In the past few months several new names have come into the spotlight. Here are a few of them...beyond the big three to watch.» Read More
Yahoo's shares tumbled after Microsoft withdrew its $47.5 billion takeover offer, wiping out about $7.6 billion in market value and piling pressure on its leadership, especially CEO Jerry Wang.
Talk about a nerve-wracking couple of days for Yahoo investors, especially the ones who flooded into the issue on Friday on word that Microsoft was increasing its offer to $33 a share.
A source close to Yahoo disputes Microsoft's claims that the internet search company was aloof in its negotiations following Microsoft's unsolicitied bid, and says Microsoft's own timeline shows an active negotiation process, whether Microsoft liked it or not.
Now that Microsoft has withdrawn it's bid, the pressure is on Yahoo to prove it can revive its languishing stock price.
With Microsoft now walking away from its unsolicited bid for Yahoo, new details are emerging as to just how bizarre these negotiations -- or lack thereof -- have been since Microsoft first made the deal public three months ago.
For now, it seems Microsoft CEO Steve Ballmer has kept his passionate side in check in choosing to walk away from ahostile Yahoo offer.
A chronology of events leading to Microsoft's decision to abandon its offer for Web search and advertising competitor Yahoo:
"We continue to believe that our proposed acquisition made sense for Microsoft, Yahoo! and the market as a whole," said Microsoft CEO Steve Ballmer.
Microsoft, hoping to salvage a takeover of Yahoo, has reluctantly agreed to boost its offer to about $33 a share in cash and stock from $31, though Yahoo is holding out for $37, sources have told CNBC.
For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08.
Stocks closed mixed as profit-taking, oil's resurgence and downgrades on Sun put a lid on the post-jobs report rally.
Google unveils eclectic mix of designs by prominent artists
Stocks pulled back after rallying on better-than-expected April jobs report.
Money is moving out of commodities and into growth cyclicals such as technology and financials in anticipation of an economic recovery in the second half of 2009.
Stock index futures hovered around the unchanged mark Friday as investors waited for the latest employment numbers.
Microsoft Chief Executive Steve Ballmer said on Thursday that walking away from a deal with Yahoo remained one of "three big options" the company is weighing and to expect an announcement shortly.
Sure, Yahoo can do an ad deal with Google, but it still doesn't eclipse the offer from Microsoft.
Stocks continued to rally, pushing the Dow Jones Industrial Average past 13,000.
A reprieve of sorts for Yahoo! today with widespread reports that an apparent decision on Microsoft's next step in its unsolicited bid for the online leader was supposed to come at 4 pm EDT.
It's finally happening. The "long commodities/short dollar" trade that has been the primary trade for the past three months is clearly in the early stages of unwinding, and stock traders could not be happier. Money is leaving commodities and energy, and going to tech stocks and financial stocks.