Markets Friday, 05/9/2008

Friday, 5/9/2008

| Dow : 12745.88 down 120.90

| S & P : 1388.28 down 9.40

| NASDAQ: 2445.52 down 5.72

| Bond (10Y): 3.77%, 101.09

MARKETS:
Stocks slide on oil and AIG
Wall Street retreats after crude and gas prices hit new record highs,
and the insurer disappoints.

U.S. stocks decline on credit turmoil; weekly losses of 1% plus

Date: Fri, 09 May 2008 17:04:06 -0400
U.S. stocks decline on credit turmoil; weekly losses of 1% plus

U.S. stocks tumble, with the major indexes headed towards weekly losses,
as the financial sector spouts more leaks after American International
Group Inc. reports a $7.8 billion loss and Citigroup Inc. unveils plans
to shed about half a trillion dollars in assets.

AIG's shares fall 8% on record loss, $12.5 billion capital plan

American International Group reports a $7.81 billion first-quarter net
loss as the giant insurer gets hit hard by the credit crunch. AIG's
blue-chip shares feel heavy selling pressure.

Crude futures close near $126, up over 8% for the week

Crude-oil futures close at an all-time high near $126 a barrel, with
strong demand for diesel fuel and concerns about global crude supplies
prompting a weekly gain of over 8%.

Could shareholders boot out Yahoo's board?

As Yahoo gets ready to face the wrath of shareholders, the company may
learn from the plight of another tech firm, whose board directors
rejected a sweetened takeover offer and are now on the verge of being
booted out.

Citi to slash a fifth of balance sheet in coming years

Citigroup unveils plans to reduce its asset base by about $500 billion
over the next several years, in a bid to shore up its capital base and
rid itself of riskier investments.

Stocks stumble, with the Dow shedding about 120 points, after AIG reported weak results and oil surged to a new record.

Date: Fri, 9 May 2008 16:01:05 -0400

Stocks stumble, with the Dow shedding about 120 points, after AIG
reported weak results and oil surged to a new record.

Breaking News Fri., May 9, 2008

Date: Fri, 9 May 2008 09:43:30 -0700 (PDT)

MYANMAR GOVERNMENT TO ACCEPT LIMITED U.S. AID, WILL ALLOW ONE PLANE TO
DELIVER CYCLONE RELIEF SUPPLIES.

U.S. stocks slammed by big AIG loss

Date: Fri, 09 May 2008 12:02:56 -0400
U.S. stocks slammed by big AIG loss

U.S. stocks tumble as the financial sector spouts more leaks after
American International Group Inc. reports a $7.8 billion loss and
Citigroup Inc. unveils plans to shed about half a trillion dollars in
assets.

Commodities Corner: Consumers feed run on rice

It was quite the scene at Costco when the wholesaler placed signs above
a brand new shipment of rice: "limit two bags." Fears may prompt
hoarding, but analysts say the cyclone that hit Myanmar may cause a real
shortage.

Diageo to spend $1 billion in Irish brewery revamp

Diageo plans to spend about $1 billion to revitalize a famed Dublin
brewery that makes Guinness and to build a second facility.

Citigroup aims to eliminate $500 billion in non-core assets

Citigroup unveils plans to reduce its asset base by about $500 billion
over the next several years in a bid to shore up its capital base and
rid itself of riskier investments.

Futures Movers: Oil futures touch an all-time high above $126 a barrel

Crude-oil futures blitz past $126 a barrel, poised to score a weekly
gain of more than 7% with strong demand for diesel fuel and concerns
about global crude supplies sending prices to a fresh all-time high.

Gas costs squeeze daily life

Date: Fri, 09 May 2008 05:59:40 -0500

NEWS
Age, mold assail military barracks
---------------------------------------------
Soldiers returning from Iraq and Afghanistan can find themselves living
in less-than-ideal conditions as base commanders work to keep up with
repairs to sometimes-century-old buildings.

U.S. military denies Iraq report of al-Qaeda arrest
---------------------------------------------
The U.S. military on Friday denied Iraqi government claims that the
leader of al-Qaeda in Iraq was captured and said a man with a similar
name had been arrested in the northern city of Mosul.

Mexican farms employ kids illegally, U.N. says
---------------------------------------------
About 300,000 youngsters work illegally in Mexico's fields, the United
Nations Children's Fund says. In some cases, child farm labor is used to
produce goods that are exported to the USA.

MONEY

Gas prices rattle Americans
---------------------------------------------
Record high gas prices are prompting Americans to drive less for the
first time in nearly three decades, s causing major shifts in driving
habits.

Mortgage crisis seeps to prime loans
---------------------------------------------
The first concrete evidence that delinquencies on mortgage bills have
spread well beyond those with subpar credit shows that even prime
borrowers have increasingly fallen behind on their house payments.

Small business helps boost Sam's Club sales
---------------------------------------------
Cheap fuel, low food prices and a focus on its small business customers
are helping Sam's Club boost the amount shoppers spend in its warehouse
clubs despite the tough retail climate, according to its chief executive
officer.
http://www.usatoday.com/money/smallbusiness/2008-05-08-sams-club_N.htm

U.S. trade deficit narrows more than expected, to $58.2 billion for March

Date: Fri, 09 May 2008 08:34:38 -0400

U.S. trade deficit narrows more than expected, to $58.2 billion for
March
5/9/2008 8:31:23 AM

CEO Pandit says Citigroup plans to eliminate about $500 billion in assets

Date: Fri, 09 May 2008 08:53:23 -0400

CEO Pandit says Citigroup plans to eliminate about $500 billion in
assets
5/9/2008 8:49:54 AM

Crude surges more than $2 to climb above $126 a barrel, extending oil's record breaking rise.

