American Eagle Outfitters falls on weak outlook



Investment Challenge1863090264160ByIsabel RothschadlSpring 2013Daily Transactions(copy & paste transaction history from website)DHI1/29/13 11:30a 1/29/13 11:30a Buy 200 $23.51 GOOG1/29/13 11:27a 1/29/13 11:27a Buy 200 $753.51 S1/29/13 11:24a 1/29/13 11:24a Buy 200 $5.60 YHOO1/29/13 11:14a 1/29/13 11:14a Buy 200 $19.76 INTC1/29/13 11:11a 1/29/13 11:11a Buy 200 $21.03 AMZN1/29/13 11:10a 1/29/13 11:10a Buy 200 $270.48 GLW1/29/13 11:08a 1/29/13 11:08a Buy 300 $12.25 HOG1/29/13 11:08a 1/29/13 11:08a Buy 200 $53.88 NKE1/23/13 12:57p 1/23/13 12:57p Buy 300 $53.00 COLM1/23/13 12:57p 1/23/13 12:57p Buy 200 $48.76 DAL1/23/13 12:55p 1/23/13 12:55p Buy 200 $13.86 DG1/23/13 12:55p 1/23/13 12:55p Buy 200 $44.93 DPZ1/23/13 12:49p 1/23/13 12:49p Buy 200 $46.85 AEO1/23/13 12:48p 1/23/13 12:48p Buy 200 $20.36 WFC1/23/13 12:48p 1/23/13 12:48p Buy 200 $34.99 CompaniesAEO American Eagle Outfiters NYSE apparel and accessories retailer The American Eagle Outfitters brand targets 15 to 25-year old men and women. It operates under the categories including sweaters, graphic t-shirts, fleece, outerwear and accessories. 52 week low 14.44 52 week high 23.94 AMZN NASDAQ provides online retail shopping services It provides services to four primary customer sets: consumers, sellers, enterprises, and content creators. 52 week low $178.04 52 week high $284.72 COLM Columbia Sportswear NASDAQ outdoor apparel designs, develops, markets and distributes active outdoor apparel, footwear, accessories and equipment. 52 week low $45.37 52 week high $58.63 DAL Delta Air Lines NYSE air transportation provides scheduled air transportation for passengers and cargo throughout the United States and around the world. 52 week low $8.42 52 week high $15.56 DG Dollar General NYSE discount retailer It offers merchandise items, including consumables, seasonal, home products, private and national branded items that are used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, house wares and seasonal items in convenient neighborhood stores. 52 week low $39.73 52 week high $56.04 DHI D.R. Horton NYSE 52 week low $13.45 52 week high $24.66 DPZ Domino’s Pizza NYSE pizza delivery company It operates regional dough manufacturing and supply chain centers in the United States and Canada. 52 week low $28.17 52 week high $48.72 GLW Corning NYSE Glass company Incorporates technology with glass. 52 week low $10.62 52 week high $14.58 GOOG Google NASDAQ connect with information It provides variety of services and tools for advertisers of all sizes. 52 week low $556.52 52 week high $815.22 HOG Harley Davidson NYSE Motorcycle Production Company Sells Motorcycles 52 week low $37.84 52 week high $54.62 INTC Intel NASDAQ Designs, manufactures and sells computer components and related products. It designs and manufactures computing and communication components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products. 52 week low $19.23 52 week high $29.27 NKE Nike NYSE Production of athletic wear. Athletic clothes 52 week low $42.55 52 week high $57.41 S Sprint NYSE Phone Company Sells and provides service for phones to costumers 52 week low $2.30 52 week high $6.04 WFC Wells Fargo Company NYSE Bank 52 week low $29.80 52 week high $36.60YHOO Yahoo NASDAQ Operates as a digital media company.Delivers personalized digital content and experiences, across devices and across the globe.?52 week low $14.39 52 week high $23.09 Article Research American Eagle Outfitters falls on weak outlookBy Anna PriorAmerican Eagle Outfitters Inc.'s?AEO?-10.49%?fiscal fourth-quarter earnings jumped 85% as the teen retailer reported higher revenue, though a weak start to the year sent shares tumbling.Shares fell 9.3% to $20.45 in recent premarket trading as the company guided for per-share first-quarter earnings below analysts estimates and said it expects same-store sales for the quarter in the negative mid-single digit range. The stock is up 54% in the last 12 months.Citing macroeconomic headwinds and unfavorable weather affecting consumer spending in February, American Eagle forecast per-share earnings of 16 cents to 19 cents for the current quarter. Analysts polled by Thomson Reuters were recently looking for 25 cents a share.The company also said its board authorized a new share repurchase program of 20 million shares and raised the quarterly cash dividend to 12.5 cents a share, a 14% increase. The company recently had about 198 million shares outstanding, according to FactSet.Teen retailers like American Eagle have been operating in an intensely competitive environment marked by bargain-hunting consumers, deep promotions, and the rise of fast-fashion peers like Swedish retailer Hennes & Mauritz AB (HM-B.SK), known as H&M, and Forever 21 Inc.American Eagle, for its part, has emerged as a key destination for fashion-conscious teens and standout in the teen sector. But it could be harder for American Eagle to maintain its fashion edge over other teen retailers, like high-end peer Abercrombie & Fitch Co.?ANF?