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)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
'A direct, protracted war with Israel is not something Iran is equipped to fight'Instant Opinion Opinion, comment and editorials of the day
-
Today's political cartoons - April 17, 2024Cartoons Wednesday's cartoons - political anxiety, jury sorting hat, and more
-
Arid Gulf states hit with year's worth of rainSpeed Read The historic flooding in Dubai is tied to climate change
