U.S. stocks rise on activity on deal-making front

Date: Thu, 15 May 2008 17:03:57 -0400
U.S. stocks rise on activity on deal-making front

U.S. stocks shift higher as deal-making in the online media space
bolsters expectations of more merger activity, helping investors shrug
off rising energy costs and a slew of economic reports.

Icahn plans to take on Yahoo and replace board

Wealthy investor activist Carl Icahn is launching a proxy fight to
replace the board of Yahoo, saying the Net bellwether acted
'irrationally' in rejecting a buyout offer from Microsoft recently.

Oil futures end slightly lower as natural gas prices drop 2%

Crude-oil futures turn lower, retreating from an earlier climb of as
much as $2 a barrel, as a bigger-than-expected climb in U.S. natural gas
supplies pushes prices for natural gas to their lowest level in more
than a week.

CBS to buy CNet Networks for $1.8 billion

CBS will buy CNet Networks Inc. at a 45% premium, as the TV broadcasting
giant moves to tap into the Internet to grow its business.