By surrounding himself with yes-men and killing off anything that doesn't make money, the CEO could be setting himself up for a fall.
The selling offsets decent earnings from Cisco Systems and Home Depot. Techs fall, led by Microsoft and Intel. Michael Kors rises. Gold and oil slip. The major averages have fallen more than 6.6% since mid-September.
The Dow ends up 2 points after briefly falling as many as 108 points. Caterpillar sees the world economy slowing faster than expected. Apple leads tech stocks higher. Freeport-McMoRan Copper & Gold misses Street estimates.
Ads on Google's homepage never would have happened under Mayer's watch.
Demanding investors can do more harm than good to the visionary companies they support.
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While the blue chips come back from a 198-point loss, traders fear more declines ahead. Disney results cheer Street. Fossil tumbles after warning European sales are softening. McDonald's April sales disappoint. Oil briefly drops below $96.
The sell-off comes as the government says the economy added 115,000 jobs in April, less than expected. The S&P 500 and Nasdaq suffer their worst weekly losses for 2012. Crude oil briefly falls below $98. Apple drops $16.
IBM earnings are a touch less than expected. Intel's report prompts profit-taking. The major averages enjoy their best day in a month. Apple moves above $600. The IMF sees fragile growth in 2012. Warren Buffett has prostate cancer.
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