Disappointing Employment Numbers Send Down Major Indices (MSFT, SNE)

Stocks fell sharply today, as an employment report on March disappointed investors. Only 120,000 jobs were created in March, nearly half the monthly job creation of the two prior months. In corporate news, Microsoft (MSFT) will be buying 800 AOL (AOL) patents for over $1 billion. Another ailing company, Sony (SNE), will reportedly be laying off 10,000 employees in order to cut costs.

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Published on Apr 9, 2012
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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