Sunday, February 3, 2008

Business

MSNBC
Silicon Valley Memo Yahoo Deal Is Big, but Is It the Next Big Thing?
New York Times - 7 hours ago
By JOHN MARKOFF SAN FRANCISCO - In moving to buy Yahoo, Microsoft may be firing the final shot of yesterday’s war. DealBook’s full coverage of Microsoft’s unsolicited $44.6 billion offer for Yahoo, what it means and how it might play out.
Microsoft-Yahoo the mother of all clusterbombs CNET News.com
Microsoft Investors Don't See Gains From Yahoo Deal Bloomberg
ABC News - Forbes - Washington Post - BusinessWeek
all 2,464 news articles » MSFT - YHOO - GOOG
Big Loans, Lower Rates
Wall Street Journal - 7 hours ago
By JEFF D. OPDYKE The government's new economic stimulus package is likely to benefit some people buying or refinancing a house -- but not all.
Fannie and Freddie Financial Times
Total compensation of Fannie Mae CEO down in 2007 Bizjournals.com
Boston Globe - San Francisco Chronicle - FOXBusiness - Sarasota Herald-Tribune
all 26 news articles » FNM

Calgary Herald
Wesley Snipes Is Acquitted of Tax Felonies
New York Times - Feb 1, 2008
Phil Sandlin/AP By DAVID CAY JOHNSTON OCALA, Fla. - The actor Wesley Snipes was acquitted of the most serious charges against him on Friday in the most prominent tax prosecution since Leona Helmsley, the billionaire hotelier, was convicted of tax fraud ...
Snipes acquitted of tax fraud CNN International
Snipes Verdict In: A Little Guilty E! Online
Seattle Times - FOXBusiness - Ocala.com - International Herald Tribune
all 727 news articles »

Earthtimes
8 Banks Discuss Aid for Bond Insurer
New York Times - Feb 1, 2008
By VIKAS BAJAJ and JULIE CRESWELL Eight major banks are in talks to bolster the Ambac Financial Group, the troubled bond insurance company, as part of an industrywide rescue being orchestrated by state regulators, people briefed on the negotiations ...
For Munis, Don't Sweat Insurer Woes Wall Street Journal
Dinallo's Rescue Plan Focuses on Ambac, People Say (Update4) Bloomberg
Times Online - Houston Chronicle - Guardian Unlimited - MarketWatch
all 379 news articles » ABK

Pravda
Massachusetts Accuses Merrill of Fraud
New York Times - 21 hours ago
By JENNY ANDERSON The top securities regulator in Massachusetts accused Merrill Lynch on Friday of defrauding the city of Springfield with subprime-linked investments, casting light on how Wall Street banks sold complex mortgage securities that are now ...
Merrill brokers fired after CDO sales Boston Globe
Galvin in filing vs. Merrill Boston Herald
AHN - Financial Times - BusinessWeek - TheStreet.com
all 93 news articles » MER

The Money Times
Ad Growth Still Strong, Google Says
New York Times - Feb 1, 2008
Employees at the Google offices in New York. Google executives, based in Mountain View, Calif., extolled last year’s results. By MIGUEL HELFT SAN FRANCISCO - Google said it has seen no effect from a slowing economy on its advertising business, ...
Google shares slide as results miss Wall Street targets MarketWatch
Google's 4Q earnings miss raises worries BusinessWeek
CNN International - San Francisco Chronicle - San Jose Mercury News - Times Online
all 486 news articles » GOOG

DetNews.com
Self-Employed or Rich? IRS May Take a Look
Wall Street Journal - 7 hours ago
By TOM HERMAN If you work for yourself -- or you make more than $1 million a year -- your chances of being audited are significantly higher than those of most other people.
E-Filing Makes Returns Less Taxing -- And in Some Cases, Free FOXBusiness
IRS warns of fraud via phones, e-mail Seattle Times
Houston Chronicle - Pittsburgh Post Gazette - Elmira Star-Gazette - Pasadena Star-News
all 44 news articles »

The Money Times
Is Microsoft Saving Yahoo, or Is Yahoo the Savior?
ABC News - Feb 1, 2008
By SCOTT MAYEROWITZ The tech world got another shakeup this morning when Microsoft announced that it was seeking to buy Yahoo for $44.6 billion.
Chief Yahoo Yang an atypical executive Los Angeles Times
Microsoft Makes Multi-Billion Dollar Offer for Yahoo Voice of America
Bizjournals.com - New York Times - Wired News - Bloomberg
all 271 news articles » YHOO - MSFT

Washington Post
Icahn Not Satisfied By Motorola's Spin Move
Forbes - Feb 1, 2008
Despite announcing it was looking to spin off or sell its handset division, corporate raider Carl Icahn told the company he was still planning to run a slate of directors for the upcoming annual meeting.
Icahn Picks Four Nominees To Shake-Up Motorola Board Wall Street Journal
Motorola Rises After Saying It May Drop Mobile Phones (Update3) Bloomberg
BusinessWeek - Chicago Tribune - New York Times - CNET News.com
all 569 news articles » MOT

