Microsoft To Yahoo: You've Got 3 Weeks

Breaking NewsApril 5, 2008
To Russia, Without Much Love In Return

The White House says it does not expect President George W. Bush's talks
with his Russian counterpart Vladimir Putin to produce a deal on a
missile defense system based in Europe. 
--------------------
Politics

Clintons: $109M In Income Since 2000

Sen. Hillary Rodham Clinton and former President Clinton report nearly
$109.2 million in income since the end of Mr. Clinton's term in 2000.
The couple reported $20.4 million in income for 2007..
--------------------
Business

Microsoft To Yahoo: You've Got 3 Weeks

Microsoft Corp. sent a letter to the Yahoo Board of Directors setting a
three-week deadline for moving forward on its more than $40 billion
buyout offer. More...

Microsoft threatens Yahoo board with proxy battle, lower bid

Date: Sat, 05 Apr 2008 13:49:18 -0400

Microsoft threatens Yahoo board with proxy battle, lower bid
4/5/2008 1:46:13 PM

Markets Friday, 04/4/2008

Date: Fri, 4 Apr 2008 17:31:05 -0400

| Dow : 12609.42 down 16.61

| S & P : 1370.40 up 1.09

| NASDAQ: 2370.98 up 7.68

| Bond (10Y): 3.46%, 100.25

MARKETS:
Mixed day, up week
Investors weigh weak March jobs report with bets that the worst may be
over for the market. Stocks gain on week.

Payrolls contract by 80,000 as jobless rate hits 5.1% in March

Date: Fri, 04 Apr 2008 21:06:03 (GMT)
Payrolls contract by 80,000 as jobless rate hits 5.1% in March

WASHINGTON
In employment data that would seem worthy of the name recession, the
government reported Friday the steepest monthly job losses in five years
as well as a spike in the unemployment rate for March.

Teething woes at Heathrow's T5 could last until summer

Disruptions at London Heathrow's new Terminal 5 could continue until
the summer and will likely cost tenant British Airways Plc much more
than the 16 million-pound ($32 million) hit it disclosed this week, an
analyst said Friday.

U.S. stocks mixed; weekly gains a virtual certainty

Date: Fri, 04 Apr 2008 16:01:03 (GMT)
U.S. stocks mixed; weekly gains a virtual certainty
U.S. stocks trade mixed but remain pointed toward likely weekly gains,
as equities struggle over data pointing to the biggest job losses in
five years.

Economic Report: Payrolls contract by 80,000 as jobless rate hits 5.1%
in March

WASHINGTON
In employment data that would seem worthy of the name recession, the
government reported Friday the steepest monthly job losses in five years
as well as a spike in the unemployment rate for March.

Teething woes at Heathrow's T5 could last until summer

Disruptions at London Heathrow's new Terminal 5 could continue until
the summer and will likely cost tenant British Airways Plc much more
than the 16 million-pound ($32 million) hit it disclosed this week, an
analyst said Friday.

Dell CEO sees more aggressive cost reductions, layoffs

The founder and CEO of Dell Inc. touts the company's cost-cutting plans
in a meeting with analysts, hinting that the PC maker may go beyond its
previously stated layoff targets.

Fed, Treasury defend bailout of Bear Stearns

Lawmakers open hearings into the dramatic rescue of Bear Stearns, with
top officials of the Federal Reserve and the Treasury Department
defending their actions to save the Wall Street giant from bankruptcy.

Stocks struggle for direction in early trade as investors digest a disappointing jobs number, fueling recession woes.

Date: Fri, 4 Apr 2008 09:34:04 -0400

Stocks struggle for direction in early trade as investors digest a
disappointing jobs number, fueling recession woes.

Economy sheds 80,000 jobs in March

Date: Fri, 04 Apr 2008 07:54:30 -0500

WASHINGTON (AP) - Employers worried about recession slashed 80,000 jobs
in March, the most in five years and the third straight month of losses.

