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Markets Down on Bad Economic Data (GM, YHOO)

By: , dated May 3rd, 2012
Major indices were down today on a slew of bad economic data. 30-year mortgage rates hit 3.84 percent, an all time low. In corporate news, GM’s (GM) net income fell almost by half year over year. A hedge fund sent a letter to the Yahoo (YHOO) board questioning CEO Scott Thompson’s background.

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