Monday, October 20, 2008

Steven Wevodau - Wall Street braced for new cuts, weak outlook at Yahoo (Reuters)

Microsoft runs across a news ticker above a Yahoo sign in New York City May 19, 2008. (Joshua Lott/Reuters)Reuters - Things went from bad to worse for Yahoo Inc a long time before the financial crisis spurred a new wave of advertising cutbacks by customers that will cast a pall over its quarterly results on Tuesday.

Steven Wevodau

Jim Balsillie, co-chief executive of Research In Motion (RIM), holds the new Blackberry Bold handset during its launch in Mumbai September 18, 2008. (Punit Paranjpe/Reuters)Reuters - Research In Motion shares fell as much as 10 percent on Monday after one brokerage said retail sales trends for its BlackBerry smartphones in North America and Western Europe were weaker than hoped and another cut its earnings forecasts.

Steven Wevodau

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