Market Breaking News 04042012

1. Yahoo to Cut 2,000 Jobs, 14% of Work Force, in Cost-Cutting Move.

2. Stocks opened sharply lower Wednesday as disappointment over the Fed's toned down assessment of a need for further stimulus and ongoing worries over the euro zone overshadowed a better-than-expected ADP jobs report.

All 30 Dow components opened in negative territory, led by Alcoa and JPMorgan. 

3 .Stocks added to their sharp losses Wednesday as disappointment over the Fed's latest minutes and ongoing worries over the euro zone overshadowed a better-than-expected ADP jobs report.

BofA led the Dow decliners. 

4. Delta Airlines is considering buying a ConocoPhillips refinery for more than $100 million as a way to lower its jet-fuel costs. The refinery, located outside of Philadelphia, would be purchased by Delta’s subsidiary Monroe Energy.

5 .Ford raised its 2012 forecast for auto sales, citing a solid first quarter. The company now expects the U.S. auto industry to report sales between 14.5 million and 15 million vehicles, up from the prior range of 13.5 million to 14.5 million.

6 .Stocks clawed back from earlier losses Wednesday, but still ended in negative territory for a second day, fueled by disappointment over the Fed's latest minutes and ongoing worries over the euro zone.

The Dow and the S&P logged their biggest decline since March 6, while the Nasdaq posted its worst day of the year.