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Treasury yields plummeted Friday to their lowest level since late April, after the Labor Department said that the U.S. economy created 142,000 new jobs in September, well below economists’ forecasts. The yield on the 10-year benchmark Treasury note fell 10.3 basis points to 1.937%, and the 30-year bond yield lost 7.3 basis points to 2.780%, according to Tradeweb. Among shorter maturities, the yield on the two-year Treasury note declined by 9.1 basis points to 0.558%.

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From:: Stock Market News

The dollar fell against its rivals Friday after official U.S. data showed the number of nonfarm jobs created in September was much lower than economists had forecast. The U.S. gained 142,000 new jobs in September, according to the Labor Department. The number of new hires in July and August was also revised lower. The euro strengthened to $1.1268 in recent trade, up from $1.1200 shortly before the data. The dollar dropped to 119.39 yen from 120.20 yen beforehand. The British pound rose to $1.5194 from $1.5160 beforehand. Economists polled by MarketWatch had expected 200,000 new jobs.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

WASHINGTON (MarketWatch) – The average hourly wage paid to American workers was basically unchanged in September, confounding once again expectations that pay will rise because of the rapid decline in the unemployment rate over the past few years. The typical worker earned $25.09 an hour last month, down a penny from August. From September 2014 to September 2015, hourly wages rose 2.2%. Annualized increases in pay have stuck to a tight range of 1.9% to 2.2% since 2012, well below the normal pace at this stage of an economic cycle. The amount of time people worked each week fell a tick to 34.5 hours in September. The labor-force participation rate slid to 62.4% from 62.6%, as 350,000 people dropped out of the labor force. That’s the lowest level since October 1977.

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From:: Stock Market News

NovoCure Ltd. has priced its initial public offering at $22 a share, below a revised price range of $23 to $24, to raise $165 million. The oncology-focused biotech had initially set a price range of $26 to $29. The company sold 7.5 million shares and will net about $150.5 million, after deducting expenses. Proceeds will be used for working capital and general corporate purposes, the company said in a statement. J.P. Morgan, Deutsche Bank and Evercore Group were joint bookrunners on the deal, with Wells Fargo acting as lead manager, and JMP Securities and Wedbush acting as co-managers. The stock will begin trading on Nasdaq later Friday under the ticker symbol “NVCR.”

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From:: Stock Market News

By Brian Bandell

The Park Avenue Plaza retail/office building in western Pembroke Pines has been hit with a foreclosure lawsuit by a distressed note investor.

SamJaz International Plaza, managed by Sam Jazayri in Pembroke Park, filed a $7.16 million foreclosure lawsuit on Sept. 15 against International Plaza Holdings, along with managing members Edwin Ortiz and Maria D. Arroyo-Pantoja. It targets the 57,530-square-foot building at 19620 Pines Blvd.

The two-story building was built on the 4.7-acre site in 2003.… …read more

From:: biz journal foreclosures

Hurricane Joaquin was still a Category 4 storm early Friday, with maximum sustained winds of 130 miles per hour, according to the National Hurricane Center. The storm was still battering the Bahamas, but the latest forecast models suggest a track offshore of the U.S. East Coast from the Carolinas to the mid-Atlantic region, with the threat of a direct impact in those areas decreasing, said the NHC. “However, there is still uncertainty in how close Joaquin could come to Bermuda, extreme southeastern New England/Cape Cod, and Nova Scotia during the next several days, and interests in those areas should continue to monitor the progress of the hurricane,” the NHC said in its latest advisory.

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From:: Stock Market News

J.C. Penney Co. Inc. on Friday unveiled a plan to reduce its pension obligations by $5 billion, or 25% to 35%. The company said it has already completed a lump-sum offer to participants in the pension plan and entered an agreement with The Prudential Insurance Company of America to purchase a group annuity contract that will settle a portion of its remaining retiree pension obligations. Once the deals are closed, the company expects the plan to remain over-funded and does not expect to make cash contributions for the foreseeable future. About 12,000 retirees elected to accept lump-sum payments, while 1,900 former employees with deferred vested benefits agreed to take voluntary lump-sum payments. Shares were not yet active in premarket trade, but have gained 43% in the year so far, while the S&P 500 has lost 6.6%.

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From:: Stock Market News

The Volkswagen AG emission-test scandal deepened on Friday, with the Paris prosecutor opening an inquiry into suspected “aggravated deception” by the car maker, according to media reports. The prosecutor said it will be in contact with other national authorities about Volkswagen’s alleged use of software on some diesel cars to cheat emission tests. The French move comes as the U.S. Environmental Protection Agency broadened its diesel-emissions probe into car models made by BMW AG , Chrysler , General Motors Co. , Land Rover and Mercedes-Benz, the Financial Times reported. The scandal at Volkswagen has led to the resignation of chief executive Martin Winterkorn and triggered sales bans in several countries.

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From:: Stock Market News

You did everything from ridding your house of bee colonies, rats, and scorpions to building a log cabin (inside the garage!). …read more

From:: DIY this old house

Microsoft Corp. and Asustek Computer Inc. said late Thursday they expanded a patent licensing agreement that would allow for the Redmond, Wash.-based company’s software to be pre-installed on Asus devices running on Google Inc.’s Android operating system. On Wednesday, Microsoft and Google dismissed about 20 patent-related lawsuits between the companies. Microsoft shares advanced 0.3% to $44.75 in the after-hours session.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News