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August 19, 2011 01:43 PM

Friday Afternoon Business Brief


After yesterday's big move down, the stock market has been relatively calm today. The Dow is down more than 13 percent since stocks began falling July 21.
  • Unemployment rose in more than half the states in the nation in July for a second straight month. The Labor Department says joblessness fell in only nine states and was unchanged in 13.
  • Hewlett-Packard shares are getting hammered a day after announcing plans to try to transform the company. Those shares were down more than 20 percent, the most among issues in the Standard & Poor's 500 index.
  • Royal Dutch Shell PLC says it has closed a valve from which oil was spilling into the North Sea. The company says about 1,300 barrels of oil has spewed into the sea since a pipeline was found to be leaking Aug. 12.
  • A Texas-based defense and aerospace firm says one of its top officials has had his email account broken into by the hacking group Anonymous. Vanguard Defense Industries' chief executive says says messages were stolen from the private Gmail account of Richard Garcia, a former FBI agent who now works as the company's senior vice president.
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