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Microsoft faces dilemma as Yahoo bid deadline looms :: CHICAGO SUN-TIMES :: Business (Finance, 18 articles)
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Microsoft faces a critical decision in its three-month pursuit of Yahoo this week after its latest attempt to bring the embattled internet company to the negotiating table looked to have failed over the weekend. The architects of Microsoft's bid - Chief Executive Officer Steve Ballmer and Chief Financial Officer Chris Liddell - have been signaling that the company might abandon the bid. Microsoft Corp. can break the dominance of Apple Computer Inc. s iPod in the digital music market with the Zune player that went on sale yesterday, chief executive Steven A. Ballmer said. Time's up for Yahoo; what will Microsoft do next? UW helped nurture computing ideas, Gates says. SAN FRANCISCO Microsoft Corp. is no closer to buying Yahoo Inc. than when it made its $44.6 billion bid nearly three months ago, leaving the software maker in a quandary over whether the deal is still worth pursuing. Microsoft Corp. CEO Steve Ballmer offered a glimmer of hope on Thursday to fans of the company's Windows XP operating system, saying the company may reconsider its decision to stop selling it soon. Microsoft saw its shares fall 6% after it posted a fall in quarterly profits and earnings forecasts at the lower end of market expectations.
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Rate view sends dollar to one-month highs (Finance, 13 articles)
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Government bond prices continued their dramatic decline this week as investors increasingly took the view that the worst of the credit crisis was over while record-high oil prices heightened concerns about inflationary pressures. Its shares finished off 5.9 per cent down at 277p, extending losses over the week to 25 per cent, on continued fears of a rights issue. April has been the cruelest month for government bond markets in years, with prices falling and interest rates rising sharply in the US, Europe and Japan.
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American, Delta, NWA join in airfare jump (Finance, 8 articles)
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Continental's decision will change the complex game of musical chairs that the airline industry is playing after the merger announcement last week by Delta Air Lines and Northwest Airlines. American's regional partner, American Eagle, will stop its Kansas City and Austin flights from the Dallas airport on July 2 and replace them with nonstop service to Chicago's O'Hare International Airport, the airline said Sunday. Continental Airlines brought its merger talks with United Airlines to an abrupt end on Sunday amid concerns for the rival US carrier's financial strength in the face of record fuel costs and waning demand for air travel.
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Other stories about Airlines, flights and Delta:
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Investors pull out of mutual funds (Finance, 4 articles)
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Massive outflows from equity funds, which have long been the profit mainstay of fund management companies, are accelerating a seismic shift in the $13,000bn US fund industry. Traditional money managers, which have enjoyed double-digit growth for most of the past decade, are now struggling with low growth in actively managed mutual funds, their core product, while hedge fund managers and low-margin indexed products gain strongly. The recent flight to cash by both retail and institutional investors, who put $140bn into money market funds in the first quarter of this year, has exacerbated the situation.
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Foreign-born dominate UK’s rich list (Finance, 4 articles)
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A closely watched list of the wealthiest people in Britain underlines the contribution made by foreigners to the country's status as one of the prime locations for the world's super-rich. But there is little evidence that many of the foreign super-rich have, as threatened, quit the country, though a large number are still talking about leaving. A slowdown in the overall growth of wealth among the 1,000 people on the list also suggests the global economic slowdown has begun to bite.
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