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Meg Whitman Retiring, Yahoo! Layoffs Confirmed and Fed Does Emergency Rate Cut

by georgebounacos Prodigy(January 2008) (rank 17th)

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What a topsy-turvy day financial folks are in for.  Thank goodness I work in online marketing where factors like where a page ranks in Google and the top keyword phrases are completely transparent in our open market.  (cough)

WSJ reporting that Meg Whitman is due to make a decision on retiring.  Also seeing confirmation at all major media that the Yahoo cuts are real, but will number in the hundreds (better hurry up and do that deal).  To top it all off, B of A is going to fall short on Wall Street today, early indicators before the bell suggested another big day of losses so the Fed has stepped in with an "emergency" three-quarters rate cut on federal funds (now down to 3.5%) and the discount rate (now down to 4.0%)

Anyone ready for stagflation?   Link is to WSJ blurb on Meg Whitman because the rest is just the global economy.  This *is* eBay news!

 
 
 

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