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1. Searching for a Clue
Something is definitely bugging Yahoo! (YHOO Quote) investors.
Shares of the Sunnyvale, Calif., Internet giant plunged 22% Wednesday on 10 times average daily volume after execs botched the second-quarter earnings call. Wednesday's free fall put the stock down 36% for the year.
Yahoo! is trying to soup up its search engine in hopes of closing the gap with Google (GOOG Quote). This spring, Yahoo! set plans for an ambitious upgrade. But on Tuesday, the timeline on what the company calls Project Panama was unceremoniously pushed back. ...
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