Icahn to battle Yahoo to accept Microsoft bid (Reuters)
2 hours ago
Reuters - Financier Carl Icahn launched a proxy battle on Thursday to force Yahoo Inc to reopen buyout talks with Microsoft Corp , saying the Yahoo board had acted "irrationally" in refusing its $47.5 billion offer.


Oil's fall, techs' gain drive stocks higher (Reuters)
Posted 1 hours ago
Reuters - Stocks rose in light trading on Thursday, pushing the S&P 500 to its highest close since January, as a pullback in oil prices eased concerns about inflation and a battle to control Yahoo Inc helped the tech sector.

CBS to buy web publisher CNET for $1.8 billion (Reuters)
Posted 1 hours ago
Reuters - CBS Corp said on Thursday it would buy web media company CNET Networks Inc for about $1.8 billion to boost the television broadcaster's reach across the Internet.


Berkshire holds no Ameriprise shares: SEC filing (Reuters)
2 hours ago
Reuters - Berkshire Hathaway Inc (BRKa.N), billionaire Warren Buffett's investment company, no longer held any Ameriprise Financial Inc stock as of March 31, according to a U.S. regulatory filing on Thursday.


Senators reach deal on housing rescue: sources (Reuters)
2 hours ago
Reuters - Leaders of the U.S. Senate Banking Committee have reached a deal on a broad housing rescue plan in which Fannie Mae and Freddie Mac would provide funds to support a federal mortgage insurance fund, two industry sources said on Thursday.


Nordstrom 1Q profit sinks 24 pct on economy (AP)
3 hours ago
AP - Luxury retailer Nordstrom Inc. said Thursday its profit fell 24 percent in the first quarter, as recession rumblings in the U.S. crimped even wealthier consumers' shopping habits.


French bank Natixis reports profit slump on another subprime hit (AFP)
14 hours ago
AFP - French investment bank Natixis said on Thursday its first-quarter earnings plunged 88 percent after it had to take further write-downs on its exposure to the US subprime home loan crisis.


Nordstrom 1Q profit sinks 24 pct on economy (AP)
3 hours ago
AP - Luxury retailer Nordstrom Inc. said Thursday its profit fell 24 percent in the first quarter, as recession rumblings in the U.S. crimped even wealthier consumers' shopping habits.