Member 5252


Icahn to battle Yahoo to accept Microsoft bid (Reuters)

16-05-2008 06h06
Reuters - Financier Carl Icahn launched a proxy battle on Thursday to force Yahoo Inc to reopen buyout talks with Microsoft Corp , saying the Yahoo board had acted "irrationally" in refusing its $47.5 billion offer.

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 reach deal on housing rescue: sources (Reuters)

16-05-2008 08h21
Reuters - Leaders of the Senate Banking Committee on Thursday reached a deal on a broad housing rescue plan in which Fannie Mae and Freddie Mac would support a federal mortgage insurance fund, two industry sources said.

Industrial output falls, second time in 3 months (AP)

16-05-2008 07h58
AP - Industrial output plunged in April as factories making everything from autos to heavy machinery felt the adverse effects of the weak economy. Analysts held out hope that production will revive in the second half of the year, helped by the government's economic stimulus checks.

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.
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