Environment News Service
After Washington Pulls Plug on FutureGen,
Wall Street Journal - Feb 1, 2008
By REBECCA SMITH and STEPHEN POWER The crippling blow dealt this week to FutureGen, the US government's marquee effort to develop a "clean coal" power plant, will make it harder for the utility sector to slash carbon-dioxide emissions and keep coal in ...
Illinois officials wonder what derailed FutureGen power plant International Herald Tribune
A ‘Bold’ Step to Capture an Elusive Gas Falters New York Times
Wired News - Journal Gazette and Times-Courier - GovExec.com - Urbana/Champaign News-Gazette
all 116 news articles »
State Groups Ask Congress to Investigate BofA-Countrywide Merger
FOXBusiness - 17 hours ago
SAN FRANCISCO, Feb 01, 2008 /PRNewswire-USNewswire via COMTEX/ -- Four statewide consumer groups from across the country asked the US congressional banking committees to hold investigative hearings on the future of Countrywide Financial's borrowers and ...
Bank of America, Countrywide face hurdles MarketWatch
Judge Sanctions Countrywide, Says It Disobeyed Court Rules Wall Street Journal
Reuters - TheStreet.com - Houston Chronicle - Bizjournals.com
all 311 news articles » CFC - BAC

Dog Flu Diet and Diseases
Schools scramble to find questionable meat
Los Angeles Times - 4 hours ago
Many districts have stopped serving ground beef products in response to allegations that a packing house used 'downer' cattle.
Schools, burger chains ban targeted beef BusinessWeek
Beef off menus in local school districts Seattle Times
Seattle Post Intelligencer - The Argus - The Register-Guard - Whidbey News Times
all 186 news articles »

Times Colonist
Exxon Mobil Profit Sets Record Again
New York Times - Feb 1, 2008
By JAD MOUAWAD The company reported Friday that it beat its own record for the highest profits ever recorded by any company, with net income rising 3 percent to $40.6 billion, thanks to surging oil prices.
Exxon's Technology is Not So Crude Forbes
Exxon and Chevron both see profits soar Los Angeles Times
Houston Chronicle - Chicago Tribune - New York Daily News - Independent
all 890 news articles » XOM - TPO:1584

KNBC.com
Disney Signs Its Chief to a New Five-Year Contract
New York Times - Feb 1, 2008
By BROOKS BARNES LOS ANGELES - Directors at the Walt Disney Company signed the chief executive, Robert A. Iger, to a new five-year contract on Friday, signaling their confidence in his ability to navigate a turbulent economy and sweeping changes in the ...
Disney Signs Chief Iger To New 5-Year Contract Wall Street Journal
Disney CEO, CFO get new five-year contracts Reuters
MarketWatch - TheStreet.com - CNNMoney.com - FOXBusiness
all 199 news articles » DIS
Treasury Rally Fades on ISM Data
Wall Street Journal - Feb 1, 2008
By MIN ZENG A massive rally in Treasury bonds was tempered Friday after a private gauge of the US manufacturing sector unexpectedly rebounded in January.
NEXT UP-Dire US data needed to keep bond rally going Reuters
Treasurys Rise on Data, Insurance Fears The Associated Press
Sauk Valley Newspapers - Fort Worth Star Telegram - Baltimore Sun
all 95 news articles »

Canada.com
Microsoft-Yahoo Deal Would Face Tough Scrutiny
Wall Street Journal - Feb 1, 2008
By CHARLES FORELLE and JOHN R. WILKE Microsoft Corp.'s $44.6 billion bid for Yahoo Inc. is expected to get a hard look from European and US antitrust enforcers and lawmakers, possibly delaying a completed deal for six months or more.
Bad blood may color EU view on Microsoft-Yahoo Reuters
Microsoft expansion may be a lesser evil Los Angeles Times
Boston Globe - San Jose Mercury News - Seattle Post Intelligencer - MarketWatch
all 293 news articles » YHOO - MSFT

KATU
Senate to Vote on Economic Stimulus
Voice of America - 16 hours ago
By Scott Stearns US senators vote in the coming week on an economic stimulus plan that is more than $10 billion bigger than a deal backed by President Bush and the House of Representatives.
Bush Says `Serious Signs' US Economy Is Weakening (Update2) Bloomberg
Bush Presses Democrats to Pass Stimulus Bill New York Times
ABC News - Indian Muslims - Reuters - The Associated Press
all 741 news articles »

Shanghai Daily
European Stocks Rise, Snapping Seven-Week Rout; Rio Rallies
Bloomberg - Feb 2, 2008
By Adria Cimino Feb. 2 (Bloomberg) -- European stocks had their first weekly gain this year as Alcoa Inc. and Aluminum Corp. of China Ltd.
Chinese gear up for Rio Tinto battle Times Online
Chinese Corporation buys $14 billion stake in Rio Tinto Group New York Daily News
Los Angeles Times - Financial Times - CNNMoney.com - Pittsburgh Tribune-Review
all 774 news articles » RTP - ASX:BHP - ACH

Earthtimes
Report: Feds Probe UBS' Mortgage Pricing
TheStreet.com - 16 hours ago
Federal prosecutors are looking into whether UBSUBS misled investors about the value of mortgage bonds it held, according to a published media report.
The Subprime Cleanup Intensifies Wall Street Journal
Frisco author blows whistle on Wall Street brokerages Summit Daily News
Reuters
all 14 news articles »
Rally mixes anti-tax ideas with same-sex marriage ban
Indianapolis Star - 4 hours ago
A few hundred people -- many of them children, including from Bethesda Christian Church -- attended a Statehouse rally Friday to root for the repeal of property taxes.
Property tax wallop spurs backlash Chicago Tribune
Daniels touts tax relief in Valpo Munster Times
Reporter-Times - WISH - Evansville Courier & Press (subscription) - WLKY
all 11 news articles »

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