Archive for August 1st, 2008


BBC News
Yahoo on Defensive at Shareholder Meeting
Washington Post - 20 minutes ago
Yahoo faced criticism from shareholders over the failed Microsoft deal at its annual stockholder meeting Friday. Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site.
No Fireworks at Yahoo Meeting BusinessWeek
Yahoo Holders Re-Elect Board; Yang Gets 85% of Votes (Update2) Bloomberg
CNNMoney.com - Reuters - MarketWatch - BBC News
all 1,088 news articles

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BBC News
Spain Is Calm Over Chávez Nationalization
Wall Street Journal - 1 hour ago
By BERND RADOWITZ and JONATHAN HOUSE Spain reacted calmly to Venezuelan President Hugo Chávez's announcement that he would nationalize the local unit of Spanish giant Banco Santander SA, with Madrid saying it wouldn't interfere in the negotiations.
Bank Tries to Allay Fears of Instability in Venezuela New York Times
Chavez Tightens Hold on Venezuela With Bank Takeover (Update5) Bloomberg
Reuters - Granma International - MarketWatch - Forbes
all 412 news articles

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Boston Globe
MS Drug Side Effects Hit Biogen, Elan Stock
Wall Street Journal - 48 minutes ago
By DAVID ARMSTRONG and JEREMY SINGER-VINE Investors battered Biogen Idec Inc. and Elan Corp. after two new cases of a dangerous brain disease were linked to their multiple-sclerosis drug Tysabri, but a number of doctors and patients said they were
Biogen, Elan's Tysabri Will Lose Sales on Infections (Update1) Bloomberg
Despite risks, many staying with Tysabri Boston Globe
BusinessWeek - Forbes - MarketWatch - International Herald Tribune
all 198 news articles

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RTE.ie
Biogen, Elan's Tysabri Will Lose Sales on Infections (Update1)
Bloomberg - 1 hour ago
By David Olmos Aug. 1 (Bloomberg) — Biogen Idec Inc. and Elan Corp.'s report about new potentially deadly infections linked to Tysabri will cause some physicians and patients to avoid the multiple- sclerosis therapy and raises concerns about whether
Safety Scares Hit Elan, Biogen And Schering Forbes
S&P Picks and Pans: Elan, Biogen, Wachovia, GM, Nissan, Chevron BusinessWeek
MarketWatch - BioWorld Online - International Herald Tribune - TheStreet.com
all 194 news articles

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Sun Microsystems Profit Falls 73% as Customers Cut Spending
New York Times - 43 minutes ago
By AP SAN FRANCISCO (AP) - Profit at Sun Microsystems, the computer server maker, declined 73 percent in the most recent quarter as slumping sales to big American companies and reorganization charges weighed on the server and software maker.
Sun Micro shares take a hit on weak forecast MarketWatch
Sun Microsystems Under Pressure Forbes
Bloomberg - Wall Street Journal - The Associated Press - CNNMoney.com
all 400 news articles

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Canoe.ca
No Fireworks at Yahoo Meeting
BusinessWeek - 1 hour ago
by Robert D. Hof Yahoo's (YHOO) much anticipated annual meeting on Aug. 1 left its current board and co-founder and Chief Executive Jerry Yang intact, in control, and still insisting they can return to contention with runaway rival Google (GOOG).
UPDATE 2-Yahoo board wins solid shareholder backing in vote Reuters
Time Warner says Jonathan Miller can’t join Yahoo board CNNMoney.com
Bloomberg - MarketWatch - BBC News - Forbes
all 1,066 news articles

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Wall Street Journal
Citigroup to be charged by Cuomo, faces SEC probe
Reuters - 2 hours ago
By Joseph A. Giannone and Jonathan Stempel NEW YORK (Reuters) - New York Attorney General Andrew Cuomo plans to imminently charge Citigroup Inc (CN: Quote, Profile, Research), accusing it of fraudulently marketing and selling auction-rate securities,
New York to Sue Citigroup Over Auction-Rate Sales (Update4) Bloomberg
New York Lambasts Citi Forbes
MarketWatch - CNNMoney.com - Financial Times - Seeking Alpha
all 315 news articles

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Florida bank closed by FDIC
CNNMoney.com - 1 hour ago
First Priority Bank becomes the eighth bank failure of the year. Branches will reopen as Sun Trust Bank. By Ben Rooney, CNNMoney.com staff writer NEW YORK (CNNMoney.
Small Florida bank is 8th US failure this year Reuters
First Priority becomes eighth bank failure this year MarketWatch
Wall Street Journal - Bizjournals.com - TheStreet.com - International Herald Tribune
all 99 news articles

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Reuters
Jobless rate highest in 4 years, payrolls drop
Reuters - 12 hours ago
By Glenn Somerville WASHINGTON (Reuters) - The US unemployment rate hit its highest in four years during July as employers cut jobs for a seventh straight month, though less severely than predicted, a Labor Department report showed on Friday.
5.7% jobless rate highest in 4 years Daily Press
Idaho jobless rate jumps in July IdahoStatesman.com