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Need-to-Know News: Sony, Eli Lilly, Google+, and First-Quarter Earnings Jitters

Lions Gate's 'The Hunger Games' continues to clean up at the box office

by 4/9/2012 9:07 AM
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It's Monday, April 9, and we're back from a long holiday weekend. It's shaping up to be a particularly tough session on Wall Street, as the U.S. added just 120,000 jobs last month -- way short of the consensus forecast for a gain of 203,000. Thanks to this tepid growth, traders seem none too impressed by the unemployment rate's fresh three-year low of 8.2%. As we brace for a steep Dow drop right out of the gate, here are some headlines worth checking out this morning:

  • Sources suggest that Sony Corp. (SNE) is looking to trim roughly 6% of its global workforce as part of a broader restructuring plan. (MarketWatch)
  • The FDA gave a thumbs-up to Eli Lilly's (LLY) radioactive dye, Amyvid, which is used as a diagnostic tool to test for Alzheimer's. (CNBC)
  • Not even the typically sluggish Easter weekend could slow the juggernaut that is Lions Gate's (LGF) Hunger Games, which has now racked up north of $300 million at the box office. (USA Today)
  • Expectations appear to be pegged fairly low for first-quarter earnings, with corporate America's nine-quarter winning streak rumored to be in jeopardy. (CNNMoney)
  • Despite a 27% increase in visits from February to March, it's still pretty difficult to figure out just how much people actually care about Google+. (PCMag)
  • China's official news agency reports that a teenager in Chenzhou may have actually sold one of his kidneys to buy an iPad and iPhone. (LA Times)

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