Google shares tumbled more than 9% Friday when its earnings missed analysts' expectations. Google helped drive down most of Nasdaq.
But on the big board, Citigroup had better than expected earnings news, helping the Dow stay afloat after two big upside days.
The Dow was up 49.91 points to close at 11,496.
The Nasdaq closed down 29.52 points at 2,282.
After a century of business in Louisville, Baer Fabrics is closing its doors this weekend.
Baer Fabrics has been the place to go for people who sew in the Louisville area. The store claimed to have one of the most comprehensive fabrics selections in America.
The Baer Fabrics store on East Market was a landmark shopping destination with three floors of fabrics in 85,000 square feet.
After several calls to the Fox 41 Newsroom from customers seeking information on the store closing, a Baer Fabric employee confirmed it will close its doors for good Saturday at 5:30.
Gas prices have struck in northern Indiana. 1400 workers are getting pink slips from three RV plants.
Monaco Coach is shutting operations. The company has been producing motor homes and trailers for Monaco, Holiday Rambler, Safari, and others.
The perfect storm is being described of rising fuel prices, tight credit, and declining sales.
Craig Wanichek of Monaco Coach Corp. says, "It's very difficult. They responded very professionally, and like you'd expect out of this group, and with dignity, and it was, it's been a tough day."
Employee Donna Sharp says, " It feels like someone ripped something out of my heart. I know it's not their fault, but they could have done something, just shut down for a month or something. Not close it all down."
Shutdown is scheduled for September 17th, and remaining production will move to Oregon where the company is based.
Louisville's hospital business is seeing another expansion. Baptist Hospital East is adding 275,000 square feet with new rooms, surgical space, and lab areas.
Mayor Jerry Abramson said on Friday, "The real reason we're celebrating is that we have a new surgery center overlooking this beautiful park that is literally going to be saving lives."
The ribbon cutting Friday ushered in a $130 million expansion, the hospital's first since 1989.
Sue Stout Tamme, the president of Baptist Hospital East, explains, "We have been hearing from our patients, and our families, our doctors, and our staff for years that we needed more private rooms."
Baptist Hospital East was chartered in 1918 and moved to its St. Matthews location in 1975. Friday's eight-story addition overlooks Brown Park and will admit its first patients August 24th.
Tamme says, "Most of our rooms will be overlooking the park. We have 144 new private rooms, eight new outpatient surgeries, and expansion of our lab services....We have been on diversion many days of every month for the past five or six years due to the unavailability of paitent beds at Baptist East. So we knew we needed to expand. We were completely maxed out, with this expansion we will be increasing our bed capacity to 512 beds."
This new addition brings the employee count to nearly 3600 at Baptist Hospital East, with approximately 125 people added through the expansion.