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A Microsoft deadline for Internet service company Yahoo to accept its $44.6 billion acquisition offer expired at midnight Saturday, setting the stage for a hostile takeover bid by the software giant.
The stock market will likely start the week on a hesitant note with Wall Street facing the first Federal Reserve interest-rate decision in many months not knowing that a cut is likely guaranteed.
You may think it's all about the Fed in the week ahead, but other key economic news will keep the markets on edge. Data to watch includes first quarter GDP Wednesday; Friday's jobs report for April; another big rush of corporate earnings reports, including from big oil and media companies. Other economic data: consumer confidence for April, released Tuesday, and the S&P Case Shiller report on housing prices.
Terrible consumer sentiment, more record oil and Microsoft's weak earnings weren't enough to keep Friday's market down. But what's in store for next week?
Stocks finished higher for the week, helping major indexes transcend recent highs, as financials gained and the dollar showed signs of recovery.
Hours away now from the Microsoft imposed deadline for Yahoo to negotiate or die. Too dramatic? Not really when you're talking about $40 billion hanging in the balance as well as the future dominance of all things digital.
Stocks were slightly lower Friday, dragged down by a disappointing outlook from Microsoft and a souring consumer mood. American Express jumped after beating forecasts. Oil topped $119 a barrel.
Stocks were slightly lower Friday, dragged down by a disappointing outlook from Microsoft and a souring consumer mood. American Express jumped after beating forecasts.
Could the dollar have troughed this week? There are some who think that might be the case after Tuesday's new low, and Thursday's dramatic reversal in the dollar.
Microsoft is considering launching a hostile bid for Yahoo as early next week if Yahoo does not begin talks soon, Chief Financial Officer Chris Liddell said on Thursday.
Microsoft follows Apple's lead -- when have you heard that before? -- reporting a good, but not good enough, quarter. And investors are taking profits off the table. Microsoft did beat Street expectations on the bottom line. ... So where was the weakness? That's the issue...
Microsoft beats expectations but lowers its forecast, Apple surges, the greenback makes a big comeback and more in Thursday's Word on the Street.
Microsoft reported a rise in earnings that beat expectations, but the company's shares declined by more than 5 percent as its outlook disappointed investors.
Talk about drama: Microsoft's $44 billion offer for Yahoo is coming down to the line and CEO Steve Ballmer is talking tough. If that wasn't enough, Ballmer hinted about a new lease on life for Windows XP.
The last couple of quarters have been remarkably strong for Microsoft, and there's every indication that the company will post an equally strong third quarter earnings report after the bell on Thursday. ... Expect some good theater.
How should you trade Microsoft ahead of earnings Thursday after the bell?
Stocks closed higher Wednesday, with Boeing landing the top-gainer spot on the Dow after a solid quarterly report from the jet maker. Techs rallyied ahead of key earnings from Apple and Amazon.
Microsoft is prepared to walk away from its $43.6 billion bid for Yahoo if the two sides can't agree on a price, Chief Executive Steve Ballmer said Wednesday.
Stocks ticked higher Wednesday, with Boeing landing the top-gainer spot on the Dow after a solid quarterly report from the jet maker. Techs rallyied ahead of key earnings from Apple and Amazon.
Stocks ticked higher Wednesday, with Boeing landing the top-gainer spot on the Dow after a solid quarterly report from the jet maker.