No financial decision maker should ever rely solely on the financial information reported in the annual report to make decisions. It is important to keep abreast of financial news. This activity demonstrates how to search for financial news on the Web.

Address: biz.yahoo.com/i, or go to www.wiley.com/college/weygandt

Steps:

1. Type in either Wal-Mart, Target Corp., or Kmart.

2. Choose News.

3. Select an article that sounds interesting to you and that would be relevant to an investor in these companies.

Instructions

(a) What was the source of the article (e.g., Reuters, Businesswire, Prnewswire)?

(b) Assume that you are a personal financial planner and that one of your clients owns stock in the company. Write a brief memo to your client summarizing the article and explaining the implications of the article for their investment.