Spotlight: Yahoo’s Value Surpasses Many U.S. Industry Giants
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Upstart Internet company Yahoo Inc. now has a market value that’s larger than many giants of U.S. industry, including Black & Decker, Rubbermaid and Maytag. The stock of Santa Clara-based Yahoo has risen fivefold in the last year, giving it a market capitalization of $5.25 billion. Shares soared $17.25 to close at $114.50 on Nasdaq, one day after it reported earnings that surprised even the most Internet-crazed investors. It’s now larger than 170 of the companies in the Standard & Poor’s 500 index.
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