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Tech Stocks Hammered as Markets Tumble

(NEW YORK)— U.S. stocks closed sharply lower after a weak jobs report cast doubt on the strength of the U.S. economy.

Technology stocks were especially hard hit, leading a broad decline Friday that included all sectors except utilities.

Other big losers were energy and consumer discretionary stocks, down because oil prices fell and further concern that the risk of the U.S. economy slipping into recession, while low, is growing.

The Dow Jones industrial average fell 211 points, or 1.3 percent, to close at 16,204.

The Standard & Poor’s 500 index fell 35 points, or 1.9 percent, to close at 1,880. …

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BlackBerry Cuts a Third of Its Workforce, Report Says

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Apple Will Now Let You Trade In Your Broken iPhone

(NEW YORK) — Apple for the first time is accepting banged up iPhones as a trade-in from those wanting to upgrade.

Until now, Apple offered credit to iPhone owners only if the device had an intact screen and working buttons. Apple hopes that with more leeway, applicable only to iPhone 5 and later models, more people will upgrade to new iPhones.

Apple has told investors that it may book its first revenue decline in 13 years when it reports quarterly earnings in April due in part to weakness in the global economy. But the smartphone market has matured as well …

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How Yahoo’s Marissa Mayer Is Trying to Convince Employees to Stay

Yahoo has been in a rough patch for a few years already. And that’s made it a challenge to hold on to talented workers.

To be blunt, the brain drain at Yahoo has been near-catastrophic. Last month, the New York Times reported that more than one third of the workforce at the company had left within the past year.

CEO Marissa Mayer has a new plan to try to keep her lieutenants, though—allowing employees to cash out of their stock options after one month on the job rather than having to wait an entire year.

The change, recently reported by …

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Why LinkedIn’s Stock Is Down 40% Today

Investors aren’t endorsing LinkedIn’s stock Friday morning.

After the professional social networking company revealed weaker than expected guidance Thursday afternoon, Wall Street sent the stock tumbling. Shares had dropped as much as 40% in morning trading.

That’s despite the fact that LinkedIn posted what Morningstar analyst Neil Macker called, “a strong end to 2015 driven by strong performance across all three segments.” The company surpassed investor expectations of revenue and profit for 2015, posting adjusted earnings of 94 cents per share vs. the analyst consensus of 78 cents.

But investors are far more concerned about what LinkedIn will do …

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