Daily Updates
Stocks fall as June job losses exceed estimates
By STEPHEN BERNARD and IEVA M. AUGSTUMS
AP Business Writers
NEW YORK (AP) — A dour report on job losses is sending stocks sharply lower.
Major stock indexes are down more than 2 percent Thursday after the U.S. unemployment rate hit a 26-year high. European markets were also down following similarly disappointing data.
Recession-weary employers in the U.S. slashed 467,000 jobs in June, the Labor Department reported. It is sending a grim signal that the path to recovery will be bumpy.
The closely watched report is disappointing investors who had become encouraged by positive signs on the economy.
The Dow Jones industrial average fell 177.01, or 2.1 percent, to 8,326.99. The Standard & Poor’s 500 index declined 21.08, or 2.3 percent, to 902.25. The Nasdaq composite index fell 44.74, or 2.4 percent, to 1,800.98.
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Fargo residents learn from mistakes in flood fight
Before this flood season, officials in Fargo asked homeowners to clear paths in their yards so that firm and straight walls of sandbags could be placed to protect their homes. One resident cut down his tree. Another went so far to use a torch to melt the ice off his ground.
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Medical marijuana a frequent target for criminals
Patients, growers and clinics in some of the 14 states that allow medical marijuana are falling victim to robberies, home invasions, shootings and even murders at the hands of pot thieves.
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Pa. suspect is rare US woman facing terror trial
If the woman dubbed “Jihad Jane” goes on trial, she would become just the second American woman tried on U.S. soil on terrorism charges — and the first accused of directly working toward a Muslim holy war.
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Md. lawmakers not feeling so Southern anymore
Maryland’s official song may include a line about “Northern scum” left over from the Civil War era, but the state isn’t feeling so Southern anymore.
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SC gov agrees to pay ethics fine, gets divorced
South Carolina Gov. Mark Sanford has closed two chapters of his life, agreeing to pay $74,000 in fines to resolve ethics charges brought against him after last summer’s revelation of an extramarital affair, and receiving word that a judge had formally ended his 20-year marriage to his wife, Jenny.
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Doctor says heart groups too cozy with industry
A prominent cardiologist accused leading heart organizations of being too cozy with industry and allowing those ties to influence its policies and education programs for doctors.
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Woman hit with rock in car dies
Authorities say a South Carolina woman initially left in critical condition after she was struck by a rock that flew through her windshield when a pickup truck hit a pothole along Interstate 20 near the Alabama-Georgia line Monday has died.
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PepsiCo cuts sugary drinks from schools worldwide
PepsiCo plans to remove sugary drinks from schools worldwide, following the success of programs in the U.S. aimed at cutting down on childhood obesity.
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Woods will return to golf at Masters on April 8
For Tiger Woods, this figures to be a Masters like no other.
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Ivy League’s Cornell responds to 3 gorge deaths
Cornell University, an Ivy League school known for its spectacular gorges and haunted by a reputation for suicides, took the extraordinary step of posting lookouts on bridges and going door-to-door to check on students after three undergrads plunged to their deaths in the past month.
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Fargo residents learn from mistakes in flood fight
