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Both Yahoo! (YHOO) and the New York Times Co. (NYT) reported earnings for the first quarter, and there was noticeable synchronicity between them. Yahoo!'s revenue dropped 13%, to $1.58 billion, and net fell nearly 80%, to $118 million. Based on the portal firm's forecasts, a slip below projections in the second quarter could take net income down to break even...

Author: /time Magazine | Title: Yahoo!'s Earnings Drop: New Media Suffering like Old | 4/22/2009 | See Source »

...pegged part of the cause to his frustration over how all major decisions had to be run past regulators and how those decisions were often dictated by policy goals and not what was best for the company. Freddie Mac executives have estimated that this year it will cost the firm $30 billion to carry out the Obama Administration's housing plans, which, they wrote in a regulatory filing, "are likely to have a significant adverse effect on our financial results or condition...

Author: /time Magazine | Title: Kellermann's Death Is Latest Shock To Freddie Mac | 4/22/2009 | See Source »

...economy stagnates and unemployment rises, Freddie and Fannie loans are at risk in a way they weren't when the primary issues were things like interest-rate resets and loans having been made to people who couldn't afford them in the first place. The research firm CreditSights has said it thinks the delinquency rate at Freddie could go as high as 4% in coming years...

Author: /time Magazine | Title: Kellermann's Death Is Latest Shock To Freddie Mac | 4/22/2009 | See Source »

...Going out into the real world next year, Witt has been accepted into a fellowship in politics in which he’ll be splitting time between Colorado and Washington, D.C. He also had an offer to return to the Wall Street firm where he interned last summer. Eventually he wants to go to law school...

Author: By Mark J. Chiusano and Hyung W. Kim, CRIMSON STAFF WRITERS | Title: Leaving the Locker Room | 4/22/2009 | See Source »

...instead a tool to enable investors to “analyze the conditions back of all security values.” Like his future competitors, Moody specifically intended his credit ratings to enable analysis rather than be ends in themselves. Nonetheless, by 1970, when the firm switched to a “corporation-paid” model, Moody’s ratings had become decisive factors for investors. In fact, by 1970, ratings from Moody’s, S&P, and Fitch had become such an important part of bringing securities to market that Moody’s felt...

Author: By Noah M. Silver | Title: Risky Business | 4/21/2009 | See Source »

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