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Business News: Most Emailed
Last update: 63 days, 6 hours ago
 
Microsoft says it withdraws offer for Yahoo
3 May 08, 20:30 ET
Reuters - Microsoft Corp withdrew its offer for Yahoo Inc on Saturday after negotiations fell through because Yahoo wanted more than the $33 a share that Microsoft was willing to offer.
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Microsoft abandons Yahoo bid, rebuffing higher sale price
3 May 08, 20:24 ET
AP - Microsoft says it's dropping its three-month-old bid to buy Yahoo because the two sides can't agree on an acceptable sale price.
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Buffett says Fed avoided chaos in Bear bailout
3 May 08, 18:40 ET
Reuters - Warren Buffett said on Saturday said the U.S. Federal Reserve avoided financial market "chaos" in coordinating the March bailout of Bear Stearns Cos , which faced imminent bankruptcy before agreeing to be acquired by JPMorgan Chase & Co .
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Buffett doesn't see CDS market collapsing
3 May 08, 15:55 ET
Reuters - Warren Buffett said on Saturday he does not expect the credit default swap market to collapse, and possibly throw financial markets worldwide into chaos.
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Buffett again rebuffs advocates who want Klamath dams out
3 May 08, 14:32 ET
AP - American Indian tribes and salmon fisherman were rebuffed a second time Saturday in their bid to win support from billionaire Warren Buffett for a proposal to remove four hydroelectric dams from the Klamath River.
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Buffett says Fed right to bail out Bear Stearns
3 May 08, 14:28 ET
Reuters - Warren Buffett on Saturday said the U.S. Federal Reserve was correct in deciding to bail out Bear Stearns Cos , the Wall Street investment bank that faced imminent bankruptcy before agreeing in March to be acquired by JPMorgan Chase & Co .
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Buffett says bought $4 bln of auction-rate debt
3 May 08, 13:53 ET
Reuters - Warren Buffett on Saturday said his Berkshire Hathaway (BRKa.N) (BRKb.N) holding company bought $4 billion of auction-rate securities during the market's recent distress.
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Shell, Repsol seek way out of Iran gas deal: report
3 May 08, 13:51 ET
AFP - European oil groups Royal Dutch Shell and Repsol YPF are under pressure from the United States to end talks with Iran about a multi-billion dollar natural gas deal, the Expansion newspaper reported Saturday.
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Buffett sees euro, sterling strong against dollar
3 May 08, 12:39 ET
Reuters - Warren Buffett said on Saturday he expects the euro and the sterling to hold their own against the U.S. dollar, in part because of U.S. fiscal and trade policies that weigh on the value of the greenback.
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Buffett and Munger fill arena for annual Berkshire meeting
3 May 08, 11:19 ET
AP - Billionaire Warren Buffett's shareholders always look forward to the time he spends answering questions at Berkshire Hathaway's annual meeting, a chance to learn from one of the world's most successful investors.
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Deutsche Telekom eyes up Sprint takeover
3 May 08, 11:01 ET
AFP - German telecommunications giant Deutsche Telekom is examining a possible bid for loss-making US mobile provider Sprint Nextel, Germany's Der Spiegel said Saturday.
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Can Virtual (Online) Connections Create Actual Global Change?
3 May 08, 10:00 ET
PRWeb - Global Non-Profit Seeks to Link Social Networking and Social Enterprise...
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JPMorgan says no near end to financial crisis: report
3 May 08, 09:25 ET
Reuters - JPMorgan Chase & Co does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday.
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Boeing to further delay 787 deliveries: report
3 May 08, 09:18 ET
Reuters - Boeing Co. has informed customers of another delay on its new 787 Dreamliner model, pushing it to 27 months behind schedule, according to a German newspaper report.
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D.Telekom eying possible Sprint buy: report
3 May 08, 07:51 ET
Reuters - Deutsche Telekom (DTEGn.DE) is looking at a possible purchase of U.S. wireless company Sprint Nextel , a German magazine said on Saturday.
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Shell, Repsol aim to leave Iran gas project: paper
3 May 08, 06:41 ET
Reuters - Royal Dutch Shell Plc (RDSa.L) and Spain's Repsol are negotiating with the Iranian government to pull out of a $10 billion natural gas project due in part to U.S. pressure, Spanish newspaper Expansion reported on Saturday.
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Chevron's 1Q profit of $5.17B marks Big Oil's latest gusher
3 May 08, 03:51 ET
AP - Astounding profits in the oil industry are becoming as routine as the anguished looks of motorists filling up their gas tanks.
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Economy shows resilience; jobless rate falls as dollar rises
3 May 08, 02:30 ET
AP - The economy showed off unexpected signs of resilience Friday as job losses slowed, the dollar gained a bit of muscle for a change and there were even indications that food prices may be easing. The unemployment rate dipped, though that may not last.
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Fed OKs plan to rein in unfair, deceptive credit cards
3 May 08, 02:02 ET
AP - The Federal Reserve and other regulators initiated steps Friday to end "unfair and deceptive" credit card industry practices assailing consumers who are already struggling to cope in a bad economy.
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Stocks give up gains from employment report to finish mixed
3 May 08, 01:55 ET
AP - Wall Street turned in a mixed performance Friday as investors set aside some initial enthusiasm over a stronger-than-expected jobs report to lock in some of their recent gains. Blue chip stocks logged their third weekly advance in a row as investors grew more confident about the economy's ability to outrun a deep downturn.
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Ford to offer buyouts to 1,300 workers in Illinois, Kentucky
3 May 08, 01:48 ET
AP - Ford Motor Co. will offer buyouts to about 1,300 workers at assembly plants in Chicago and Louisville, Ky., as part of the automaker's plan to adjust capacity with demand for its vehicles, a spokeswoman said Friday.
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Fed likely to prefer lending over interest-rate cuts
3 May 08, 00:46 ET
AP - The Federal Reserve's decision Friday to lend more to banks may be a sign that policy makers want to avoid cutting interest rates any further, as they combat a credit crisis that is far from over.
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