MARKETS / FINANCE

Ross Levinsohn Leaves Yahoo: A Triumph of Tech Over Media?

Yahoo
Ross Levinsohn, the former interim CEO of Yahoo! Inc. (Nasdaq: YHOO) has left the company after it hired Marissa Mayer from Google Inc. (Nasdaq: GOOG) as its new chief executive, All Things D reported, suggesting the Silicon Valley giant's focus on its technology division over its media properties.

US Weather Woes Crimp Wheat Supply In Europe: Analyst Insight

Wheat prices to double in 2012
The wheat production downgrade, made after corn and soybean prices reached fresh, all-time highs, is a blow for global wheat suppliers, especially those in Canada and the Black Sea, which includes Russia, Kazakhstan and Ukraine, Barclays PLC said on Monday.
Romney

Mitt Romney And The Mormon-Israeli Connection

Romney has said that "there's no question (my experiences in the church) helped shape my perspective" and that his trip to Israel, which included a visit to the Wailing Wall, had a spiritual impact on him.
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Spain

Spain: The Next Wave Of The Financial Crisis Arrives

The Spanish crisis, last week’s German vote, talk of a possible withholding of funds for Greece, and now the downgrading of the credit outlook for Europe’s strongest economies, point to a worsening of the financial crisis, a reduction in support for the euro, and a global economy increasing at risk.
No. 7: United Parcel Service

Investors Demand Strong Outlook, Guidance; Earnings 'Beats' Aren't Enough

U.S. companies have been finding it much easier to deliver earnings beats, or profits that are higher than expected, as analysts on Wall Street continue to trim their forecasts for earnings growth. However, they might have also come to realize that beating earnings expectations alone is not enough to help their stock prices.
An image showing the headquarters of Fannie Mae and Freddie Mac

FHFA Explores Fannie Mae, Freddie Mac Receivership Plan

The future of Fannie Mae and Freddie Mac, the two government-controlled entities that guarantee around 60 percent of the U.S. mortgage market, remains uncertain, but their federal regulator is requesting a plan to wind them down and sell their assets.
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China's Cnooc Paying $15.1B For Canada's Nexen

China's giant oil and gas conglomerate Cnooc Ltd. said Monday it will pay $15.1 billion in cash for Canadian oil and gas company Nexen Incorporated (NYSE: NXY), among whose assets are large oil sands and shale gas properties.
Pena Nieto

Mexico's Drug War: A New President Outlines A New Strategy Likely To Produce Old Results

In the old days of Mexico's Institutional Revolutionary Party (PRI), the party of President-elect Enrique Pena Nieto, a systemic culture of government corruption ensured that the drug cartels would be more or less left alone in exchange for hefty bribes at multiple levels, and as the drugs flowed north into the U.S. there was relatively little violence.
Facebook IPO: Mark Zuckerberg Celebrates With Employees As Nasdaq Begins Trading

Facebook IPO Jinx Falls: Palo Alto, Kayak Soar

Two months after the trading fiasco in the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, tech IPOs are soaring again. Palo Alto Networks (Nasdaq: PANW) and Kayak Software (Nasdaq: KYAK) shares soared in their IPOs.
Xerox CEO Ursula Burns

Earnings Preview: Xerox 2Q Results To Decline

Chances are second-quarter results from Xerox Corp., the No. 1 copier maker that’s moved increasingly into services, will be a disappointment, keeping in line with the general technology sector.
Google Inc vice president Marissa Mayer unveils Google Instant in San Francisco

Yahoo’s Mayer: Making First Moves At Turnaround

Now three days into running Yahoo (Nasdaq: YHOO), the No. 3 search engine, CEO Marissa Mayer has already telegraphed that change is coming. She appointed the first editors for Yahoo News and Yahoo Finance, two of the company’s most popular portals.

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