Markets remain on edge as investors seek safety
NEW YORK - Volatility swept the financial markets again Monday as investors grew nervous about an amorphous government plan to buy $700 billion in banks' mortgage debt. Stocks fell sharply, taking the Dow Jones industrials down more than 370 points, while investors sought safety in hard assets such as gold and oil, which at one point shot up more than $25 a barrel.
Nations:Japan Germany France People:Christopher Dodd Henry Paulson Ben Bernanke Activities:U.S. Markets 2008 U.S. Financial Rescue
2008-09-22
S&P: Home prices drop by record 15.8 pct. in May
NEW YORK - Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened nationwide.
Nations:U.S. Activities:2007 Global Credit Crunch Source:(AP)
2008-07-29
Brangelina twins are million-dollar babes
PARIS - They are the ultimate million-dollar babes. Angelina Jolie and Brad Pitt's new twins, a girl and a boy born by Caesarean section on Saturday, are barely a few hours old but already their first photos are worth a fortune.
Nations:France People:Britney Spears Angelina Jolie Brad Pitt Activities:Pitt & Jolie Source:(AP)
2008-07-13
Yahoo spurns Microsoft again as bad blood boils
SAN FRANCISCO - Yahoo Inc. has rejected Microsoft's latest attempt to buy its online search operations in a "take or leave it" proposal that Yahoo said would have dismantled its Internet franchise.
Nations:U.S. People:Carl Icahn Activities:Microsoft - Yahoo Deal Source:(AP)
2008-07-13
Bill Gates: PC Genius, Internet Fool
Bill Gates, who for years was the richest man in the world, is also one of the smartest. But even he couldn't figure out how to beat the Internet-how to transition his grand old monopoly software company, Microsoft, into a business that thrives on the Net. And so he begins his retirement today from Microsoft as the PC era's biggest winner, and the Web era's most spectacular casualty.
People:Bill Gates Steve Ballmer Source:(Time)
2008-06-30
Bill Gates to sign off at Microsoft
SAN FRANCISCO (AFP) - Macintosh computer fanatics won't have Bill Gates to kick around anymore. The Microsoft co-founder whose boyish face and nerdy manner epitomizes the US software colossus spends his last day at the office on Friday.
People:Bill Gates Steve Ballmer Source:(AFP)
2008-06-27
Yahoo seeks Google's aid after Microsoft talks die
SAN FRANCISCO - Yahoo Inc. became Microsoft Corp.'s takeover prey largely because Google Inc. established such a commanding lead in the Internet's lucrative search advertising market.
People:Steve Ballmer Carl Icahn Sergey Brin Activities:Microsoft - Yahoo Deal Source:(AP)
2008-06-13
Yahoo ends all talks with Microsoft, shares plunge
SAN FRANCISCO - Yahoo Inc.'s efforts to revive takeover talks with Microsoft Corp. have reached a dead end, setting the stage for the Internet pioneer to turn over a piece of its advertising platform to online search leader Google Inc.
People:Steve Ballmer Carl Icahn Activities:Microsoft - Yahoo Deal Source:(AP)
2008-06-12
Icahn to seek removal of Yahoo CEO Yang
Billionaire investor Carl Icahn would seek to remove Jerry Yang as chief executive of Yahoo Inc (YHOO.O) if Icahn succeeded in a proxy battle against the company over its failure to reach a deal with Microsoft Corp (MSFT.O), The Wall Street Journal reported on Tuesday.
People:Carl Icahn Activities:Microsoft - Yahoo Deal
2008-06-03
Microsoft abandons Yahoo bid, rebuffing higher sale price
Microsoft Corp. has withdrawn its $42.3 billion bid to buy Yahoo Inc., scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader Google Inc.
People:Steve Ballmer Activities:Microsoft - Yahoo Deal
2008-05-03
Microsoft ups Yahoo offer above $31 per share
Microsoft Corp. finally dangled a higher takeover bid in front of Yahoo Inc. Friday, hoping to reach a friendly deal after weeks of saber rattling.
People:Steve Ballmer Warren Buffett Bill Gates Activities:Microsoft - Yahoo Deal
2008-05-03
Microsoft, Yahoo could reach weekend deal: sources
Microsoft Corp (MSFT.O) and Yahoo Inc (YHOO.O) are making last-minute efforts to seal a deal before Microsoft takes its Yahoo bid hostile or abandons it altogether, sources familiar with the matter said on Friday.
People:Steve Ballmer Activities:Microsoft - Yahoo Deal
2008-05-03
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