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Yahoo Plans Revamp Amid Staff Losses
As Yahoo Inc. (NASDAQ:YHOO)attempts to move beyond its takeover battle with Microsoft Corp., the Internet company is planning a reorganization that is sending ripples through its executive ranks.
Facebook’s Cohler to Leave, Adding to Departures
A top Facebook Inc. executive, Matt Cohler, is leaving the company, the latest departure at the Web start-up as it works to translate its popularity into profit.
Brazil’s IPO Rush Hits Rough Patch
SÃO PAULO, Brazil — Brazil’s stock market is one of the best performing in the world; its main index is up 22% over the past 12 months. But for investors who took part in an unprecedented rush of IPOs last year — when 64 companies went public, more than on London’s busy stock exchange — the returns have been decidedly more mixed.
Hog Farmers Face a Perfect Storm
Shaun Greiner, a 39-year-old hog farmer in southeast Iowa, says he has been losing money selling his pigs since November. With the price of corn shooting even higher amid damage from Midwest flooding, he is considering calling it quits.
Live Nation Battle Is Likely to Result In Chairman’s Exit
An internal feud over strategy could soon be resolved at Live Nation Inc. (NYSE:LYV) The world’s largest concert promoter is negotiating the exit of Chairman Michael Cohl, say people close to the situation.
Sumitomo Aims to Invest in Barclays
TOKYO — Sumitomo Mitsui Financial Group (TYO:8316) is negotiating with Barclays PLC (NYSE:BCS) to inject roughly ¥100 billion, or $920 million, in capital into the British
bank, the latest example of how Japanese banks are expanding their roles as fund providers in the crisis-ridden global market.
Bear Stearns Fund Prosecutors Reveal `Lot of Evidence’ of Fraud
Jan. 20 (Bloomberg) — E-mails, witness statements and a money trail may help convict two former Bear Stearns Cos. managers accused of misleading investors and lenders about two hedge funds that imploded, legal analysts said.
Euro Climbs Against Dollar, Yen; Heads Toward Weekly Advance
June 20 (Bloomberg) — The euro climbed against the dollar and the yen, heading for weekly gains versus both currencies.
U.S. Stock-Index Futures Drop; Shares in Europe, Asia Decline
June 20 (Bloomberg) — U.S. stock futures fell, indicating the Standard & Poor’s 500 Index may extend its third straight weekly decline, as concern deepened that earnings at financial companies are deteriorating. Shares in Europe and Asia dropped.
India, China Face Accelerating Inflation, Higher Rates on Fuel
June 20 (Bloomberg) — India’s inflation accelerated to a 13-year high and economists forecast higher consumer prices in China after record crude oil forced both nations to increase the regulated cost of fuel.
Bond Sales Soar in Europe as Companies Plan for Slump (Update1)
June 20 (Bloomberg) — Companies in Europe borrowed more money from bondholders in the past three months than in any second quarter on record, paying the highest interest costs in a decade on concern credit conditions may deteriorate further.
WaMu Slashes 1,200 Jobs
Washington Mutual (NYSE:WM) eliminated an additional 1,200 employees on Thursday, designed to improve expense management and assist the company as its struggles to return to profitability.
Citi Sees More Writedowns Ahead
Citigroup (NYSE:C) - is likely to take “substantial additional marks” on its existing subprime mortgage portfolio this quarter, CFO Gary Crittenden said Thursday.
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