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      6 Must-Know Finance Headlines on QuizRevolution

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      6 Must-Know Finance Headlines
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      6 Must-Know Finance Headlines
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      In the ongoing saga of Microsoft's bid for Yahoo, which of these happened this week?
      Wrong
       of players answered correctly.
      • Time Warner is in talks to merge AOL with Yahoo

      • News Corporation is in talks with Microsoft to join its bid

      • Yahoo announced it is testing Google's AdSense

      • All of the above

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      1. In the ongoing saga of Microsoft's bid for Yahoo, which of these happened this week?
        1. Time Warner is in talks to merge AOL with Yahoo
        2. News Corporation is in talks with Microsoft to join its bid
        3. Yahoo announced it is testing Google's AdSense
        4. All of the above
        1. Things are getting more and more complicated as each of the players lines up in different camps. For more [link: http://online.wsj.com/article/SB120776803032602423.html, name: read here]
      2. The IMF's estimate for worlwide losses due to the subprime mortgage crisis are:
        1. $350 Billion
        2. $470 Billion
        3. $760 Billion
        4. $945 Billion
        1. "The crisis is spreading beyond the U.S. subprime market -- namely to the prime residential and commercial real estate markets, consumer credit, and the low- to high grade corporate credit markets," the IMF said in its Global Financial Stability Report.
      3. American Airlines is 'bleeding revenues.' What is grounding its flights?
        1. Airline union talks are now in their 3rd month
        2. Inspections of bundles of wiring in wheel wells of planes
        3. The lowest passenger traffic on record
        4. Bad weather as an uneseasonal cold snap freezes fuel
        1. For more on the problem which is causing the cancellation of thousands of flights [link: http://online.wsj.com/article/SB120774812279201617.html, name: click here]
      4. How many cars are Toyota and GM recalling due to defects in power windows?
        1. 25,000
        2. 123,000
        3. 662,000
        4. 1,234,500
        1. Toyota will recall 539,500 Corolla and Matrix vehicles for the 2003 and 2004 model years, it said in a statement. GM said it would recall 122,598 Pontiac Vibe hatchbacks, which share the same platform with Toyota's Matrix and are built by GM in a joint venture with the Japanese automaker.
      5. What forecast about the Euro's future featured in the latest edition of Forbes?
        1. Steady devaluation against the dollar
        2. Higher interest rates leading to continued strength
        3. Stability for a number of years
        4. The Euro will fall apart with each country going its own way
        1. For more on this thesis [link: http://seekingalpha.com/article/71873-the-euro-under-attack, name: click here]
      6. Which company sent futures tumbling Friday after missing earnings and lowering its outlook
        1. IBM
        2. ExxonMobil
        3. GE
        4. Ruby Tuesday
        1. GE (GE) posted Q1 EPS of $0.44, [link: http://biz.yahoo.com/ap/080411/earns_general_electric.html?.v=2, name: falling short] of consensus estimates of $0.51. Revenue of $42.2B (+7.8%) was also less than an expected $43.7B. GE down-guided its Q2 EPS estimate to $0.53-0.55, vs. the consensus estimate of $0.58. It lowered previous 2008 guidance of $2.42/share to $2.20-2.30 (vs. $2.43 consensus). "Demand for our global infrastructure business remained strong, but our financial services businesses were challenged by a slowing U.S. economy and difficult capital markets... Our primary shortfall was a decline in financial services earnings. We knew the first quarter was going to be challenging, but the extraordinary disruption in the capital markets in March affected our ability to complete asset sales and resulted in higher mark-to-market losses and impairments," it said.

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