Bernanke Defends Bear Stearns Bailout

Breaking NewsApril 3, 2008
Bernanke Defends Bear Stearns Bailout

Federal Reserve Chairman Ben Bernanke was the top witness at a
Congressional hearing called to examine whether the Fed was justified in
providing up to $30 billion to facilitate the sale of Bear Stearns Cos.
to JP Morgan Chase & Co. 
--------------------
Politics

Wife's Fortune, Connections Boost McCain

The McCains' marriage has mixed business and politics from the
beginning, according to an expansive review by The Associated Press of
thousands of pages of campaign, personal finance, real estate and
property records nationwide. 
--------------------
Opinion

1994 Redux: Clinton Hasn't Changed A Bit

In 1994, then-First Lady Hillary Clinton, headed up her husband's
health-care task force. Now that she is running for president, she says
she has learned her lesson. But has she, National Review Online wonders.

Markets Thursday, 04/3/2008

Thursday, 4/3/2008

| Dow : 12626.03 up 20.20

| S & P : 1369.31 up 1.78

| NASDAQ: 2363.30 up 1.90

| Bond (10Y): 3.57%, 99.34

MARKETS:
Stocks inch higher
Wall Street manages modest gains as investors gear up for Friday's
employment report. Senate hearing on Bear Stearns also in focus.

U.S. stocks end with modest gains ahead of Friday's jobs data

Date: Thu, 03 Apr 2008 21:06:03 (GMT)

U.S. stocks end with modest gains ahead of Friday's jobs data

U.S. stocks end a rocky session with modest gains as investors weigh
mixed economic data and congressional testimony on the Bear Stearns
bailout.

Liquidity crunch continues to eat into corporate dividends

BOSTON
More companies feeling the pressure of the credit turmoil are bolstering
their cash positions and scaling back dividend payouts to shareholders,
says Standard & Poor's.

In their prime? Distressed debt investors await bankruptcy wave

Distressed debt offers a big opportunity in a slowing economy, so long
as those investments are timed correctly.

Fed, Treasury defend bailout of Bear Stearns
Lawmakers open hearings into the dramatic rescue of Bear Stearns, with
top officials of the Federal Reserve and the Treasury Department
defending their actions to save the Wall Street giant from bankruptcy.

Apple displaces Wal-Mart as top U.S. music seller

SAN FRANCISCO
Apple Inc. claims the title of the No. 1 music retailer in the United
States, citing new industry research figures that moved the iTunes Music
Store ahead of Wal-Mart Stores Inc.

Stocks end slightly higher after seesawing as investors await a key report on jobs due out Friday.

Date: Thu, 3 Apr 2008 16:05:12 -0400

Stocks end slightly higher after seesawing as investors await a key
report on jobs due out Friday.

Strong earnings give lift to Research In Motion

Date: Thu, 03 Apr 2008 16:01:04 (GMT)
Strong earnings give lift to Research In Motion

Research In Motion Ltd. shares rose as much as 4% Thursday after the
maker of the BlackBerry smart phone reported a more than doubling of its
fourth-quarter profit and said it added more than 2 million new
subscribers.

Market Snapshot: U.S. stocks extend losses amid signs of economic
distress

U.S. stocks on Thursday fell for a second day after a rise in jobless
claims intensified worries about the economy ahead of more congressional
testimony from Federal Reserve Chairman Ben Bernanke and Friday's
much-anticipated employment report.

Economic Report: Weekly U.S. jobless claims highest since Sept. 2005

WASHINGTON
First-time applications for state unemployment benefits rose last week,
the Labor Department reported Thursday -- the eve of the release of
pivotal data on the state of the nation's job market.

FAA audit shows high safety compliance among US airlines

NEW YORK
The Federal Aviation Administration says aircraft safety inspections
reveal a very high compliance rate among U.S. carriers and marks one of
the safest periods in aviation history.

Weekly jobless claims jump by 38,000 to 407,000.

Date: Thu, 3 Apr 2008 08:35:08 -0400

Weekly jobless claims jump by 38,000 to 407,000.

Stocks tumble as Wall Street digests spiking weekly jobless claims a day ahead of the monthly jobs report.

Date: Thu, 3 Apr 2008 09:32:07 -0400

Stocks tumble as Wall Street digests spiking weekly jobless claims a day
ahead of the monthly jobs report.

Bear Stearns rescue averted broad financial crisis, say execs and regulators; JPMorgan's Dimon: It 'could have been disastrous.'

