbed. The jobs report showed that construction, retail and health care companies are still hiring more workers. Energy companies also rose with the recovering pric..>> view originalSnapchat gets $175 million, but deal reflects softer financing landscape
Technology start-ups are increasingly settling for conservative funding deals as they attempt to get through a big dip in investor enthusiasm.The latest example came from a big name, Snapchat Inc., which recently received $175 million from the sale of shares to mutual fund giant Fidelity Investments, a development first reported by the Wall Street Journal late Thursday. The shares were sold at the same price as Fidelity paid a year ago when it first invested in Snapchat, the report said, mainta..>> view originalUS payrolls surge, bolster Fed rate hike prospects
WASHINGTON U.S. employment gains surged in February, the clearest sign yet of labor market strength that could further ease fears the economy was heading into recession and allow the Federal Reserve to gradually raise interest rates this year.Nonfarm payrolls increased by 242,000 jobs last month and 30,000 more jobs were added in December and January than previously reported, the Labor Department said on Friday. The unemployment rate held at an eight-year low of 4.9 percent even as more people..>> view originalSports Authority to close 19 stores in California; liquidation sales are underway
Sports Authority will close 19 stores in California as part of its bankruptcy proceedings.The Englewood, Colo.-based sporting goods retailer filed for Chapter 11 bankruptcy protection Wednesday and said it would close or sell about 140 stores, or nearly one-third of its locations, as well as two distribution centers, one each in Denver and Chicago. Sports Authority has 463 stores in 41 states and in Puerto Rico.Store-closing sales began Friday, Sports Authority spokesman Steven Goldberg said in..>> view original
Friday, March 4, 2016
A modest gain for stocks keeps a 4-day winning streak alive and other top stories.
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