Key to the turnaround was the assiduous courting of business, especially industries that create local wealth, such as tourism, media, property and especially finance.

ECONOMIST: A city in need of fearless leadership

Yahoo CEO, Jerry Yang, said the world's ailments have prompted cuts in marketing, especially in finance and retail.

NPR: Yahoo Posts Sharply Lower Profits

The whole concept of self-regulation through self-interest is now dead, especially in finance but probably in other industries as well.

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