NEW YORK (Reuters) - Stocks plunged on Friday after a troublingly weak jobs report added to fears about a global economic slowdown and sent the Dow into negative territory for the year. The report was the latest in a string of bearish data, and came alongside signs of slowing in China's economy. The benchmark S&P, hovering around its 200-day moving average, posted its biggest daily decline since December and was on track for its fourth weekly loss of the last five. ...

WASHINGTON (Reuters) - Job growth braked sharply in May and the unemployment rate rose for the first time in 11 months, putting pressure on the Federal Reserve to ease monetary policy further to shore up the sputtering recovery. Employers added a paltry 69,000 jobs to their payrolls last month, the least since May of last year, the Labor Department said on Friday. In addition, 49,000 fewer jobs were created in the prior two months than had been thought and the jobless rate rose to 8.2 percent from 8.1 percent in April. ...

FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Inc shareholders voted to re-elect all 15 directors and add Google Inc's Marissa Mayer to the board on Friday despite concerns from some investors that certain members may have helped squelch a bribery probe in the mid-2000s. Some large pension funds and activist groups said they had voted their shares against board members including Chairman Rob Walton, Chief Executive Officer Mike Duke and former CEO Lee Scott due to their alleged connection to a bribery scheme. Three shareholder proposals were defeated. ...

DETROIT (Reuters) - New auto sales came in weaker than expected in May, driven by disappointing results from General Motors Co , Toyota Motor Corp and Chrysler Group that showed industry demand slowed from the first four months. The sales results, when combined with Friday's anemic jobs report, suggested the industry could face hurdles in its recovery from a recession four years ago that dragged GM and Chrysler into bankruptcy. "Obviously, the economy's probably slowing a touch," said Gary Bradshaw, a portfolio manager with Hodges Capital Management, which owns Ford shares. ...

NEW YORK (Reuters) - Facebook Inc's 26 percent slide from its initial offering price may have investors who got in on the ground floor feeling resentful, but some fund managers are eager to see shares dip even further. Technology glitches and a communications breakdown marred Facebook's $16 billion IPO on May 18, leading many observers to believe the initial stock was overvalued, contributing to its free-fall over the past two weeks. Still, the company isn't value-free and at some price, shares represent an opportunity, portfolio managers say. ...

(Reuters) - Chesapeake Energy Corp said it has found "significant" oil and natural gas reserves in parts of the Anadarko Basin in the Texas Panhandle and western Oklahoma. The Oklahoma City, Oklahoma, company said an exploratory well in the Hogshooter find of the Texas Panhandle and western Oklahoma produced 7,350 barrels of oil equivalent per day during the first eight days of stabilized production. Other wells drilled in the area also had good results, Chesapeake said. ...

WASHINGTON/LONDON (Reuters) - The world's economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing falling deeper into malaise. In a shock that sent global markets into a dive, the U.S. economy added just 69,000 new jobs in May, less than half what analysts expected. Readings for the prior two months were also revised down, while the unemployment rate rose for the first time in almost a year, to 8.2 percent. The Labor Department report dealt a blow to confidence in the U.S. ...