The Clinton Herald, Clinton, Iowa

Business & Technology

October 4, 2013

Stocks fall on third day of shutdown

NEW YORK (AP) — Investors sold stocks across the board Thursday as a U.S. government shutdown dragged into a third day and the U.S. inched toward a deadline on raising the nation’s borrowing limit.

The Dow Jones industrial average fell close to 200 points by late morning as Republicans and Democrats appeared no closer to ending the budget impasse.

The Institute of Supply Management said that sales fell sharply, new orders dipped and hiring weakened at U.S. service companies.

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Business & Technology
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  • Why Facebook is getting into the banking game

    Who would want to use Facebook as a bank? That's the question that immediately arises from news that the social network intends to get into the electronic money business.

    April 14, 2014

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