-0.30%?and bargain player Aeropostale Inc.?ARO?-0.61%?, going forward. Abercrombie, for one, is working to regain its footing as it slowly brings in more fashion, such as colored bottoms and woven tops, to its offerings and reins in inventory. In February, Abercrombie reported fiscal fourth-quarter earnings surged, though it guided for a weak start to the fiscal year.For the quarter ended Feb. 2, American Eagle reported a profit of $94.8 million, or 47 cents a share, up from $51.3 million, or 26 cents a share a year earlier. Excluding a four-cent per-share tax benefit and restructuring and store impairment charges of 12 cents a share, earnings were 55 cents a share compared with 39 cents. The company in January had reiterated its forecast for earnings of 54 cents to 56 cents a sales rose 8.6% to $1.12 billion, while same-store sales rose 4%, including sales from its online stores, compared with an 11% increase for the year-ago period. The company in January had forecast same-store sales growth in the mid single-digits, while analysts forecast net sales of $1.12 billion.Gross margin widened to 41.2% from 35.2%.By brand, American Eagle same-store sales rose 1%, while aerie fell 3%. AEO Direct, which is composed of and , saw same-store sales surge 24%.Total merchandise inventories at the end of the fourth quarter were $332 million, compared with $368 million for the year ago period. Amazon’s cloud business deserves premium, analyst saysMarch 5, 2013, 4:41 enjoyed an uplift from the Tuesday’s big market surge — which was also likely helped by one analyst arguing for a premium valuation for its growing cloud business.Amazon?AMZN?-0.99%?is well known to online shoppers, but its Amazon Web Services, or AWS, business offers a cloud-based set of infrastructure and application services to businesses that can be used to run everything from mobile apps to Websites to big-data operations. And it’s quietly become an increasingly more valuable part of the company’s revenue — and its stock price, which is up more than 50% over the last 12 months.At least, that was the view expressed by Carlos Kirjner, an analyst with Bernstein Research. In a note on Tuesday, Kirjner estimated that of Amazon’s current $276-a-share price, $52 of that comes from the value of the Web services arm. This would make the AWS business worth about $24 billion.Kirjner estimates that last year, AWS contributed $1.8 billion to Amazon’s revenue, and that was double what the business did in 2011, but nothing compared to the $20 billion in revenue it is expected to bring in by 2020. “AWS is likely to grow at a rapid pace for the next several years as Amazon improves the security, compliance, and performance of current offers, expands AWS into new geographies, introduces new products and services and targets new multi-billion revenue pools,” he wrote.He also notes that his valuation puts AWS at about 13 times his estimated revenue for 2012, compared to Rackspace?RAX?-0.23%, which trades just under 6 times last year’s sales.“In our view, Amazon’s much faster (nearly 4x) growth, larger scale, and broader product portfolio justify a materially higher multiple,” he wrote. Kirjner has an outperform rating and $320-a-share price target on Amazon.-Rex Crum Columbia Sportswear lowers outlook; shares tumbleBy Tess StynesColumbia Sportswear Co.?COLM?+0.76%?lowered its fourth-quarter expectations as the maker of active outdoor apparel's net sales were hurt by mild winter weather in North America during most of the holiday shopping season, lower customer traffic in key markets and a more promotional environment.Shares fell 7.1% to $48.45 in recent after-hours trading.The owner of brands such as Mountain Hardwear, Montrail and Pacific Trail said the combination led to lower-than-expected sales, as well as increased order cancellations and fewer reorders from wholesale customers--mostly in the U.S. About a third of the sales shortfall was attributed to a shift of factory-direct shipments of international distributors' spring 2013 advance orders into the first quarter.For the current quarter, the company lowered its earnings view to $37 million to $40 million amid a net sales decline of 5% to $499 million to $503 million, compared with its October estimate for $44 million and net sales growth of as much as 1.5%.Columbia Sportwear in October reported that its third-quarter earnings fell 4.7% as the company booked a higher tax rate. The company plans to release its fourth-quarter financial results Feb. 7. Delta Air Lines net drops on high fuel costsBy Melodie WarnerDelta Air Lines Inc.?DAL?