Reuters - Stocks fell in skittish trading on
Wednesday, led by financial services company shares, while
rebounding oil prices fed concerns about the toll of higher
energy costs on business and consumer spending.
Reuters - Merrill Lynch & Co will
determine exactly how much of its stakes in BlackRock Inc
and Bloomberg LP to sell based on how deep its second
quarter loss is, a person briefed on the matter said on
Wednesday.
Reuters - It is hard to know how far the
global financial crisis still has to run, with the extent of
further credit losses hinging on what happens to the U.S.
housing sector, IMF chief Dominique Strauss-Kahn said on
Wednesday.
Reuters - Germany's GfK Holdings AG said
on Wednesday it wants to make a better offer for Britain's
Taylor Nelson Sofres TNS than Martin Sorrell's
advertising group WPP.
Reuters - Oil rose $2 to around $138 a barrel on
Wednesday, partly recouping a $5 drop in the previous session,
after Iran said it had test-fired missiles that could reach
Israel and U.S. bases in the region.
Reuters - A flurry of visits by Chinese leaders
to cities hit by sluggish exports and a reported tax rebate for
textile exporters are being interpreted by the market as
signals that Beijing might cautiously ease tight economic
policies.
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Reuters - Microsoft Corp introduced on
Wednesday pricing for its suite of online services targeted at
corporate customers and a revenue-sharing plan to encourage
other companies to sell the software company's products.
AFP - Google has rolled out a challenge to virtual world giant Second Life with free software that lets people create their own online 3D worlds that can be embedded on websites and melded with other online functions.
Reuters - Video game publisher Electronic
Arts Inc said on Tuesday it complied with a
regulator's request for more information on its Take-Two
Interactive Software Inc bid, moving a step closer to
buying its rival.
VMware shares plunge on CEO change, slowing growth
(AP)
AP - VMware Inc. abruptly replaced co-founder Diane Greene as chief executive Tuesday and lowered its sales outlook, triggering alarms that pounded the business software maker's shares to their lowest depths since the company's lucrative public offering 11 months ago.