Yahoo swings to loss as Bartz era begins

Date: Tue, 27 Jan 2009 17:01:44 -0500
Yahoo swings to loss as Bartz era begins

Yahoo Inc. reports it swung to a loss in the fourth quarter, as the
flagging economy helped crimp sales of online advertisements and the
Internet company continued efforts to mount a turnaround under former
Chief Executive Jerry Yang.

MARKET SNAPSHOT: STOCK INVESTORS FIND SOME CHEER IN SPIKE IN HOME SALES

While focused in part on quarterly earnings and a report showing a
drop in consumer confidence, investors also take comfort from the
afterglow of surprisingly positive data on the U.S. housing market
released on Monday.

ECONOMIC REPORT: U.S. HOME VALUES DOWN RECORD 18.2% IN PAST YEAR

Home values in 20 major U.S. cities fell a record 18.2% in the 12
months ending in November, Standard & Poor's reports. See full story.

THE FED: NEW YORK FED TAPS DUDLEY TO REPLACE GEITHNER AS PRESIDENT

The New York Federal Reserve promotes William Dudley, a key architect
of its unconventional monetary policy, to serve as its new president.

DUPONT SWINGS TO $629 MILLION QUARTERLY LOSS, CUTS OUTLOOK

DuPont cut its 2009 outlook as the chemicals giant reports a
fourth-quarter loss, results highlighting declines in construction,
motor-vehicle sales and consumer spending.