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Yahoo Shares Hits 5-Year High!

Yahoo shares today reached a five-year high. The sudden spike in Yahoo’s shares comes as a surprise even though there were mixed earnings report. Yahoo did however manage to beat the profit estimates but that doesn’t seems to be the only reason for the market to cheer for Yahoo. Yahoo has indeed performed really well and Yahoo’s CEO Marissa Mayer ... Read More »

S&P Downgrades Italy!

As the Eurozone crises continues S&P has downgraded Italy’s sovereign rating by one notch! Italy’s sovereign rating has been downgraded from BBB+ to BBB. Italy’s poor economic prospects which seems to get worse with time passing is attracting much negative attention. Standard & Poor’s Ratings Services is downgrading Italy’s credit, saying the country’s economic prospects are getting weaker. S&P lowered its long-term ... Read More »

Bank of America to Incur $60 Billion Loss?

Bank of America $60 billion – Bank of America seems to have got into a lot of trouble and it could be penalized with $60 billion over lawsuits related to mortgage-backed securities which includes 530 mortgage truts sold by Countrywide. The Motley Fool website’s Amanda Alix writes that some analysts have speculated that the loss would be attributed to a ... Read More »

US Postal Service Losing $25 Million a Day!?

The United States Postal Service(USPS) is losing $25m a day. But the Congress is least bothered about it and they want to keep the service running as it is. The Congress has voted against any budget cuts for the USPS. Congress has voted that they would like to keep the Saturday delivery services running. Congress foiled the financially beleaguered U.S. ... Read More »