US stock index futures pointed to a lower open on Wall Street Friday, after strong gains in the previous session, as investors waited nervously for news from a meeting of global finance ministers this weekend.
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Yahoo has been contacted by potential bidders, including private equity firm Silver Lake, for part or all of the Internet company, the Wall Street Journal reported Thursday, quoting unnamed sources.
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Stocks closed off their best levels but were still sharply higher Wednesday in another volatile session after Greek, French and German leaders renewed their pledges to aid Greece, soothing investor fears over recent rumors of a default.
The private sector has walked away from Europe as sovereign credit erodes in the euro zone and piled into cash. Fixing the European crisis will take at least five to 10 years, said Larry Fink, Chairman and CEO of BlackRock.
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Futures were higher Wednesday as investors were encouraged by the European Commission that said it would present options for joint euro zone bonds and largely shrugged off retail sales that came in weaker than expected.
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Stocks rallied in the final hour to finish near session highs Monday, erasing their earlier losses in choppy trading, following an FT report that China was in talks with Italy to purchase its bonds.
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Like newspapers, portals like AOL and Yahoo are confronting the cold fact that there is less general interest in general interest news. Readers have peeled off into verticals of information — TMZ for gossip, Politico for politics and Deadspin for sports, and so on. The New York Times reports.
Stocks opened lower Monday amid heightened concerns that Greece is not doing enough to avoid default grow and as European banks hit their lowest level since March 2009.
Stocks closed firmly in the red Friday amid fears that Greece may default on its debt and following news that ECB's Juergen Stark will resign.