Job losses
New York and New Jersey lost 41,600 jobs in November as Superstorm Sandy wiped out employment in restaurants, offices, dry cleaners, nail salons, construction sites and other businesses.
Wells snafu
Wells Fargo customers yesterday had trouble gaining access to the bank’s website for a fourth day, as a federal regulator reiterated the need for banks to have systems in place to ward off cyberattacks.
Walgreen
Walgreen, the largest US drugstore chain, said fiscal first-quarter profit dropped 25 percent, hurt by the loss of Express Scripts Holding Co. customers.
RIM’s fee fuss
Waterloo, Ont.-based Research In Motion’s decision to scrap service fees for some users is threatening its most profitable source of revenue, ending the BlackBerry maker’s recent stock rally. It closed yesterday at $10.91.
Outta here
Titan Advisors recently told clients that it had decided to withdraw its entire investment from Steven A. cohen’s SAC Capital Advisors, wsj.com reported.