Stock fears

US stocks retreated as banks fell and investors speculated that today’s jobs report will show the economy continues to struggle. The S&P 500 declined 1.2 percent to 1,204.42. while the Dow Jones industrial average lost 1 percent to 11,493.57. The Nasdaq was down 1.30 percent to 2,546.04.

Court time

Bank of New York Mellon asked a federal judge to return Bank of America’s proposed $8.5 billion mortgage-bond settlement to the New York state court where it had been submitted for approval.

Tax matters

H&R Block, the biggest US tax preparer, reported its fiscal first-quarter loss widened 36 percent as the company recorded charges related to the sale of its consulting unit.

SAP wins

SAP won its bid to overturn a jury’s $1.3 billion award to Oracle Corp. in a copyright-infringement lawsuit.

Correction

A photo that accompanied a story yesterday about New York hedge-fund manager David Simon was in error. The photo showed David Simon, the chairman and CEO of Simon Property Group.