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)
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.
-
Home Depots are the new epicenters of ICE raidsIn the Spotlight The chain has not provided many comments on the ongoing raids
-
Why does Trump keep interfering in the NYC mayoral race?Today's Big Question The president has seemingly taken an outsized interest in his hometown elections, but are his efforts to block Zohran Mamdani about political expediency or something deeper?
-
The pros and cons of banning cellphones in classroomsPros and cons The devices could be major distractions
