Disappointing Spanish Bond Sales Send Global Markets Down (YHOO, GS)

Federal Reserve inaction and disappointing results from Spain brought major indices down today. The Spanish bond auction sold only 2.589 billion euros worth of bonds, which was on the very low end of what was expected. In corporate news, Yahoo (YHOO) will be laying off 2,000 people, yet another sign of the company's struggles to keep up with rivals Google (GOOG), Facebook, and AOL (AOL). Goldman Sachs (GS) will have one of its private equity funds exit its stake in Village Voice Media at a loss.

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Published on Apr 4, 2012
By InvestorGuide Staff

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