Date: Thu, 3 Apr 2008 10:06:05 -0400

Bear Stearns rescue averted broad financial crisis, say execs and
regulators; JPMorgan's Dimon: It 'could have been disastrous.'

Markets Wednesday, 04/2/2008

Wednesday, 4/2/2008

| Dow : 12605.83 down 48.53

| S & P : 1367.53 down 2.65

| NASDAQ: 2361.40 down 1.35

|Bond (10Y): 3.60%, 99.16

MARKETS:
Stocks limp to close after Bernanke
Wall Street loses some ground as Fed chief's cautious economic outlook
worries investors.

Research In Motion profit more than doubles

Date: Wed, 02 Apr 2008 21:06:04 (GMT)

Research In Motion profit more than doubles

Research In Motion Ltd. reports a fourth-quarter profit that more than
doubles from a year ago as the maker of the BlackBerry smart phone added
more than 2 million new subscribers during the quarter.

U.S. stock losses mount to snap two-day winning streak

U.S. stocks slump loewr for the first day this week after Federal
Reserve Chairman Ben Bernanke acknowledges a possible recession in
testimony to Capital

The Fed: Bernanke gloomier about near-term outlook

The outlook for U.S. growth has worsened since January and the
possibility of a recession can't be ruled out, says Federal Reserve
Chairman Ben Bernanke.

U.S. stocks finish choppy session lower as Bernanke calls recession possible

Date: Wed, 02 Apr 2008 16:06:52 -0400

U.S. stocks finish choppy session lower as Bernanke calls recession
possible
4/2/2008 4:03:32 PM

Bernanke gloomier about near-term outlook

Date: Wed, 02 Apr 2008 16:01:03 (GMT)

Bernanke gloomier about near-term outlook

The outlook for U.S. growth has worsened since January and the
possibility of a recession can't be ruled out, says Federal Reserve
Chairman Ben Bernanke.

Market Snapshot: U.S. stocks climb amid Fed talk

NEW YORK
U.S. stocks edge higher after a shaky start, with investor optimism
stemming from Best Buy's results and hopes for Friday's employment
report competing with Federal Reserve Chairman Ben Bernanke's talk of
U.S. economic woes.

Economic Report: U.S. private-sector payrolls up slightly in March: ADP
survey

WASHINGTON
U.S. private-sector companies added 8,000 jobs in March, according to an
employment report based on ADP payrolls data released Wednesday.

Subprime Today: National City mulling KeyCorp deal: report

NEW YORK
Welcome to our daily roundup of subprime and credit-crunch-related news
from MarketWatch.

Ireland's prime minister Ahern stepping down in May

LONDON
Bertie Ahern, the prime minister of Ireland, announced he will leave
office next month, ending a tenure that ran nearly 11 years and
coincided with a massive economic boom that transformed the Irish
economy into the Celtic tiger.

U.S. factory orders fell a worse-than-expected 1.3% in February; more evidence of rising risk of recession.

Date: Wed, 2 Apr 2008 10:07:03 -0400

U.S. factory orders fell a worse-than-expected 1.3% in February; more
evidence of rising risk of recession.

Fed Chair Bernanke, in testimony before Congress, says U.S. recession is 'possble.'

Date: Wed, 2 Apr 2008 10:14:03 -0400

Fed Chair Bernanke, in testimony before Congress, says U.S. recession is
'possble.'

U.S. economy in a 'very difficult period': Fed chief Bernanke

Date: Wed, 02 Apr 2008 09:36:06 -0400

U.S. economy in a 'very difficult period': Fed chief Bernanke
4/2/2008 9:33:09 AM

9/11 Panel's Top Democrat Backs Obama

Breaking News
April 2, 2008

Bush Makes Appeal For NATO Expansion

President Bush has renewed his call for NATO nations to allow Ukraine
and Georgia to start the admission process and to allow U.S. missile
defense installations, over Russian objections. Mr Bush also asked
allies to send more troops to Afghanistan. 
--------------------
U.S.

Pentagon Releases Memo On Harsh Tactics

The Pentagon has released a now-defunct legal memo that approved the use
of harsh interrogation techniques against terror suspects. 
--------------------
Politics

9/11 Panel's Top Democrat Backs Obama

Former Indiana Rep. Lee Hamilton is backing Sen. Barack Obama in an
endorsement that could boost the presidential hopeful's national
security standing, The Associated Press has learned. 

