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Best of the Blogs: What's Happening at Yahoo?


Minyanville's daily roundup of some of the best financial commentary from around the Web.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
All Things D
"Yahoo CEO Scott Thompson and a very close-knit team at the Silicon Valley Internet giant worked into the night last night to put the final touches on a restructuring of the company that will drastically change how it is run. Sources said Thompson has not fully briefed much of Yahoo's senior staff about the changes, which he has been working on with Boston Consulting Group. In other words: Aim. Fire. Ready?" (Also Read Can Yahoo Be Saved?)
"Is asset allocation unimportant after all in the grand scheme of managing wealth? Yes, according to a new study the Center for Retirement Research at Boston College. "The focus on asset allocation is misplaced," advises "How Important Is Asset Allocation To Financial Security In Retirement?" On first glance this finding sounds like a knock-out blow to all the studies through the years that tell us that asset allocation is a critical variable for portfolio management. Should we now abandon the idea? In a word, no."
Credit Writedowns
"As full liquidity returns to the markets for the first time in nearly a week, the US dollar and Japanese yen have rallied. First though weak short euros and long yen cross positions were squeezed in early Asia, but by the time Europe entered the fray, the moves were well under way, with the euro and sterling coming off and the yen rallying." (For related content, see Japanese Yen Is Showing Strength Now That It's the Primary "Safe" Currency."
Deal Book
Link: Energy M.&A. Continues, As Chesapeake Strikes Three Deals
"Struggling amid a surplus of natural gas supply and depressed demand, energy companies continue to look to deal-making to bolster their financial positions. In the latest, Chesapeake Energy Corporation announced three deals that will raise $2.6 billion in cash for the natural gas giant, moves that will help it cope with low prices. It has been a tough environment for Chesapeake and other energy companies, which have been dealing with the effects of a warm winter and a sputtering economy. Natural gas prices are about half what they were a year ago, putting pressure on producers."
Zero Hedge
"It sounds good when said and credible and positive but the problem is that it is one more absurd illusion. Spain, this morning, says the next round of budget cuts are going to come from Education and Health benefits which is all very nice except they do not totally come under the purview of the Spanish Federal government. The way that Spain is currently constructed these expenditures are mostly under the control of the regional governments and so that these kinds of promises by the current administration in Spain are wisps of cultivated air floating from Madrid to Berlin. Even if the Federal government could get the cuts accomplished it will take them months and perhaps months and months so that the headlines of what Spain is going to do has all of the substance of the milky froth atop some cup of coffee in Valencia that resembles a cappuccino." (Also Read: European Debt Crisis: All Spain All The Time.)

Twitter: @Minyanville

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