Global stocks fell Friday after the U.S. jobs report showed hiring fell in April to its slowest pace in seven months - a sign of weaker growth that could delay the Federal Reserve's next interest rate hike.
After wandering higher for the past two weeks, mortgage rates reversed course, pulling back to near yearly lows. The retreat began last week after the Federal Reserve met and expressed concerns about the economy.
... * April U.S. non-farm payrolls rose less than expected. * Gold regains bulk of weekly losses after the data. * Dollar, stocks slide on concerns over growth (Releads, updates prices, adds comment).
Intesa Sanpaolo SpA, Italy's second-largest bank, said first-quarter profit dropped 24 percent as record-low interest rates and volatile markets hurt revenue.
Commonwealth Edison and Exelon on Thursday announced their support for new sweeping energy legislation in Illinois that addresses issues ranging from Exelon's nuclear power plants, solar power growth, residential rate reform, microgrids, energy ...