-0.95%?saw a sharp drop in fourth-quarter earnings amid higher fuel costs and charges to restructure its domestic fleet.The airline also forecast a 4% to 6% increase in first-quarter revenue, while analysts surveyed by Thomson Reuters were expecting a 2% rise to $8.55 billion. Delta attributed its revenue growth to investments in operations and its capacity discipline.Delta, the second-largest U.S. carrier by traffic, has been aggressively cutting capacity to retain pricing power. The company also is working on a plan to cut $1 billion from its structural costs through a revamp of its domestic fleet, maintenance savings and productivity initiatives.Delta had said it expected good profitability in the fourth quarter even though its nonfuel costs have risen faster than it hoped. The company also had predicted inflationary pressure would continue into 2013.Delta reported a profit of $7 million, or one cent a share, down from $425 million, or 50 cents, a year earlier. Excluding items such as domestic fleet restructuring, early debt retirement and mark-to-market losses on fuel hedges, per-share earnings were 28 cents in the most-recent quarter. Revenue jumped 2.4% to $8.6 billion.Analysts polled by Thomson Reuters had most recently forecast per-share earnings of 28 cents on revenue of $8.6 billion.Operating margin shrank to 4.1% from 8.6%. Its October forecast was an operating margin of 4% to 6%.The average price per fuel gallon rose 9.1% to $3.24 a gallon.On a consolidated basis, traffic rose 0.7% as capacity decreased 1.3%. Load factor, or the percentage of seats filled, climbed to 83.3% from 81.7% a year ago.Delta confirmed last month it will pay $360 million to acquire Singapore Airlines Ltd.'s (SINGY, C6L.SG) 49% stake in Virgin Atlantic Airways Ltd. The move is expected to boost the U.S. carrier's presence at London's congested Heathrow Airport and continue a run of cut-price deals to expand its network.Shares closed Friday at $13.61 and were inactive premarket. The stock has gained 45% over the past year. Dollar General down on secondary offeringNEW YORK (MarketWatch) -- Discounter Dollar General Corp.?DG?-0.84%?shares fell 3.1% on Thursday after the company announced an underwritten secondary public offering of $30 million shares sold by certain existing shareholders. Williams-Sonoma Inc.WSM?+0.77%?fell almost 1% after the home-furnishings retailer was cut to hold from buy by ISI Group.? D.R. Horton net surges on strong sales, closingsBy Saabira ChaudhuriD.R. Horton Inc.'s?DHI?+0.67%?fiscal first-quarter profit more than doubled as the home builder recorded double-digit revenue growth amid sharply higher closings and orders.Horton, the nation's largest builder by annual closings, has long been a favorite with industry analysts because its management team avoids risk and it constructs low-price homes accessible to many buyers. It also runs a credit-repair program that broadens its buying pool to consumers with weaker credit, and it builds in many markets that some competitors overlook, such as Boise, Idaho, and northwest Indiana.The builder has been helped by an improving housing market. The Commerce Department said Friday that an estimated 367,000 new homes were sold in 2012, up 20% from 2011. And on Monday the National Association of Realtors said Monday its seasonally adjusted index for pending sales of existing homes was up 6.9% in December from the same month last year and has risen for 20 consecutive months compared with a year earlier. Pending home sales reflect contracts to purchase homes rather than closed sales.Chairman Donald R. Horton said the period was the builder's most profitable first quarter since 2007. He pointed to a "substantial increases in the number of homes sold, closed and in backlog," while also noting that "sales price has increased due to pricing power, geographic mix and larger average home size."For the quarter ended Dec. 31, D.R. Horton reported a profit of $66.3 million, or 20 cents a share, compared with a year-earlier profit of $27.7 million, or nine cents a share. Home-building revenue jumped 39% to $1.23 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of 14 cents on revenue of $1.1 billion.Horton's sales and orders have picked up as consumers take advantage of the record-low interest rates that have made buying a home cheaper than renting in many markets, although tight credit restrictions that make it difficult for buyers to obtain a mortgage are expected to crimp demand this year.For the quarter, the builder reported that closings increased 26% from a year earlier, while orders rose 39%.The cancellation rate for the quarter was 22%. The sales order backlog of homes under contract was up 62% to 7,317 homes and the value of the backlog jumped 80% to $1.8 billion.Shares closed Monday at $21.31 and were inactive in recent premarket trading. The stock has risen 48% in the past 12 months. Domino's profit up 22% on higher pizza salesBy Annie GasparroDomino's Pizza Inc.'s?DPZ?