|
|
| Home | Submit your software | Latest Software | Users Reviews | Drivers Download | Mobile Phones | News | Blog with Us | |
| News Categories |
|---|
| HotNews |
| Internet |
| Business |
| Technology |
| Science |
| Sport |
| Entertainment |
| Weekly Top 10 | |
|---|---|
| 1. | Samsung PC Studio |
| 2. | Global Downloader |
| 3. | Quick Slide Show |
| 4. | Internet Download Manager |
| 5. | LG Phone Manager |
| 6. | Clean MemXP |
| 7. | LG Desktop |
| 8. | AVG Anti-Virus Free Edition |
| 9. | BlueSoleil C |
| 10. | Mac Spoofer |
|
|
|
|
| Business News |
|---|
| House passes housing bill; Bush lifts veto threat
(Reuters)
|
| Amazon profit, sales above view and shares rise
(Reuters)
|
| SemGroup gets court OK for initial bankruptcy motions
(Reuters)
Reuters - SemGroup LP, an Oklahoma-based oil trading services company, on Wednesday said it received approval from the Bankruptcy Court for its initial motions related to its bankruptcy. |
| Microsoft exec who led Yahoo bid leaving company
(Reuters)
Reuters - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker. |
| China's Zhongxing in talks with GM, FAW: source
(Reuters)
Reuters - China's Hebei Zhongxing Automobile Co is in talks with General Motors and major Chinese automaker FAW Group to explore opportunities for cooperation, including equity ties, a source close to the situation said on Thursday. |
| Sluggish Economy Slows 'Somewhat' As Oil Squeezes Spending, Fed Reports
(Investor's Business Daily)
Investor's Business Daily - The economy has slowed "somewhat" as rising energy prices and the credit crunch force consumers to cut back, the Federal Reserve said Wednesday. |
| Icahn to fight Yahoo to accept Microsoft bid - 15, May 2008 | |
|---|---|
|
NEW YORK (Reuters) - Carl Icahn launched a proxy battle to force Yahoo Inc to reopen buyout talks with Microsoft Corp, the billionaire investor said in a letter to the Internet company on Thursday. NEW YORK (Reuters) - Financier Carl Icahn on Thursday launched a proxy battle 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.Icahn harshly criticized Yahoo for the breakdown in talks, saying he accumulated 59 million shares and options in Yahoo and assembled a 10-member dissident board slate for election at Yahoo's annual meeting on July 3."It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft," Icahn wrote in an open letter to Roy Bostock, Yahoo chairman. "It is obvious that Microsoft's bid of $33 per share is a superior alternative than Yahoo's prospects on a stand alone basis."But the New York-based billionaire left the door open for a settlement instead of a full-blown proxy battle, where both sides typically spend millions of dollars and unleash a barrage of negative charges against each other. He urged Yahoo to "move expeditiously to negotiate a merger with Microsoft, thereby making a proxy fight unnecessary."The move came just two weeks after Microsoft walked away from three-month talks to buy Yahoo in a bid to catapult it into a top provider of on-line commerce and services. But Microsoft's final $33-per-share offer wasn't enough to sway Yahoo CEO and co-founder Jerry Yang, who wanted $37 per share.Yahoo shares traded up on the news, which was well flagged in recent days. Shares were recently trading up 34 cents to $27.48, up 1.25 percent on Nasdaq.One analyst said Yang will face a rougher road dealing with Icahn, a blunt-spoken veteran financier known for bare-knuckle takeover tactics, than Microsoft CEO Steve Ballmer."If Jerry Yang had a tough time dealing with Steve, wait till he meets Carl Icahn," said Colin Gillis, a Canaccord Adams analyst.A bigger threat, said Gillis, is whether Microsoft is willing to come back to the table. "It's not clear that he has a buyer. We think that Microsoft has really walked away." 
(c) 2008 Reuters |
| Other news from Business category: |
|---|
|
| Software News |
|---|
| Attack Code Released for New DNS Attack
(PC World)
PC World - Attack code has been released for a major flaw in the Internet's DNS software. |
| Facebook to help some programmers, punish others
(AP)
|
| Facebook expands winning open platform formula
(AFP)
|
| Microsoft's Online Woes Hint at Larger Vulnerability
(PC World)
PC World - Microsoft has built its massive software business by watching other companies take the lead in emerging technology markets and... |
| Microsoft exec who led Yahoo bid leaving company
(Reuters)
Reuters - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker. |
| Sprint's Palm Centro Gets Software Update
(TechWeb)
TechWeb - InformationWeek - The update improves IMAP compatibility with Gmail, and provides an updated setup wizard for the Web-based e-mail. |
Copyright © 2006 Soft-Go.Com - All rights reserved.