CEO Fired
iGate sacks CEO Phaneesh Murthy
Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Full Article
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Wall St pares gains after data
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Traders work on the floor of the New York Stock Exchange in New York, November 30, 2012.
Credit: Reuters/Keith Bedford
NEW YORK |
NEW YORK (Reuters) - U.S. stocks pared gains and the Dow turned negative after data showed the U.S. manufacturing sector contracted in November, dropping to its lowest level since July 2009.
The Dow Jones industrial average dropped 8.59 points, or 0.07 percent, to 13,016.99. The Standard & Poor's 500 Index gained 0.63 points, or 0.04 percent, to 1,416.81. The Nasdaq Composite Index added 5.61 points, or 0.19 percent, to 3,015.85.
(Reporting by Chuck Mikolajczak)
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