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Merrill CEO: No need to raise more capital: report 5 May 08, 22:42 ET Reuters - Merrill Lynch & Co Inc sees no need for more capital as the subprime crisis nears an end, but expects U.S. banks with large exposure to consumers to be the next problem area, its chief executive told a Singapore newspaper. more Yahoo CEO open to more Microsoft talks 5 May 08, 22:32 ET Reuters - Yahoo Inc chief Jerry Yang signaled a more open stance towards Microsoft Corp on Monday, saying he had been seeking common ground when the software maker abruptly ended deal talks. more Sprint in M&A play, shares surge 5 May 08, 22:06 ET Reuters - Reports of a possible sale of Sprint Nextel Corp to Deutsche Telekom AG (DTEGn.DE) or a Nextel unit spinoff raised hopes of a reprieve for the embattled mobile operator, lifting its shares 10 percent. more Bernanke: High foreclosure rates hurt broad economy 5 May 08, 20:32 ET Reuters - Federal Reserve Chairman Ben Bernanke on Monday said conditions in mortgage markets remain strained, posing a threat to the economy, and urged steps be taken to prevent home foreclosure where possible. more Wal-Mart expanding its low-priced drug program 5 May 08, 20:08 ET Reuters - Wal-Mart Stores Inc expanded its low-priced drug program, saying on Monday that it is now offering more than 1,000 over-the-counter items for $4 or less and selling some 90-day generic prescriptions for $10. more Target sells stake in credit card receivables to JPMorgan 5 May 08, 19:53 ET AP - Target Corp. said Monday it will sell nearly half its credit-card receivables to JPMorgan Chase & Co. for $3.6 billion, a move the retailer had long resisted. more Tropicana Entertainment to file for Chapter 11 protection 5 May 08, 18:05 ET AP - The fallout from losing its New Jersey casino license will force the owner of Tropicana casinos in Atlantic City and Las Vegas to seek Chapter 11 bankruptcy protection, the company said Monday. more Merck to cut 1,200 sales jobs following regulatory setback 5 May 08, 18:01 ET AP - Merck & Co. said Monday it is eliminating 1,200 U.S. sales jobs, a move that comes a week after federal regulators' surprise rejection of an experimental cholesterol drug heavily touted by the pharmaceutical company. more Blu-ray Sales Stagnant, Unlikely To Improve in 2008 5 May 08, 16:39 ET NewsFactor - What if they called a war and no one showed up? Industry heavyweights may have fought hard on either side of the next-generation DVD battle, but consumers apparently have decided to take a pass. more Tighter lending overshadows services rebound 5 May 08, 16:37 ET Reuters - The U.S. service sector grew in April for the first time in four months, according to a report on Monday that was overshadowed by a dour Federal Reserve survey showing the banking sector remained in the grips of a credit crunch. more T-Mobile Begins Rolling Out a U.S. 3G Network in New York 5 May 08, 16:32 ET NewsFactor - T-Mobile has launched its third-generation UMTS/HSDPA network in New York City and plans to roll it out across major metropolitan areas through the year. more Fed says banks still tightening loan standards 5 May 08, 16:19 ET Reuters - Banks in the United States kept tightening lending standards and terms for both business and consumer loans over the past three months out of concern about a weakening economic outlook, according to a Federal Reserve survey issued on Monday. more Countrywide shares down amid doubt on BofA buyout 5 May 08, 16:11 ET AP - Shares of Countrywide Financial Corp. tumbled Monday after one Wall Street analyst said Bank of America Corp. should abandon its proposed takeover of the struggling mortgage lender and another suggested the deal would likely be renegotiated for a lower price. more Groups seek to stop oil exploration off Alaska 5 May 08, 16:05 ET AP - Alaska Native and environmental groups are suing to stop exploration by oil companies this summer in Arctic waters frequented by whales and other marine species. more Federal Reserve reports tighter bank lending standards 5 May 08, 15:24 ET AP - The Federal Reserve reports that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis. more Sun Challenges Linux Vendors With OpenSolaris 5 May 08, 15:22 ET NewsFactor - Sun Microsystems on Monday released the OpenSolaris operating system. Some industry analysts are suggesting the community-developed platform based on Sun's Solaris kernel could give Linux a new challenge. more Prosecutors in NY form subprime task force 5 May 08, 15:22 ET Reuters - Federal prosecutors in New York have formed a task force together with other government agencies to examine the collapse of the market for risky home loans, a spokesman for the U.S. Attorney's Office in Brooklyn said on Monday. more EADS shares fall sharply after report of more A380 problems 5 May 08, 12:42 ET AFP - Shares in European aerospace giant EADS fell sharply on Monday after reports that its Airbus unit faces more production delays on its A380 super jumbo, the world's largest passenger aircraft. more Japan must drop tariffs on Hynix semiconductors by Sept: WTO 5 May 08, 12:34 ET AFP - Japan must drop punitive tariffs on imports of semiconductors made by South Korean firm Hynix by September 1, a World Trade Organisation arbitrator ruled Monday. more UAW strikes GM Kansas plant making Chevy Malibu 5 May 08, 11:49 ET Reuters - General Motors Corp union workers at a Kansas assembly plant making the hot-selling Chevrolet Malibu went on strike Monday morning, the automaker and the union said. more Nation's service economy unexpectedly expanded in April 5 May 08, 11:32 ET AP - The nation's service economy unexpectedly expanded in April after contracting for the previous three months. more Senators call for EPA to consider ethanol mandate waiver 5 May 08, 11:28 ET AP - Senate Republicans on Monday asked environmental regulators to use their power to halt the country's ethanol output expansion plans amid rising food prices. more D.Telekom pressed to do M&A, looks at Sprint: sources 5 May 08, 11:00 ET