An early rally on Wall Street quickly evaporated Wednesday, as the combination of rising oil prices and higher interest rates took a toll on stocks for a second straight session.
Zynga Inc. founder Mark Pincus is cutting 18 percent of the casual-games company's work force, less than a month after retaking the reins as chief executive officer.
�If we get disrupted, it's going to be because of something that happened outside, in particular in Europe,� El-Erian told Fox Business Network's Maria Bartiromo during a Q&A at SALT conference in Las Vegas.
Private employers in the United States added in April the smallest monthly number of workers in more than a year. And, in another report, the Labor Department found that nonfarm productivity fell in the first quarter as harsh winter weather depressed output.
Ron Johnson, former CEO of JCPenney and Apple's original retail chief, unveiled his new e-commerce service this week. Image: Enjoy.