Business – 8 December 2012

Despite drop in jobless rate, concerns remain

Written by Megan Woolhouse, Published on The Boston Globe

US employers added more jobs than expected last month, but the rate of job growth remains so slow that it would take another decade at the current pace to return unemployment to its prerecession level, economists said.

Michigan Consumer Sentiment Declines More Than Forecast

Written by Lorraine Woellert, Published on Bloomberg

Confidence among consumers fell more than forecast in December, reaching a four-month low as Americans grew concerned about the possibility of higher taxes next year.

Dow, S&P rise on jobs, but Apple bites Nasdaq again

Written by Ryan Vlastelica, Published on Reuters

The Dow and the S&P 500 advanced modestly on Friday, though another sell-off in Apple depressed technology shares and kept the Nasdaq negative, overshadowing a sharply better-than-expected jobs report.

Netflix president faces US fine over Facebook boast

Written by Colm Kelpie, Published on Independent

THE head of Netflix faces being fined by the US government after he boasted on Facebook about the number of people using the on-demand streaming website.

Goldman to Pay $1.5 Million for Failing to Supervise Trader

Written by BEN PROTESS and SUSANNE CRAIG, Published on NY Times

Goldman Sachs has agreed to pay $1.5 million to settle federal accusations that it failed to supervise a trader who fabricated “huge” positions at the bank, a modest deal that divided the government regulators who brought the case.

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