Microsoft CEO says Yahoo buy was never strategic
May 23, 2008 07:45 AM ET
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MOSCOW (Reuters) - Microsoft Corp Chief Executive Officer Steve
Ballmer said on Friday the company had never seen buying Yahoo
as strategic, and dropping the bid meant it now had $50 billion
to spend on other acquisitions.
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Market set to fall as oil prices rebound
May 23, 2008 07:49 AM ET
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NEW YORK (Reuters) - Stock index futures fell on Friday, suggesting
Wall Street will end the week lower, as crude oil prices resumed
their climb, leaving investors on edge about inflation before
a long holiday weekend.
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Halliburton offers $3.4 bln for Expro, tops Candover
May 23, 2008 08:35 AM ET
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LONDON (Reuters) - British oil field services firm Expro International
, which agreed to a takeover in April, said it had received
a higher approach worth 1.7 billion pounds ($3.4 billion) from
U.S. rival Halliburton .
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Fannie Mae mortgage commitments soared in April
May 23, 2008 08:21 AM ET
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NEW YORK (Reuters) - Fannie Mae , the largest provider of financing
for U.S. home loans, on Friday said its commitments to buy mortgages
soared to $30.7 billion in April.
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Competition watchdogs see bigger role for consumer
May 23, 2008 08:28 AM ET
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ST GALLEN, Switzerland (Reuters) - A study saying consumers should
play a bigger role in reviewing mergers and antitrust cases
won a positive response from some competition authorities and
experts on Friday.
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Merrill Lynch sets up group to shed bad assets
May 23, 2008 01:05 AM ET
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NEW YORK (Reuters) - Merrill Lynch & Co Inc is setting up
a group to get rid of troubled or underperforming assets and
named U.S. fixed income sales head Doug Mallach its head, according
to an internal memo.
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Moody's shifts debt analysts as banks complain: WSJ
May 23, 2008 08:19 AM ET
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(Reuters) - Moody's Corp's credit rating unit Moody's Investors
Service switched analysts from covering deals of particular
investment banks after the banks requested changes, the Wall
Street Journal said on Friday, citing people familiar with the
matter.
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Oil rallies, weaker dollar helps
May 23, 2008 07:57 AM ET
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LONDON (Reuters) - Oil rallied towards $133 a barrel on Friday,
on a weaker dollar and as nagging concerns about stagnating
production in Russia and other countries outside the OPEC group
continued.
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Home prices drop, jobless rolls at 4-year high
May 23, 2008 01:12 AM ET
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WASHINGTON (Reuters) - U.S. home prices fell a record 1.7 percent
in the first quarter and the number of workers on jobless benefit
rolls held at a four-year high, underscoring the economy's woes,
data on Thursday showed.
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American Axle contract ratified, strike ends
May 22, 2008 11:27 PM ET
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DETROIT (Reuters) - Workers at American Axle & Manufacturing
Holdings Inc on Thursday ratified a contract that cuts wages
and costs, ending an 87-day-strike with a vote by the auto supplier's
main Detroit plant to back the deal.
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