According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper to Blackrock. Reuters writes that Bernanke says that high foreclosure rates are…
Not all of the institutional money involved in the Yahoo! (YHOO) rejection of Microsoft’s (MSFT) bid are happy to sit on the sidelines. Several may launch a campaign to push out the…
Douglas A. McIntyre Yahoo!’s (YHOO) shares are off over 20% in trading in Germany after the portal company rejected an offer from Microsoft. According to Bloomberg."Citigroup Inc. and ThinkPanmure LLC analysts cut their ratings on…
Douglas A. McIntyre Google (GOOG) rules the search world in all but one important country. China not only has the largest population in the world, it has the largest number of people online totaling 221…
Pegging Yahoo!’s (NASDAQ: YHOO) potential financial exposure from shareholder lawsuits after it turned down an offer of about $33 from Microsoft (NASDAQ: MSFT) is hard. It starts with the difference between the…
According to Reuters. Warren Buffett says that US is in a recession and large banks will face more pain. Reuters writes that Yahoo! (YHOO) may face lawsuits after rejecting an offer from…
It’s official. At 7:56 PM Saturday night, Steve Ballmer of Microsoft (NASDAQ: MSFT) officially threw in the towel in its bid to acquire Yahoo! Inc. (NASDAQ: YHOO). Now that the details are…
According to several sources, Microsoft (MSFT) has dropped its offer to buy Yahoo! (YHOO). The Wall Street Journal writes that "Microsoft said it had increased its offer to $33 a share, but…
Douglas A. McIntyre Trying to make sense of all the rumors about Microsoft (MSFT) buying Yahoo! (YHOO) and Yahoo! making a search deal with Google (GOOG) is senseless.. Only three or four people are actually…
As hard as it may be to believe, the Dow is withing 200 points of where it was a year ago, and above where it was last August. There is now plenty…
According to Reuters, the CEO of Microsoft (MSFT) says that the company is close to its next move in its attempted takeover of Yahoo! (YHOO). Reuters reports that Wal-Mart (WMT) will use…
With a recession in full swing, Microsoft (MSFT), Sony (SNE), and Nintendo may have to cut the prices of the Xbox 360, Wii, and PS3. At least that is what the head…
According to Reuters, bank analysts are concerned that Citigroup’s (C) decision to raise money signals more trouble ahead for banks. Reuters reports that Starbucks (SBUX) will sharply cut the number of stories…
Microsoft (MSFT) may decide to pay $1.5 billion in payments to retain key employees at Yahoo!. (YHOO). According to Reuters "The $1.5 billion figure was discussed in a communication between the general…
Douglas A. McIntyre According to Reuters, the Fed will probably cut rates and them pause for some time Reuters writes that senior financiers see the current economic situation as a recession on Main Street and …
