Levinsohn faced skeptical questioning at Yahoo's annual shareholders meeting Thursday as he tried to convince investors that the embattled Internet company will rebound from years of financial malaise and internal turmoil.
The foibles have depressed Yahoo stock as the company struggled to find a leader who could come up with a strategy to reverse a decline exacerbated by the success of Internet search champ Google Inc. and social networking leader Facebook Inc.
FDA plans database for identifying foodborne germsWASHINGTON (AP) â¿¿ The Food and Drug Administration plans to create a database of 100,000 foodborne germs in an effort to speed up the government's response to outbreaks of salmonella, E. coli and other food-related diseases. The five-year effort aims to sequence the genetic code of the most common foodborne germs. With that information, FDA says scientists may be able to create tests that can identify foodborne germs in a matter of days, rather than weeks. Every year about 48 million people in the U.S. get sick from foodborne bacteria. The agency will partner with scientists at the University of California-Davis, The Centers for Disease Control and Prevention and Agilent Technologies Inc., a company which specializes in testing equipment. ___ US government records $904.2 billion deficit through June WASHINGTON (AP) â¿¿ The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year. Through the first nine months of the budget year, the federal deficit totaled $904.2 billion, the Treasury Department reported Thursday. President Barack Obama is almost certain to face re-election having run trillion-dollar-plus deficits in each his first four years in office. That would likely benefit his probably GOP opponent, Mitt Romney. ___ More US homes facing foreclosure risk in June LOS ANGELES (AP) â¿¿ Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year, potentially weighing further on home values.