Investors Urge a Merger Between Yahoo & AOL; U.S. Economy Grew 4.6% in Q2
Stocks recover part of their losses from yesterday, but U.S. stocks did not recover entirely. Many investors, mainly activist investing firm Starboard, are urging Yahoo (YHOO) to merge with AOL (AOL). Both AOL's and Yahoo's stocks are up on this proposition. The U.S. economy rebounded sharply in Q2, after faltering in Q1. The economy actually expanded at its fastest pace in nearly 2 1/2 years. The nation's GDP grew at a 4.6% rate, up from the 4.2% previously estimated rate.
Word on the Street
Published on Sep 26, 2014By InvestorGuide Staff