The rumor is back in full force today that Microsoft is trying to decide between investing $10 billion on Facebook or buying Yahoo! The New York Post, which back in May created quite a buzz with a story asserting that Microsoft (MSFT) was in talks to buy Yahoo (YHOO). The post says that “Microsoft has been […]
Goldman Sachs Group Inc.’s private equity unit and Kohlberg Kravis Roberts & Co. backed out of the Harman deal. Goldman told the company they are under no obligation to complete the merger because “a material adverse change” in its business had occurred.Harman, whose audio equipment brands include Infinity, JBL and Harman Kardon, said it disagreed, […]
NYSE Euronext has been up big this week. The stock was up as much as 5% today as the NYSE entered into an agreement with Gerald Putnam, the former vice chairman of NYSE Group, which is a subsidiary of NYSE Euronext. The agreement states that starting Sept. 10, Putnam is no longer considered an employee of the […]
Google’s stock reached a new high of $560.79, reflecting Wall Street’s renewed faith in the Internet search leader. Google has begun to introduces new ways for advertisers to reach its steadily expanding online audience. The rally eclipsed Google’s previous record high in July of $558.58.attained in mid-July.
Socialize
Oracle Corp. kicked off its new fiscal year by blowing away analysts’ expectations with its biggest increase in software sales since the dot-com boom. The company earned $840 million, or 16 cents per share, for the three months ended Aug. 31. That increase represented a 25 percent improvement from net income of $670 million, or […]
Goldman Sachs demonstrated its ability to successfully navigate a tough capital market by reporting a 79 per cent surge in third quarter net income. Goldman’s success was driven largely by an early bet against US mortgages, which more than offset losses on its holdings of non-prime loans and mortgage securities. The bet helped Goldman generate record net revenue of […]
