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Employment Situation: Dow futures fall 250 points after jobs number miss, wages tick up. The U.S. BLS reported today that total nonfarm payroll employment increased by 173,000 in Aug. Employment growth had averaged 247,000 per month over the prior 12 months. Job gains occurred in social assistance, health care and financial activities.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.