Ukraine appeared to be close to a deal Friday that would bring an end to deadly clashes that have rocked Kiev in recent days. Ukrainian officials said a deal had been agreed upon after overnight talks between Ukrainian officials, representatives from the opposition forces and European and Russian officials. Some Western diplomats expressed some caution that a deal may not be as close as Ukrainian officials have stated. Meanwhile, Standard & Poor's cut Ukraine's foreign-currency rating one notch to CCC from CCC-plus. S&P also warned Ukraine’s government is expected to default on its foreign-currency obligations. Yahoo Finance Editor in Chief Aaron Task and Lauren Lyster analyze the impact the deal and the downgrade are likely to have on Ukraine as well as the potential broader impact.
Other early headlines the Yahoo Finance! team is watching this morning: Amazon (AMZN) is reportedly in talks with some unexpected partners. The Wall Street Journal reported that Amazon is trying to win over retailers like Abercrombie & Fitch (ANF) and Neiman Marcus to bring listings for their merchandise onto Amazon. What this video to find out why some are calling it a deal with the devil for the retailers.
And Under Armour (UA) was back in the headlines. The company defended itself against claims that its racing suits were to blame for the poor performance of the U.S. Olympic speedskaters, even as the company re-upped its deal to produce speed-skating suits for the U.S. team. The company CEO Kevin Plank told USA Today: "it was a bit of a witch hunt" and "the suit became the witch." In our poll today, tell us: who's to blame for the U.S. shutout in speedskating? Cast your vote and post your comments below as well.