More on Goldman's upgrade of Yahoo (YHOO +1.1%): The firm thinks Yahoo is improving its average...
More on Goldman's upgrade of Yahoo (YHOO +1.1%): The firm thinks Yahoo is improving its average revenue/search, which has long trailed Google's, and believes the company will implement "cost reductions" (read: layoffs) that will more than offset higher "tech and investment spending" in 2013. Yahoo, which recently broke out of the narrow trading range it was in for much of the year, has made new 52-week highs again today.
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