U.S. stocks slid the most in two weeks as a private report showed employers cut more jobs than estimated in December and companies from Alcoa Inc. to Intel Corp. spurred concern the profit outlook is worsening. The Standard & Poor’s 500 Index fell 1.8 percent to 918.33 at 12:20 p.m. in New York. The index…
Federal Reserve policy makers saw “substantial” risks to the slumping economy last month as they cut the benchmark interest rate to a record low and pledged to expand emergency loans if necessary. Central bank officials believed ”the economic outlook would remain weak for a time and the downside risks to economic activity would be substantial,”…
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