Thursday, May 10, 2012

U.S. stocks retreat; S&P has worst week of year

MARKETWATCH FRONT PAGE

U.S. stocks fall sharply, sending the S&P 500 and Nasdaq Composite to their worst week of the year, after April job gains come in below forecasts and investors fret about weekend elections in Europe. See full story.

Buffett, Berkshire face test of investor patience

Berkshire Hathaway shareholders are looking for reassurances that Warren Buffett is still on top of his game and that the holding company remains relevant in a digital age. See full story.

Activist tells Yahoo to fire CEO Thompson

Daniel Loeb of Third Point calls on Yahoo Inc�s board to fire CEO Scott Thompson in the wake of revelations that he misstated his academic credentials. See full story.

Zillow looks healthier than Yelp

With first-quarter earnings season nearing its end, we�re finally getting to see which of the newly public Internet companies can turn a profit, and which are still trying to figure out how, according to John Shinal. See full story.

LinkedIn leaps on results, Facebook halo

Shares of LinkedIn rise after the company beats Wall Street�s expectations, sparking more optimism about the professional social-networking site�s growth prospects. See full story.

MARKETWATCH COMMENTARY

Instead of acknowledging that banks have become a part of government, we keep pretending they are private institutions, writes David Weidner. See full story.

MARKETWATCH PERSONAL FINANCE

Home prices in a majority of the markets covered in Zillow�s Home Value Forecast are set to bottom this year � if they haven�t already, according to a Zillow report released on Wednesday. See full story.

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