Tuesday, October 16, 2007
Yahoo's profit falls, but beats expectations
DJIA
13,912
-71.86
S&P
1,538
-10.18
NASDAQ
2,763
-16.14
10Yr
4.66%
-0.018
Yahoo's profit falls, but beats expectations
SAN FRANCISCO
Yahoo Inc. said Tuesday its fiscal third-quarter profit fell 5% from the
year-earlier period, as the flagging Internet company undertook a broad
reorganization under a new chief executive.
Yahoo execs called to testify about 'false information'
SAN FRANCISCO
A House committee on Tuesday said it has asked executives from Yahoo
Inc. to testify about the validity of past statements the Internet
company made during sworn testimony about its involvement in the jailing
of Chinese dissidents.
Market Snapshot: Stocks end lower on housing woes and rising crude
NEW YORK
Wall Street shares closed lower on Tuesday ahead of key technology
results as investors contended with warnings from financial institutions
that the recent credit crunch would dent earnings in the fourth
quarter.
Futures Movers: Crude heads further into record territory, closing above
$87
SAN FRANCISCO
Crude-oil futures rocketed briefly past $88 a barrel Tuesday for the
first time as mounting concerns over a possible Turkish attack on
Kurdish rebels in northern Iraq and tight U.S. crude supplies heading
into the winter kept strong upward pressure on energy prices.
The Fed: Officials were split on size of last rate cut, minutes show
WASHINGTON
Only a slim majority of the Federal Reserve's 12 district banks backed a
half-percentage point cut in interest rates going into the central
bank's September meeting, according to minutes of the discount rate
meetings released Tuesday.