+0.56%?fourth-quarter profit rose 22% as the pizza chain maintained sales momentum, especially abroad, despite the tough global economy. Domino's budding international business has become a key driver for growth, after a new core-pizza recipe and other menu additions in the U.S. have helped spur domestic sales since early 2010.In the fourth quarter, which ended Dec. 30, Domino's sales at restaurants that were open at least a year rose 4.7% in the U.S. and 5.2% abroad. Domino's reported a fourth-quarter profit of $37.6 million, or 64 cents a share, up from a year-earlier profit of $30.9 million, or 52 cents a share.Revenue rose 7.6% to $539.7 million, on higher pizza sales and more store openings in international markets.Wall Street analysts were looking for a per-share profit of 60 cents on revenue of $532.6 million, according to a survey conducted by Thomson Reuters.Domino's, which has struggled to expand in the U.S. given intense competition and higher costs, has been trying for the past year to boost restaurant margins so as to encourage franchisees to open more locations.The company has added higher-margin menu items, developed new products like a pan-style pizza to drive customer traffic, and improved the efficiency of its store operations.In the fourth quarter, Domino's returned to net new store growth domestically, growing by 32 stores to 4,928 in the U.S. Domino's overall operating margin widened to 29.8% from 28.9% a year ago.With the U.S. fast-food market becoming increasingly competitive, many chains are looking to emerging economies for long-term expansion. Domino's fastest-growing market is India, where it has several hundred locations. The company added 183 net new stores abroad in the latest quarter, to total 5,327 in international markets.Through the Wednesday's close, Domino's stock had risen roughly 50% over the past year. Domino's shares were recently up 0.8% at $47.20 premarket. Corning profit slips, but pricing stabilizingBy Anna PriorCorning Inc.'s?GLW?-0.40%?fourth-quarter earnings fell 42% as the maker of television-screen glass reported higher charges related to restructuring, impairment and other items, which masked a jump in revenue."Corning made good progress in 2012, despite some challenging economic conditions and changing market environments," said Chief Executive Wendell P. Weeks. "We made major progress on our goal of stabilizing display technologies' performance, primarily through moderating price declines."The company said it continues to face an uncertain global economy, but it sees prospects for growth in its specialty materials, telecommunications, environmental technologies and life sciences segments. It expects market share in its LCD glass business to be stable and price declines to be moderate.Corning, which relies on sales of LCD-TV glass for the bulk of its profits, has seen its exposure to the consumer-electronics market push down income in recent quarters, as soft demand depresses prices for TV sets and the components they use. Those price declines had driven down revenue in the past two quarters, leading the company to tweak its LCD-glass pricing strategy last year to help stabilize prices.In November, Corning predicted fourth-quarter volume in its main LCD glass segment, including a joint venture with Samsung Electronics Co. (SSNHY), would grow sequentially in the low-single digits driven by stronger-than-expected demand in China and North America. The guidance topped its previous projection of flat volume to a low-single-digit decline. The company had also said its specialty materials segment, maker of Corning's trademark Gorilla Glass for mobile devices, should report a 5% sales increase over third-quarter levels, exceeding an earlier call for roughly similar revenue.At that time, Corporate Controller Tony Tripeny reiterated Corning's expectation that sequential LCD glass prices declines should accelerate slightly in the fourth-quarter before moderating in the current quarter.For the quarter ended