Member 3991


Icahn's Yahoo fight puts Microsoft in driver's seat (Reuters)

16-05-2008 10h04
Reuters - Two weeks after Microsoft Corp abandoned its pursuit of Yahoo Inc , a proxy fight launched by activist investor Carl Icahn has put Microsoft in the driver's seat.

Oil's fall, techs' gain drive stocks higher (Reuters)

16-05-2008 06h52
Reuters - Stocks rose in light trading on Thursday, pushing the S&P 500 to its highest close since January, as a pullback in oil prices eased concerns about inflation and a battle to control Yahoo Inc helped the tech sector.

CBS to buy web publisher CNET for $1.8 billion (Reuters)

16-05-2008 06h48
Reuters - CBS Corp said on Thursday it would buy web media company CNET Networks Inc for about $1.8 billion to boost the television broadcaster's reach across the Internet.

Berkshire holds no Ameriprise shares: SEC filing (Reuters)

16-05-2008 06h20
Reuters - Berkshire Hathaway Inc (BRKa.N), billionaire Warren Buffett's investment company, no longer held any Ameriprise Financial Inc stock as of March 31, according to a U.S. regulatory filing on Thursday.

Senators say have accord on housing rescue (Reuters)

16-05-2008 10h19
Reuters - Leaders of the U.S. Senate Banking Committee said on Thursday they have agreed to the underpinnings of a housing rescue plan that will create a federal backstop for failing loans.

UN: World economy to grow by 1.8 percent in 2008 (AP)

16-05-2008 13h07
AP - The world economy is "teetering on the brink" of a severe downturn and is expected to grow only 1.8 percent in 2008, the United Nations said in its mid-year economic projections Thursday.

French bank Natixis reports profit slump on another subprime hit (AFP)

15-05-2008 18h13
AFP - French investment bank Natixis said on Thursday its first-quarter earnings plunged 88 percent after it had to take further write-downs on its exposure to the US subprime home loan crisis.

Department stores hurt by slumping apparel sales (AP)

16-05-2008 09h37
AP - Department store stalwarts J.C. Penney Co., Nordstrom Inc. and Kohl's Inc. all reported steep drops in first-quarter profits on Thursday as Americans snub apparel to focus on basic necessities at discounters in a challenging economy.
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