North Carolina’s unemployment rate dropped almost imperceptibly in August from a month earlier, remaining close to 11 percent as more people became discouraged by the job market and stopped looking for work.

The New York Times Co. issued an unusual correction Friday to fix a mistake that indicated the newspaper publisher’s board of directors didn’t know the company’s rules governing executive compensation.

A host of diversified electric utilities will likely perform in tandem with the broader market as the draw of discounted utilities’ stock prices are offset by a lack of catalysts in the power market, said an analyst as he initiated coverage of seven utilities with an “In-Line” view.

Shares of Canadian Pacific Railway Ltd. fell after a Stifel Nicolaus analyst John Larkin on Friday cut his rating to “Sell,” saying the stock has gotten too expensive to justify a “Hold” rating.

Forty-two states lost jobs last month, up from 29 in July, with the biggest net payroll cuts coming in Texas, Michigan, Georgia and Ohio.

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

Country ETFs were mixed today with the Xinhua China 25 ETF, FXI pulling back opposite the Market Vectors Russia ETF, RSX which was up more than 1%.

Shares of Canadian Pacific Railway Ltd. fell Friday after a Stifel Nicolaus analyst John Larkin on Friday cut his rating to “Sell,” saying the stock has gotten too expensive to justify a “Hold” rating.

A host of diversified electric utilities will likely perform in tandem with the broader market as the draw of discounted utilities’ stock prices are offset by a lack of catalysts in the power market, said an analyst Friday as he initiated coverage of seven utilities with an “In-Line” view.

Biotechnology company Via Pharmaceuticals Inc. said Friday it received a deficiency letter from the Nasdaq Stock Market.