Businesses added 8,000 jobs in March, a surprising gain in employment, according to payroll company ADP.

Date: Wed, 2 Apr 2008 08:17:06 -0400

Businesses added 8,000 jobs in March, a surprising gain in employment,
according to payroll company ADP.

Markets Tuesday, 04/1/2008

Tuesday, 4/1/2008

| Dow : 12654.36 up 391.47

| S & P : 1370.18 up 47.48

| NASDAQ: 2362.75 up 83.65

| Bond (10Y): 3.55%, 99.53

MARKETS:
New quarter kicks off with a bang
Wall Street surges, with the Dow jumping 391 points on hopes that the
worst of the credit market crisis has passed.

U.S. stock rally fuels Dow to 8th-biggest point leap ever

Date: Tue, 01 Apr 2008 21:06:03 (GMT)

U.S. stock rally fuels Dow to 8th-biggest point leap ever

U.S. stocks extend gains into a second day, with Dow logging its
8th-biggest point jump ever, after a separate offerings of fresh equity
from Lehman Brothers and UBS draw warm receptions.

Double-digit declines rattle top automakers
Ford, General Motors, Toyota and other auto majors all see their March
sales fall by double-digit percentages.

Sprint unveils touchscreen device that could rival iPhone

Long seen as a laggard when it comes to new wireless phones, Sprint
Nextel Corp. unveils what could be the strongest challenger yet to the
popular Apple iPhone.

Futures Movers: Crude falls modestly to end below $101 a barrel

Crude-oil futures fall modestly to end below $101 a barrel, in line with
weakness in other commodities, as gains in the U.S. dollar weigh.

On China's Web, Microsoft is on the outside looking in

SAN FRANCISCO
While China is considered to be one of the world's most promising
Internet markets, Microsoft Corp. has struggled to establish a strong
position in the region as it deals with both internal and external
pressures.

Congress Hits Big Oil On Renewable Energy

Breaking News
April 1, 2008
Congress Hits Big Oil On Renewable Energy

Top executives of the five biggest U.S. oil companies were pressed to
explain the soaring fuel prices amid huge industry profits and why they
were not investing more to develop renewable energy source such as wind
and solar power. 
--------------------
U.S.

3 Workplace Shootings In One Day

Three separate workplace shootings were reported in three states on
Tuesday. In North Carolina and Massachussets, the alleged shooters
committed suicide after the attack. In Virginia, the suspect fled the
scene.
--------------------
World

Iraqi PM: Basra Strikes A "Success"

The Iraqi prime minister said that a weeklong crackdown against militia
violence in the southern city of Basra had been a "success," despite the
backlash among followers of radical Shiite cleric Muqtada al-Sadr. 
--------------------
Politics

Obama Frames Race As Match With McCain

Barack Obama has, in recent days, sought to frame the presidential race
as a general election matchup between him and John McCain. Obama argues
that McCain would merely be another four years of President Bush's
policies. .
--------------------
Business

UBS Writes Off $19B In Losses

Switzerland's largest bank said it sees losses and writedowns of
approximately $19 billion in the first quarter on U.S. real estate and
related credit positions. 
--------------------
Opinion

Market Deregulation Or Market Survival?

Treasury Secretary Henry Paulson is focused on regulatory
inefficiencies. But the details of his plan are wholly inappropriate to
the current economic crises - they could, in fact, make things worse,
writes The New Republic.

Breaking News Tue., April 1, 2008

Date: Tue, 1 Apr 2008 13:22:40 -0700 (PDT)

WALL STREET RALLIES ON HOPES THAT WORST IS OVER FOR SUBPRIME LOSSES; DOW
CLOSES UP 391 POINTS

Ford, GM, Toyota report double-digit percentage declines in U.S. March sales

Date: Tue, 01 Apr 2008 14:49:28 -0400

Ford, GM, Toyota report double-digit percentage declines in U.S. March
sales
4/1/2008 2:46:28 PM

Dow industrials, S&P, Nasdaq jump 3.2%-3.7% in first day of second quarter

Date: Tue, 01 Apr 2008 16:04:39 -0400

Dow industrials, S&P, Nasdaq jump 3.2%-3.7% in first day of second
quarter
4/1/2008 4:02:10 PM

Crude oil futures fall bellow $100 a barrel as the dollar surges.