Dec. 31, Corning posted a profit of $283 million, or 19 cents a share, down from $491 million, or 31 cents a share, a year earlier. Excluding charges tied to asbestos liability, restructuring and other items, per-share earnings rose to 34 cents from 33 cents.Revenue rose 14% to $2.15 billion.Analysts polled by Thomson Reuters were recently expecting a profit of 32 cents a share and $2.07 billion in sales.Gross margin narrowed to 42.3% from 43.7%.Revenue rose 2.6% in the display-technologies segment, which contains the LCD-TV glass operations, as profit was down 25% amid a restructuring and impairment charge. The telecom segment posted 10% higher revenue, and environmental technologies reported 6.4% lower revenue.Last year, Corning moved to diversify its revenue streams by paying about $730 million in cash to acquire the bulk of Becton Dickinson & Co.'s (BDX) lab-products business, snapping up a portfolio it said will significantly increase its presence in the life-sciences market. The Federal Trade Commission in October said Corning had to transfer assets and supply some of its laboratory products to another company to quell anticompetitive concerns tied to the Becton Dickinson deal.Shares closed at $12.15 Monday and were up 2.8% premarket. The stock has fallen 3.7% in the last 12 months. Sell Google, buy Apple?March 1, 2013, 9:15 AMAs noted in?Need to Know, Price Action blogger Michael Harris is broaching the possibility of a kind of ultimate tech pair trade.Harris looked at the correlation between Google??GOOG?-0.78%?and Apple?AAPL?-0.36%, the extent to which they move together. He found the 120-day rolling average correlation between the? two peaked in Jan. 2012 at 0.76. (A correlation of 1 means two assets are in perfect sync, while a correlation of -1 means they’re perfect opposites.)Now, 14 months later, correlation between Google and Apple has dropped sharply, to 0.27, setting up the possibility of a profitable play on the “reversion to the mean.”Harris cautions?that any conclusions are “premature at this point.”– Tom Bemis Harley-Davidson cut to neutral at GoldmanBy Steve GelsiNEW YORK (MarketWatch) -- Goldman Sachs analysts on Wednesday reduced their rating on Harley-Davidson Inc.?HOG?+0.26%?to neutral and removed it from their Americas buy list. Analysts noted the stock has risen 24% since they added it to their Americas buy list on Oct. 17. At current levels, the stock is trading near the top end of its traditional range, "which we believe limits upside potential," analysts said. "We remain confident in Harley-Davidson's ability to grow the top-line for the next several years on the back of a recovery in employment in the housing sector in the U.S., and continued growth in emerging markets where the brand is gaining traction," analysts said.? Intel, Cisco among tech’s Dow gainersBy?Rex Crum, MarketWatch?SAN FRANCISCO (MarketWatch) — Tech stocks put in a broad slate of gains Wednesday, advancing along with the broader market following reaction to the latest figures on private-sector jobs in the U.S.Among leading tech stocks, gains came from Intel Corp.?INTC?+0.67%?? Hewlett-Packard Co.?HPQ?+3.29%?, International Business Machines Corp.?IBM?+0.38%??and Cisco Systems Inc.?CSCO?+1.33%?. The four tech bellwethers’ gains added to the Dow Jones Industrial Average’s?DJIA?+0.19%??advance, with the index up by 35 points to 14,288.Click to PlayMossberg reviews the Roku 3While the Roku 3 doesn't provide users with YouTube or iTunes streaming, Walt Mossberg tells us it otherwise is an improvement over previous Roku models and gives a great user experience for those who stream video on their TVs.Also helping give the market a boost were the latest numbers on private-sector jobs from Automatic Data Processing Inc. The ADP report said the private sector added a better-than-expected 198,000 jobs in February.?See: Private-sector jobs growth beats expectations.Among other tech stocks, Tibco Software Inc.?TIBX?+9.62%???shares rose more than 10%, to $23.12, after Bank of America/Merrill Lynch analyst Kash Ragan raised his rating on the company to buy from neutral and reiterated his price target of $26 a share. Ragan said that with Tibco not warning on its quarterly results before the report’s March 21 release, the potential for a negative report has been limited.Groupon Inc.?GRPN?+1.15%?? ?rose 4.5%, to $5.91, as the online daily deal company continued to gain ground following last-Thursday’s firing of Chief Executive Andrew Mason.On Tuesday, Groupon Chief Financial Officer Jason Child told a tech conference that the company wasn’t planning on any major changes in strategy as it searches for a new CEO.?See: Groupon faces questions about future direction.Apple Inc.?AAPL?