A big gain in Yahoo (NASDAQ: YHOO) shares led tech stocks higher on Wednesday. Yahoo jumped 10% after a shareholder said the company should to Microsoft (NASDAQ: MSFT), potentially doubling the value of Yahoo shares. And the broader market gained as
NEW YORK (Reuters) – Stocks rose in a choppy session on Wednesday as a rebound in oil prices and other commodities lifted energy, mining and materials shares, offsetting nervousness over whether Washington will agree on a bailout for ailing car makers.
WASHINGTON (Reuters) – U.S. lawmakers on Wednesday threatened to withhold the remaining half of the $700 billion of financial bailout cash unless Treasury Department officials do more to help homeowners avoid foreclosure and push banks to extend more credit to consumers.
So much for that “cocooning” theory that games would be the protected part of
the tech economy this holiday season. Electronic Arts warned investors today
that it would miss its fiscal 2009 targets, given lackluster holiday sales. But
MEXICO CITY (Reuters) – Mexico’s Bimbo is buying the U.S. breadmaking unit of Canada’s George Weston Ltd for $2.38 billion, extending its U.S. presence coast to coast with one of the biggest acquisitions in its history.
ATHENS (Reuters) – Riots erupted for a fifth day and strikes paralyzed Greece on Wednesday, as unrest ignited by the police shooting of a teenager was fueled further by resentment of economic hardship and government scandals.