other-headwinds

The identity crisis that led to Yahoo’s demise

By Jonathan Weber and Jeffrey Dastin SAN FRANCISCO (Reuters) – When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The tough days of the dot-com bust were a distant memory, and Yahoo Inc, flush with lucrative advertising deals from the world's biggest brands, was enjoying its run as one of the top dogs in the world's hottest industry. Then they were asked to …

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The identity crisis that led to Yahoo’s demise

other-headwinds

Fed seen holding rates steady as inflation watch continues

By Ann Saphir SAN FRANCISCO (Reuters) – The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation. Central to the debate at the Fed's July 26-27 policy meeting will be how to reconcile upbeat U.S. economic data, highlighted by strong job gains in June, with a global growth slowdown and other …

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Fed seen holding rates steady as inflation watch continues