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Friday Evening Business Brief

April 11, 2014, 8:12 PM

Friday Evening Business Brief

NEW YORK (AP) - Technology stocks are down for a second day in a row as investors continue to flee highflying Internet and biotech companies. The Nasdaq composite closed out its third straight losing week. Today it lost 54 points, or 1.3 percent, to end at 3,999. The S&P 500 fell 17 points, or 1 percent, to 1,815. The Dow Jones industrial average fell 143 points, or 0.9 percent, to 16,026.

  • Finance officials of the world's major economies are expressing confidence that they can meet an ambitious goal of boosting global growth by $2 trillion over the next five years. Finance ministers and central bank presidents of the Group of 20 nations issued a joint statement today. The G-20 is meeting in Washington.
     
  • A government researcher tracking the long-term health effects of the 2010 BP oil spill says there are early indications that cleanup workers were 30 percent more likely to suffer from depression than others living in areas affected by the spill. But Dr. Dale Sandler of the National Institutes of Environmental Health Sciences says it's too early to know whether exposure to oil or dispersants would account for higher levels of depression.
     
  • Herbalife is denying a report that it's facing a criminal probe. The nutritional supplement company's stock plunged today after a Financial Times report, citing unnamed sources, said the Department of Justice and the FBI are investigating the firm. Herbalife says it has no knowledge of any such ongoing investigation and says it has not received any request for information from either agency.
     
  • Salesforce.com will become the anchor tenant in an office tower under construction in San Francisco that's expected to be the tallest building on the West Coast. The business software maker will occupy 714,000 square feet in the 61-story skyscraper which will sit atop a new transit hub. It will be renamed the Salesforce Tower and is set for completion in 2017.

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