GOOD DAY FOR: A new vote counter, after a recount of ballots in Yahoo’s board election found that vote-tabulation firm Broadridge Financial Services had improperly tallied 200 million votes against CEO Jerry Yang, Chairman Roy Bostock, and board member Ron Burkle as in favor of their reelection. The recount, requested by Capital Research Global Investors, didn’t alter the results. (AP in Yahoo! Finance)
BAD DAY FOR: Remodeling, after Morgan Stanley told thousands of clients that they can’t withdraw money on their home equity credit lines. Most of the clients reportedly have properties that dropped in value. Morgan Stanley and other banks are trying to lower their exposure to risks, as they reel from the subprime mortgage fallout; home equity credit lines have hit a two-decade-high level of late payments. (Bloomberg)
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
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.