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Microsoft sought on Friday to enlist support for its opposition to a new advertising collaboration deal between Google and Yahoo, two sources familiar with the matter told Reuters.
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Microsoft is still open to negotiating with Yahoo after offering $1 billion in cash to buy its search business in a deal that would have delivered $1 billion in additional annual operating income to Yahoo.
Stocks rallied to the finish Friday, led by financials and techs, as a tame core-inflation reading and lower oil helped the market end a chaotic week on a high note.
The Dow closed higher after retreating oil prices and a tame reading of core U.S. consumer prices eased inflation fears. What's the "Word on the Street?"
For the week ending Friday, June 13, 2008, the markets were mixed on varied economic news, renewed credit concerns from Lehman and the financial sector, and of course, oil. A surprise increase in retail sales gave hope for economic growth and a rising CPI suggested a potential rate move on the horizon that could strengthen the dollar and begin to tame inflation.
Stocks regained lost ground heading into the final hour of trade, with lower oil boosting financials and a host of other beaten-down sectors as Wall Street bid to finish a seesaw week slightly higher.
Stocks continued a solid rally Friday, boosted by falling oil prices and investors who swooped in to snatch up battered financial stocks.
With the CPI numbers coming in higher than expected and consumer sentiment coming in lower than expected, why are the markets up today? Maybe Friday the 13th has something to do with it...
After Microsoft and Yahoo's drawn-out acquisition dance officially ended Thursday, Yahoo partnered with Google. Yahoo lost out on Microsoft's $47 billion dollar offer and instead made a more modest deal with the online ad behemoth.
Anthony Weiner is sponsoring a bill that gives models “of distinguished merit and ability” their own visa classification (P-4 status) which would group them with entertainers and athletes.
U.S. sales of video game hardware and software were $1.12 billion in May, up 37 percent from a year earlier, with Take-Two Interactive's "Grand Theft Audio 4" the best-selling title for the month, market researcher NPD said in a report on Thursday.
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According to Jeffrey Lindsay, Senior Analyst at Sanford C. Bernstein, Yahoo is the big loser in the following period of uncertainty.
After another volatile Wall Street session, Dylan labels Thursday "a big fiasco," with the lion's share of the blame going to the Microsoft-Yahoo crash-and-burn. Any possible deal has been aborted for the second and -- very likely -- last time.
I can only imagine the number of bloody scalps on Wall Street tonight as investors scratch their heads over Yahoo's decision to align with Google.
Carl Icahn holds the key to a Microsoft buyout.
Google announced a non-exclusive advertising services agreement with Yahoo, only hours after a decision by Microsoft to walk away from talks to acquire Yahoo.
The markets seesawed amid mixed economic and financial news on Thursday.
Stocks pulled back following news that the Microsoft-Yahoo deal is off. Earlier, the market had rallied as oil prices receded, retail sales came in better than expected and merger in the beverage industry got investors jazzed up.