Date: Tue, 1 Apr 2008 08:58:03 -0400

Crude oil futures fall bellow $100 a barrel as the dollar surges.

Manufacturing activity in March rises; analysts had expected the latest measure of economic activity to fall.

Date: Tue, 1 Apr 2008 10:03:04 -0400

Manufacturing activity in March rises; analysts had expected the latest
measure of economic activity to fall.

Main U.S. stock indexes up 2.6% or more at midday; Dow industrials surge 318 points

Date: Tue, 01 Apr 2008 12:30:57 -0400

Main U.S. stock indexes up 2.6% or more at midday; Dow industrials surge
318 points
4/1/2008 12:27:49 PM

U.S. stocks extend financial-led cheer; Dow up more than 2%

Date: Tue, 01 Apr 2008 16:01:03 (GMT)

U.S. stocks extend financial-led cheer; Dow up more than 2%

NEW YORK
U.S. stocks soared after a measure of manufacturing activity prove
brighter than expected, and separate offers of fresh equity from Swiss
bank UBS AG and Lehman Brothers Holdings Inc. draw a warm reception.

UBS takes further $19 bln in write-downs, plans capital boost

Swiss banking giant UBS reveals a further $19 billion hit from the
credit crisis, doubling its write-downs so far, and said it will have to
issue around 15 billion Swiss francs ($15.1 billion) in new shares to
shore up its capital base.

Microsoft stands firm on Yahoo bid, says report

WASHINGTON
Microsoft Corp. plans to stick with its current offer price to buy Yahoo
Inc., at least until the Internet-search firm agrees to buyout talks,
The Wall Street Journal reported Tuesday.

Another round of job losses to come at UBS

More investment-banking jobs will have to go at UBS in light of another
$19 billion in write-downs that the Swiss banking giant will take, the
company's chief executive said Tuesday.

Markets Monday, 03/31/2008

Monday, 3/31/2008

| Dow : 12262.89 up 46.49

| S & P : 1322.70 up 7.48

| NASDAQ: 2279.10 up 17.92

| Bond (10Y): 3.41%, 100.69

MARKETS:
Up day, down quarter
Wall Street pushes higher on the last day of a brutal first quarter,
thanks to falling oil prices and the Bush Administration's proposed
overhaul of financial regulation.

CORRECT: Stocks end quarter with worst losses since 2002

Date: Mon, 31 Mar 2008 21:06:03 (GMT)

CORRECT: Stocks end quarter with worst losses since 2002

U.S. stock indexes climb, with financials leading the way on Citigroup's
restructuring and the proposed consolidation of U.S. regulators, but
equities chalk up their worst quarter in more than five years.

Schering-Plough, Merck shares take a hit over Vytorin study

Investors react harshly to the release of additional details from an
unflattering study of cholesterol drug Vytorin, leaving shares of
Schering-Plough and Merck battered.

Tesco puts the brakes on U.S. expansion of Fresh & Easy

Britain's Tesco is halting for three months the expansion of its U.S.
operation Fresh & Easy, the food-retailing unit meant to carve out a
niche between convenience stores and the massive warehouse-style
retailers.

Pernod Ricard snaps up Absolut Vodka parent for $8.3 billion

Pernod Ricard is buying Sweden's Vin & Sprit AB, the owner of Absolut
Vodka, for 5.63 billion euros ($8.9 billion) in a move to catch up to
larger rival Diageo. .

Japan's March tankan survey to reveal deepening gloom

HONG KONG
An influential Bank of Japan survey is expected to show on Tuesday that
confidence among Japan's larger manufacturers deteriorated sharply in
the three months ending March 31 as a slowing U.S. economy, rising yen
and higher energy and food prices undermine business conditions.

Main U.S. stock indexes rise Monday but end first quarter with declines of 7.4%-14%

Date: 31 MAR 2008 20:03:07 GMT

Main U.S. stock indexes rise Monday but end first quarter with declines
of 7.4%-14%
3/31/2008 4:01:42 PM

U.S. stocks turn higher as quarterly losses loom

Date: Mon, 31 Mar 2008 16:01:03 (GMT)

U.S. stocks turn higher as quarterly losses loom

U.S. stock indexes tilt slightly higher, starting off a week filled with
data that many believe will affirm the picture of recession, with
equities poised to close the quarter with their steepest losses in
nearly four years.

