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.
-
Is Trump sidelining Congress' war powers?Today's Big Question The Iran attack renews a long-running debate
-
6 productivity-ready homes with great officesFeature Featuring an office with a gas fireplace in Oregon and a shared workspace with wraparound windows in Massachusetts
-
How quarterly estimated tax payments work and when they are dueThe Explainer Freelancers, small business owners and those with a side hustle may need to make more frequent tax payments
