Morning News Roundup: Yahoo’s New Chief, Goldman Sachs Tanks

July 17th, 2012 - By Tonya Garcia

Google’s Marissa Mayer is named Yahoo’s chief executive. She’s the fifth person to hold the spot in five years. And she’s faced with the daunting task of rebuilding a company that has lost its luster.

-The price of gas dropped in June, a welcome change. However, food prices crept up a bit, a topic we discussed in some detail yesterday.

-Goldman Sachs is creating an in-house bank to lend money to rich people and big corporations. It’s the bank’s attempt to remake its business in the face of harsh economic realities. The company just announced pay cuts, job cuts, and a steep revenue drop — 14 percent — to  $16.6 billion.

-President Obama is hitting his GOP opponent Mitt Romney hard over the former Massachusetts’ governor’s failure to disclose his tax return information. Romney is already reeling from questions about his involvement with Bain Capital, the private equity firm he says he worked with until 1999. Paperwork suggests his involvement with the company may have lasted longer.

-Last week was Savannah Guthrie’s first as co-host of the Today show. And though the program had hoped to retake its longstanding commanding lead in the ratings over GMA with the ouster of Ann Curry, it was not to beGMA beat Today by 350,000 viewers and came close to overtaking the show in the 25 to 54-year old demographic.

 

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