-0.58%??was off by almost 1%, at $427.25 a share, after Citigroup cut its estimates and price target on the stock due to a belief that iPhone and iPad sales are slowing.Microsoft Corp.?MSFT?-1.24%???shares were trimmed by 1.3%, to trade at $27.97. On Wednesday, the European Union fined the software giant $733 million for failing to offer consumers a choice of Web browser other than Microsoft’s own Explorer with new versions of the Windows operating system.The Nasdaq Composite Index?COMP?-0.04%?slipped by 2 points to 3,221, while the Philadelphia Semiconductor Index?SOX?+0.12%??eked its way into positive territory.? Nike initiated with neutral rating at WedbushNEW YORK (MarketWatch) -- Wedbush initiated coverage of Nike Inc.?NKE?+0.80%?on Tuesday with a neutral rating and a price target of $56. The firm cited caution for earnings per share in the second half of 2013 due to tough comparisons in the spring and summer, which could impact results compared with consensus estimates. "We believe that there are significant opportunities for NKE to continue to grow international market share, women's market share and to continue to improve its Direct operations," analyst Corinna Freedman said in the note.? Sprint Nextel loss widens on chargesBy MarketWatchSprint Nextel Corp.'s?S?+0.68%?fourth-quarter loss widened on charges from the expected shutdown of the Nextel network, but revenue topped consensus estimates as the wireless carrier earned more per contract user.Steep customer losses and costs from the shuttering of its older Nextel network have widened Sprint's losses in recent quarters. The third-largest U.S. wireless carrier agreed in October to sell a 70% stake to Japan's Softbank Corp. (9984.TO) for about $20 billion, seeking a capital infusion to better compete with its larger rivals.Sprint also agreed late last year to buy the half of Clearwire Corp. (CLWR) it doesn't already own in a $2.2 billion deal, but Dish Network Corp. (DISH) soon after made an unsolicited offer that valued all of Clearwire at about $4.85 billion. Wireless-broadband provider Clearwire said last week its special committee continues to evaluate both offers.Sprint reported a loss of $1.32 billion, or 44 cents a share, compared with a loss of $767 million, or 26 cents, a year earlier. The most-recent quarter included a charge of 13 cents a share related to Network Vision and the expected shutdown of the Nextel platform, as well as a penny related to the impacts from Hurricane Sandy. Revenue improved 3.2% to $9.01 billion.Analysts polled by Thomson Reuters had most recently forecast a per-share loss of 46 cents on revenue of $8.92 billion.Operating margin widened to negative 7.8% from negative 2.6%.The company lost 243,000 net contract subscribers in the fourth quarter, compared with losses of 456,000 in the prior quarter and a gain of 161,00 a year earlier. The Sprint brand added 401,000 contract customers while the Nextel platform lost 644,000 contract subscribers. The company ended the quarter with 55.6 million total customers, up 1.1% from a year earlier.The total contract customer turnover rate was 2.18%, up from 2.09% in the prior quarter and 1.98% a year ago. Average revenue per contract user rose 4.9% to $61.47 from $58.59 a year ago.Sprint sold about 2.2 million iPhones during the quarter with 38% going to new customers.Shares closed Wednesday at $5.77 and were inactive premarket. The stock has climbed 2.7% over the past three months. Wells Fargo increases quarterly dividendSAN FRANCISCO (MarketWatch) -- Wells Fargo & Co.?WFC?+0.18%?on Tuesday said it increased its quarterly dividend by 3 cents, or 14%, to $0.25 per share. The dividend is payable on March 1 to shareholders of record on February 1. Wells Fargo has about 5.3 billion shares outstanding, the company said. Yahoo clarifies work-in-office positionSAN FRANCISCO (MarketWatch) - Stung by criticism of its push to discourage employees from working from home, Yahoo Inc.YHOO?+0.13%?on Tuesday said that while the company does not comment on internal matters, the issue at hand is mainly about what's good for the Web portal. "This isn't a broad industry view on working from home -- this is about what is right for Yahoo, right now," a spokesperson told MarketWatch. The controversy erupted after AllThingsD reported that the company had asked employees who worked from home to starting coming to the office. "We need to be one Yahoo, and that starts with physically being together," the Yahoo human resources department memo said.? ................
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