Wall street down on Europe concerns; Ebay President named Yahoo CEO

PUBLISHED ON: January 4, 2012 | Duration: 24 min, 13 sec

   
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James E Glassman, JPMorgan Chase spoke to NDTV Profit on US market outlook for 2012. Meanwhile, Wall street extended losses as worries about Europe took centre stage again despite factory orders rising while the Eurozone inflation has slowed for the first time in five months at 2.8 per cent in December. In corporate news, Yahoo names Ebay President Scott Thompson as its new chief executive officer. Also, after winning Iowa caucuses, Mitt Romney emerges as the Republican front runner in Presidential race.
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