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Good day, Bad day
Being big in Japan, Regional banks
 

GOOD DAY FOR: Being big in Japan, after Yahoo Japan Corp., the owner of Japan’s most-visited Web portal, reported a 16 percent rise in sales, sending its shares up sharply in Tokyo today. Yahoo Japan cited the success of its new Overture search-ad subsidiary. “The results exemplified a company performing well under adverse conditions,” said KBC Securities analyst Hiroshi Kamid. (Bloomberg)

BAD DAY FOR: Regional banks, after federal regulators took over two Southwestern banks, National Bank of Nevada and First Heritage Bank, on Friday evening, making seven bank failures this year. When the feds shut down IndyMac two weeks ago, depositors lined up to withdraw their deposits the next business day. The two banks, with $3.6 billion in deposits, will open as Mutual of Omaha banks today. (AP in CNNMoney.com)

 

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