Schering-Plough, Merck shares take a hit over Vytorin study

BOSTON
Investors reacted harshly Monday to the release of additional details
from an unflattering study of cholesterol drug Vytorin, leaving shares
of Schering-Plough Corp. and Merck & Co. battered.

Tesco puts the brakes on U.S. expansion of Fresh & Easy

Britain's Tesco is halting for three months the expansion of its U.S.
operation Fresh & Easy, the food-retailing unit meant to carve out a
niche between convenience stores and the massive warehouse-style
retailers.

Pernod Ricard snaps up Absolut Vodka parent for $8.3 bln

Pernod Ricard SA is buying Sweden's Vin & Sprit AB, the owner of
Absolut Vodka, for 5.63 billion euros ($8.9 billion) in a move to catch
up to larger rival Diageo Plc.

Japan's March tankan survey to reveal deepening gloom

HONG KONG
An influential Bank of Japan survey is expected to show on Tuesday that
confidence among Japan's larger manufacturers deteriorated sharply in
the three months ending March 31 as a slowing U.S. economy, rising yen
and higher energy and food prices undermine business conditions.

Sweeping Fed Plan Sparks Intense Debate

Breaking NewsMarch 31, 2008
Sweeping Fed Plan Sparks Intense Debate

The Bush administration is proposing the biggest overhaul of financial
regulation since the Great Depression. The plan would change the
regulation of businesses from the nation's biggest banks down to the
local mortgage broker. 
--------------------
U.S.

High Court Declines Rep. Jefferson Case

The Supreme Court refused to step into a legal fight between the Justice
Department and a member of Congress who has been indicted on bribery
charges. 
------------------
Politics

Cash-Strapped Clinton Fails To Pay Bills

!

Hillary Clinton's cash-strapped campaign has been putting off paying
hundreds of bills - freeing up cash for media buys but also earning the
campaign a reputation as something of a deadbeat in some small-business
circles, the Politico reports. 
--------------------
Health

Can Your Nose Sniff Out Danger?

Fear may heighten people's sense of smell, making them sensitive to
scents wafting in the air when they got scared, new research shows. 
--------------------
Business

Lehman Brothers Launches Lawsuit In Japan

Lehman Brothers filed a lawsuit against major Japanese trading company
Marubeni, demanding $350 million in damages in an unfolding case of
alleged massive fraud.

Treasury Sec. Paulson proposes sweeping changes to rules for financial system and broad expansion of the Fed's role.

Date: Mon, 31 Mar 2008 10:04:04 -0400

Treasury Sec. Paulson proposes sweeping changes to rules for financial
system and broad expansion of the Fed's role.

U.S. indexes open mostly lower Monday as quarter shapes up as biggest loser in four years

Date: 31 MAR 2008 13:40:41 GMT

U.S. indexes open mostly lower Monday as quarter shapes up as biggest
loser in four years
3/31/2008 9:39:05 AM

Shiite Cleric Pulls Fighters Off Streets

Breaking NewsMarch 30, 2008

Shiite Cleric Pulls Fighters Off Streets

Shiite cleric Muqtada al-Sadr is offering to pull his fighters off the
streets of Basra and other cities if the government stops "illegal and
haphazard raids" against his followers and releases prisoners held
without charge. 
--------------------
World

Israel To Remove West Bank Roadblocks

Israel pledged to remove some West Bank roadblocks as a start to
"concrete steps" in an agreement with the Palestinians that is aimed at
paving the way for a final peace deal this year. 
--------------------
Politics

Richardson: Voters Decide, Not Big Shots

To the suggestion that his recent endorsement of Sen. Obama showed
personal disloyalty to Sen. Hillary Clinton, Gov. Bill Richardson said
that in deciding between love for country and love for the Clintons, he
chose his country. 
--------------------
Health

Kidney Disease Hospitalizations Soar

The annual number of U.S. hospitalizations of people with kidney disease
quadrupled from 1980 to 2005, according to the CDC. The rise was
greatest in people aged 65 and older.