Latest Business News: Stocks Drop Back on Mixed US Jobs Figures

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Latest Business News: Stocks Drop Back on Mixed US Jobs Figures

by Wochit 0:57 mins

Latest Business News: Stocks Drop Back on Mixed US Jobs Figures

by Wochit 0:57 mins

A mixed U.S. jobs report took the edge off global stock markets as it raised questions over the pace of growth in the world's largest economy and when the U.S. Federal Reserve will start reducing its monetary stimulus. General Motors Co said it has split the critical China operations from its international unit, which will now be run by the former chief executive of Swedish automaker Volvo. Dell's Special Committee of the Board of Directors has entered into a revised agreement with its founder Michael Dell and his partner Silver Lake Partners. The company said that it has agreed to Dell's recently announced $13.75-per-share offer. The parties have also agreed to a special dividend that will be paid to shareholders at or before closing of 13 cents per share.

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