Reuters - Stocks finished little changed on
Friday as surging oil prices lifted energy shares and offset
data that showed consumer confidence sank to its lowest in 28
years.
Reuters - U.S. consumer confidence tumbled to a
28-year low this month as rising prices strained household
finances, while another drop in single-family housing starts
underscored problems still plaguing the economy.
Reuters - Investors suing Yahoo Inc
over its rebuff of Microsoft Corp's $47.5 billion
buyout bid have filed a new case that adds company co-founder
David Filo as a defendant, but they say much of their complaint
is being kept under seal at Yahoo's demand.
Reuters - Investment bank Lehman Brothers
Holdings Inc will begin cutting jobs starting next
week, CNBC Television reported on Friday, without citing
sources.
Reuters - Fannie Mae, the largest U.S. home
funding source, is setting a single national standard for down
payments on mortgages it buys, including areas where home
prices are falling, in an effort to stimulate the housing
market.
AP - Construction of new homes increased by the biggest percentage in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.
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Compuware 2.0 set as rebirth of company
(InfoWorld)
InfoWorld - Looking to sharpen its business focus, Compuware this week launched its "Compuware 2.0" campaign, which is being characterized by the 35-year-old software tools vendor as a rebirth of the company.
One Laptop Per Child Embraces Windows XP
(NewsFactor)
NewsFactor - One Laptop Per Child (OLPC) has entered into an agreement with Microsoft governing the installation of Windows XP on the nonprofit organization's low-cost XO laptops for use by impoverished children around the world.
More than 200,000 demand Microsoft save XP
(InfoWorld)
InfoWorld - In the four months since InfoWorld asked businesses and individuals to sign a petition at SaveXP.com requesting Microsoft keep Windows XP for sale beyond the planned June 30 general end-of-sales date, more than 200,000 have signed up to add their voices. As of May 15, the count was 200,805 signatures, excluding duplicates and fake signups.
AP - Yahoo Inc. Chief Executive Jerry Yang spent months fending off Microsoft Corp.'s unsolicited takeover bid. Now he may only have a few weeks to persuade the software maker to revive its last offer of $47.5 billion, or risk being fired in a shareholder mutiny led by activist investor Carl Icahn.