Reuters - Deutsche Telekom AG's major shareholder, the German state, is pressing it to make large acquisitions in the hope of raising its sagging share price, a source familiar with the government's thinking said. more Yahoo shares plunge after Microsoft's exit 5 May 08, 10:51 ET Reuters - Yahoo Inc's shares tumbled as much as 20 percent on Monday after Microsoft Corp withdrew its $47.5 billion takeover offer, wiping about $7.6 billion off the Internet company's market capitalization and piling pressure on its leadership. more Marvel Entertainment profit beats Street estimates 5 May 08, 10:47 ET Reuters - Marvel Entertainment Inc , which licenses comic-book characters, posted a better-than-expected quarterly profit on strong global demand for its products, and also raised its 2008 outlook, sending its shares up 8 percent. more Workers strike at GM's Fairfax plant with talks at impasse 5 May 08, 10:39 ET AP - Members of a United Auto Workers union local went on strike Monday at General Motors' Fairfax facility - hitting the plant that makes GM's popular Malibu sedan. more ADB chief warns a billion Asians at risk from soaring food prices 5 May 08, 08:44 ET AFP - The head of the Asian Development Bank called on Monday for an "immediate response" to soaring food prices which he said threatened more than a billion Asians with a risk of malnutrition. more Yahoo shares fall 21 pct after Microsoft deal exit 5 May 08, 08:27 ET Reuters - Yahoo Inc's shares tumbled 22 percent in premarket trading on Monday after Microsoft Corp withdrew its $47.5 billion takeover offer for the Internet search and media company. more Stocks head for lower open after Microsoft pulls Yahoo bid 5 May 08, 08:17 ET AP - Wall Street headed for a lower open Monday, with investors downbeat about Microsoft Corp.'s withdrawal of its bid for Yahoo Inc. over the weekend. more More big losses expected from Fannie, Freddie 5 May 08, 08:12 ET Reuters - Fannie Mae and Freddie Mac, reeling from the deterioration in the housing market, will likely post steep losses for the first quarter, but the two largest home funding companies are expected to escape previous record losses. more The [Virtual] Global Office 5 May 08, 08:08 ET BusinessWeek Online - It's not always easy to get new employees to mix well with co-workers -- especially when they're scattered across the globe or speak different languages. Few companies know this as well as IBM , the computer services provider that last year alone added 20,000 new staff members, many from Brazil, China, India, and Russia. more Market set to fall after Yahoo bid dropped 5 May 08, 07:55 ET Reuters - Stocks looked set to open lower on Monday after Microsoft Corp dropped its bid for Yahoo Inc , clouding the outlook for mergers and acquisitions and sending Yahoo shares down more than 21 percent. more BofA may renegotiate Countrywide deal price: Friedman 5 May 08, 07:28 ET Reuters - Bank of America Corp is likely to renegotiate its deal to buy Countrywide Financial Corp down to the $0 to $2 level or completely walk away from it, said Friedman, Billings, Ramsey, which downgraded Countrywide to "underperform" from "market perform." more Wal-Mart expands low-priced drug program 5 May 08, 07:25 ET AP - Wal-Mart Stores Inc., the world's biggest retailer, said Monday it will offer 90-day prescriptions for $10 and lower the prices of more than 1,000 over-the-counter medications to $4 or less. more Survey finds gas prices up about 15 cents over past 2 weeks 5 May 08, 06:59 ET AP - The national average price for regular gasoline rose about 15 cents in the last two weeks, according to a survey. more Oil rises near $117 on supply fears 5 May 08, 06:41 ET AP - Oil prices rose Monday, supported by weekend news of an attack on a Nigerian oil installation, but with gains limited by a stronger U.S. dollar. more Dollar, global stocks lose ground after Friday gains 5 May 08, 06:21 ET Reuters - The dollar and European stocks weakened slightly on Monday in holiday-thinned markets while euro zone government bonds rose after positions became oversold following Friday's better than expected U.S. employment data. more Central bankers doubt they can act on food prices 5 May 08, 05:53 ET Reuters - Food price inflation may be one of the most serious problems facing the world, but one that monetary policy has little power to tackle, central bankers said on Monday. more Nokia to offer "a lot of" new phones in the U.S. 5 May 08, 04:59 ET Reuters - Nokia (NOK1V.HE) is going to introduce many new phone models through U.S. carriers in coming months to grab a bigger share of the lucrative cell phone market, the Finnish phone maker said on Monday. more Yahoo shares plunge after Microsoft drops bid 5 May 08, 04:44 ET Reuters - Shares in Yahoo Inc fell almost 20 percent in Frankfurt on Monday after Microsoft Corp walked away from its bid for the Internet company. more United Airlines may ask for credit revision: report 5 May 08, 04:36 ET Reuters - UAL's United Airlines is mulling asking its banks to rejig the terms of its credit facility in an effort to get crucial financial flexibility, the Financial Times reported on Monday. more U.S. in "awfully pale recession," Greenspan quoted 5 May 08, 03:00 ET Reuters - The United States has fallen into an "awfully pale recession" and may remain stagnant for the rest of the year, former Federal Reserve chairman Alan Greenspan was quoted on Monday saying. more Tom Cruise Launches Official Tomcruise.Com Website 5 May 08, 03:00 ET PRWeb - The Official Tom Cruise website launches at 9 a.m. PST today at www.TomCruise.com with an exclusive and celebratory 27 year career retrospective Tom Cruise video reel of movie clips spanning from Taps to Lions for Lambs. more LaSalle Bank brand to disappear as BofA takes over 5 May 08, 00:19 ET AP - Bank of America Corp. will officially mark its $21 billion purchase of Chicago's LaSalle Bank Corp. on Monday, taking down LaSalle's green and yellow colors for the blue and red of Bank of America. more

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