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Microsoft CEO Steve Ballmer said “financial issues are going to affect both business spending and consumer spending, and particularly … spending by the financial services industry.” OSLO–Microsoft Chief Executive Steve Ballmer said on Tuesday no company was immune to the global financial crisis, which he expects to sap both…
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A federal judge in San Jose has given preliminary approval to a $14 million settlement of shareholder claims over backdating of stock options against current and former Apple executives. LOS ANGELES–A federal judge in San Jose has given preliminary approval to a $14 million settlement of shareholder claims over…
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Yahoo is unlikely to get into a bidding war over AOL with Microsoft because Yahoo could instead renew talks over News Corp’s Web properties. NEW YORK–Yahoo is unlikely to get into a bidding war over AOL with Microsoft because if Microsoft gets in the way, Yahoo could instead renew…
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News Corp’s Rupert Murdoch said it was “very unlikely” his company would be involved in any Yahoo transaction and said Yahoo and Microsoft would not end up with any deal. SUN VALLEY, IDAHO–News Corp’s Rupert Murdoch said it was “very unlikely” his company would be involved in any Yahoo…
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Software giant says it may borrow money for the first time in its history to fund a portion of its unsolicited offer for Yahoo. Microsoft said Monday it may borrow money for the first time in its history to fund a portion of its $44.6 billion unsolicited…
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Microsoft faces financial and legal hurdles in its unsolicited bid for Yahoo. CNET News.com walks you through the potential steps. Microsoft faces several financial and legal hurdles on its way to wooing Yahoo to accept its $44.6 billion buyout bid. Here’s a brief FAQ explaining some of…
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Offer amounts to $31 per share, which Microsoft said represented a 62 percent premium above the company’s closing stock price. Microsoft on Friday said it had offered to acquire Yahoo in a proposed cash and stock deal valued at $44.6 billion. Microsoft said it had offered to…
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Offer–described by Yahoo as “unsolicited”–amounts to $31 per share, or a 62 percent premium above its closing stock price Thursday. Microsoft went public Friday with a $44.6 billion cash-and-stock bid to acquire Yahoo. In its response, Yahoo called the Microsoft bid “unsolicited” but did not reject it….
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Net book value of wireless unit said to exceed its fair value; accounting adjustment could represent most of $31 billion goodwill on company’s balance sheet. Sprint Nextel said on Thursday it will take a material goodwill impairment charge representing a substantial portion, and potentially all, of the $31…
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The U.S. Federal Reserve took a big gamble by cutting the federal interest rates by a half-percentage point in order to stimulate growth and scuttle recession fears. WASHINGTON–The Federal Reserve cut interest rates by a hefty half-percentage point on Wednesday as part of an aggressive effort to halt a…
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Investors are set to focus on company outlooks and how a slowing U.S. economy will lead to ad cutbacks, less online shopping. Big Internet stocks have fallen 25 percent to 40 percent in the last quarter and haven’t looked cheaper in years. But despite expected strong year-end…
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A funding gap, made worse by a softening economy, could create a wall for clean-tech start-ups despite a favorable long-term environment. For green-tech start-ups, 2008 could be the year of either break-neck speed or just hitting the brakes. A tidal wave of venture capital has poured into…
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perspective The Microsoft chairman’s well-intentioned pitch for corporate activism missed the root causes of poverty. (Hint: it’s not lack of corporate charity.) Editor’s note: CNET News.com editor at large Michael Kanellos and chief political correspondent Declan McCullagh are facing off over Bill Gates’ call for businesses to allocate…
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Shares rise on news of a healthy quarter and a positive outlook for first-quarter earnings. Texas Instruments posted a higher fourth-quarter profit and gave an outlook that reassured investors who were worried the weak U.S. economy would hurt demand for its wireless and analog chips. Shares in…
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Funding round highlights the rising valuations of start-ups riding fast-growing Facebook’s wave of popularity. Social-network software maker Slide said on Friday it had closed a $50 million institutional financing round, marking the rising valuations of start-ups riding fast-growing Facebook’s wave of popularity. Slide, a 65-employee company…
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Shares up after IBM announces earnings forecast well above Wall Street’s expectations. IBM on Thursday forecast 2008 earnings well ahead of Wall Street expectations after results showing a strong international performance, and its shares rose 5 percent. The world’s largest computer services company forecast 2008 earnings would…
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