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The Dow closed lower on Friday after General Motors reported hefty losses and new data showed U.S. employers cut jobs for the seventh straight month.
So after all the high drama, the passion, the verbal assaults, the hand-wringing, the concerns, worry and bitterness, Yahoo's shareholders have spoken. And they are resoundingly supporting the current board of directors. And I mean resoundingly...
This is inside the San Jose Fairmont's cavernous Imperial Ballroom. And I'm struck at the number of empty chairs here. The room holds 1,000 people. There might be 200 chairs taken. There are mountains of pastries outside the door. Most of it untouched.
I'm in downtown San Jose's Plaza Park, across from the Fairmont Hotel where today's Yahoo shareholder showdown will occur.
Tech watchers have their eye on the next big thing that could move the market Friday and whispers are swirling that it will come out of the Yahoo! shareholder meeting.
If such a thing exists this year, here's the stock to play it.
Investor Carl Icahn, who ran a heated proxy battle to unseat the Yahoo board and oust its chief executive, said he will not be attending the Internet company's annual meeting Friday.
So Exxon Mobil has just broken its own record again, reporting a mind-boggling $11.6 billion profit on $138 billion in sales. Windfall? Nope: Microsoft is three times more profitable than Exxon.
Sure the company and its nemesis, Carl Icahn, have joined forces so that bitter proxy contest could be eliminated. But that doesn't mean they've pushed their differences aside, or that general shareholder bitterness doesn't remain.
Yahoo has a lot of persuading to do Friday. At its annual meeting, Yahoo will have to show frustrated shareholders how it plans to move forward in the wake of dead-end buyout talks Microsoft. This against the background of Carl Icahn on its board and the sale of T. Boone Pickens Yahoo stake ahead of the meeting.
And Oracle. As the CEO explains, none of the company's peers can compete.
Sure, Apple’s on fire with one hot product. But Research in Motion plans to release seven smartphones in the next year. Looks like it’s time to buy RIMM.
Nintendo's quarterly profit rose 31.5 percent on the runaway success of its Wii game console, but the Japanese video game maker kept its annual outlook well short of market expectations.
SAP posted solid second-quarter results despite global economic turmoil and gave an upbeat 2008 outlook, sending shares in the world's biggest business software maker more than 6 percent higher on Tuesday.
Yahoo's second-largest shareholder is considering withholding votes for Chairman Roy Bostock and CEO Jerry Yang as disappointment over the Internet company's decision to shun a merger with Microsoft continues to create a rift among stakeholders, the New York Post reported.
Seven low-intensity bombs exploded across the Indian IT city of Bangalore on Friday, killing one person and wounding at least 15, police said.
Chief Executive Steve Ballmer on Thursday defended Microsoft's need to make heavy investments in its Internet businesses but said the company was "done," for now, with pursuing Yahoo.
Stocks tumbled more than 2 percent on Thursday after a report showing yet another drop in U.S. home sales prompted investors to take profits. What's the "Word on the Street?"
Microsoft will announce plans to expand its relationship with online social network Facebook to provide web search and search advertising, a source familiar with the matter said on Thursday.
Here are some thoughts on Microsoft's CEO Steve Ballmer and his comments to more than 250 Wall Street analysts this morning here in Redmon.