Stocks fell sharply again on Wall Street Friday, dragging the Dow Jones Industrial Average down nearly 400 points to close just above 8,000.
Executives at Dow Jones & Co., the publisher of The Wall St. Journal, announced Thursday that slumping advertising revenues have prompted another round of layoffs.
The New York Times yesterday announced a second round of layoffs this year at its Internet division. Nearly 14 percent of employees will be let go.
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