Wall Street struggled as oil prices flirted with new highs and a hi-tech merger was called into question. The Dow lost 44 points. The S&P 500 was little changed. But the Nasdaq saw a late day rally. A rebound in Yahoo helped the Nasdaq along. A Yahoo dissident shareholder said he would not try to put up an alternate slate of Board nominees, but billionaire investor Carl Ichan may be looking to launch his own proxy battle, according to CNBC. No confirmation was available from the Icahn camp. Yahoo rallied over 5 percent. Hewlett-Packard was the biggest drag on the Dow. Investors think HP's nearly $14 billion purchase of Electronic Data Systems is too rich. HP is down 10 percent in two days. Shares of EDS up one percent in Tuesday trade. Oil rallied to a record near $127 a barrel on Iranian supply concerns. But backed-off that high after the U.S. Senate overwhelmingly voted to stop filling the strategic reserve until prices fall to $75 a barrel. Crude settled at $125.80 a barrel....
Swiss-based UBS back in the bad books on Tuesday as sub prime problems continue to ripple through its operations. The bank said it was axing 5,500 jobs and selling billions of dollars of assets to...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura Holdings is to pay up to $525 million for Lehman's Asia Pacific franchise and is front-runner to...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and the...
TiVo, the popular U.S. television-recording device, is finally arriving in Canada in early December. - The TiVo set-top device, which allows viewers to record shows and skip commercials,...
Hong Kong shares rebound on Thursday(October 9), after recording a nearly 13 percent slide so far this week, helped by coordinated central bank action around the world and a raft of favourable...
Yahoo has finally given an answer to Microsoft - no thank you. The Internet media company called Microsoft's unsolicited $41 billion bid - too low- saying the cash and stock deal "substantially...
Japan's top mobile phone player, NTT docomo, is looking for overseas acquisitions amid tough competition at home. New CEO Ryuji Yamada says a recent 30% stake in a Bangladesh carrier is just the...
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily gain...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
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