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Consumer Corner: Foreclosure settlement no magic bullet for economy
SUNNYVALE, Calif., March 14 (UPI) -- Yahoo! Inc. maybe running out of options in its attempt to prevent a hostile takeover by Microsoft Corp., industry analysts said Friday.
The two companies have held informal talks, CNet News.com reported, but neither company has confirmed what was discussed.
Microsoft offered to buy Yahoo! six weeks ago for $44.6 billion. Since then, Yahoo!, which rejected the offer, has pursued deals with other companies, including Google and AOL. But none of the negotiations have come to fruition.
Furthermore, Yahoo! can "all but rule out performance improvement as a viable alternative to match the value of Microsoft's bid," Sanford C. Bernstein and Co. analyst Jeffery Lindsay wrote recently.
Lindsay said Yahoo!'s next quarterly financial report would be "mediocre," the Seattle Post-Intelligencer reported. He also said a deal with another company included "near insurmountable" difficulties.
"I think Microsoft is prepared to stick with it," industry analyst Matt Rosoff told the newspaper. "I don't think they have any intention of backing away."
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CARACAS, Venezuela, Feb. 14 (UPI) --
The Venezuelan environment minister said about 90 percent the oil spilled in the River Guarapiche in the east of the country was contained.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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