Date: Fri, 9 May 2008 09:26:03 -0400

Crude surges more than $2 to climb above $126 a barrel, extending oil's
record breaking rise.

Dow industrials down more than 100 points in broadly lower open

Date: Fri, 09 May 2008 09:34:44 -0400

Dow industrials down more than 100 points in broadly lower open
5/9/2008 9:31:43 AM

Markets

Thursday, 5/8/2008

| Dow : 12866.78 up 52.43

| S & P : 1397.68 up 5.11
|
| NASDAQ: 2451.24 up 12.75

| Bond (10Y): 3.78%, 100.38

MARKETS:
Stocks rise despite oil spike
Wall Street ends higher as investors eye some better-than-expected April
retail sales and take in stride rising oil prices.

U.S. stocks close with modest gains on discount retail sales

Date: Thu, 08 May 2008 17:03:53 -0400
U.S. stocks close with modest gains on discount retail sales

Stocks remain higher, but shave earlier gains amid lingering worries
over the high price of gasoline and the shaky economy, with April retail
sales showing consumers still spending, but far more frugally.

Easter shift, discounts lift April sales; weak outlook still seen

Consumers seeking value and buying groceries and other necessities
bolstered April sales at discounters, and a tighter hold on wallets led
to cautious spending in discretionary items, yielding mixed results for
apparel retailers.

Jennifer Openshaw: The 15-minute tip: Focus on 'walkability' for health,
finances

Walked anywhere lately? And I don't mean just between the kitchen and
living room, but to get somewhere? Somewhere you might usually go by
car?

Therese Poletti's Tech Tales: Microsoft should nuke Vista instead of
Windows XP

There is not a chance that it'll ever happen, writes Therese Poletti,
but the software giant should euthanize Vista and write it off as a huge
mistake.

Breaking News

Date: Thu, 8 May 2008 16:58:05 -0400

The leader of al Qaeda in Iraq has been arrested, an Iraqi Defense
Ministry spokesman tells The Associated Press.

AIG reports $7.8 billion loss, plans to raise $12.5 billion in capital

Date: Thu, 08 May 2008 16:25:34 -0400

AIG reports $7.8 billion loss, plans to raise $12.5 billion in capital
5/8/2008 4:19:11 PM

House passes $300 billion housing rescue plan that will allow the government to back loans for struggling homeowners.

Date: Thu, 8 May 2008 16:27:05 -0400

House passes $300 billion housing rescue plan that will allow the
government to back loans for struggling homeowners.

Wal-Mart, other retailers help U.S. stocks rebound

Date: Thu, 08 May 2008 12:02:52 -0400
Wal-Mart, other retailers help U.S. stocks rebound

U.S. stocks rise modestly after the largest decline in a month as retail
sales figures for April showed consumers changing their habits but still
spending and the Labor Department reported a decline in those seeking
initial jobless benefits.

Easter shift, discounts lift April sales; weak outlook still seen

Consumers seeking value and buying groceries and other necessities
bolstered April sales at discounters, and a tighter hold on wallets led
to cautious spending in discretionary items, yielding mixed results for
apparel retailers.

Economic Report: Weekly initial jobless claims fall 18,000 to 365,000

U.S. unemployment lines got shorter last week, as the number of people
filing for the first time for unemployment benefits falls to 365,000,
down 18,000.

Best Buy, Carphone Warehouse ink $2.1 bln Europe venture

U.K. mobile phone retailer and telecoms company Carphone Warehouse said
Thursday its agreed to sell half its retail business to consumer
electronics giant Best Buy for $2.1 billion.

Toyota posts lower profit, forecasts annual decline; shares skid

Toyota Motor shares trade lower as the automaker posts a
bigger-than-expected 28% decline in net income for the January to March
quarter from a year earlier, owing to a stronger yen and weaker U.S.
auto sales.

U.S. continuing jobless claims hit four-year high; initial claims off 18,000 last week

Date: Thu, 08 May 2008 08:35:22 -0400

U.S. continuing jobless claims hit four-year high; initial claims off
18,000 last week
5/8/2008 8:31:54 AM

Fw: Stocks rise at the open as Wall Street dissects April retail sales figures, a stronger dollar and record oil prices.

Date: Thu, 8 May 2008 09:33:04 -0400

Stocks rise at the open as Wall Street dissects April retail sales
figures, a stronger dollar and record oil prices.

U.S. continuing jobless claims hit four-year high; initial claims off 18,000 last week

Date: Thu, 08 May 2008 08:35:22 -0400

U.S. continuing jobless claims hit four-year high; initial claims off
18,000 last week
5/8/2008 8:31:54 AM

U.S. stocks end broadly lower as crude oil closes at new high

Date: Wed, 07 May 2008 17:03:22 -0400
U.S. stocks end broadly lower as crude oil closes at new high

Stock finish broadly lower as crude-oil prices above $123 a barrel
alarmed investors already worried about the impact on consumers as well
as the overall economy.

Futures Movers: Oil ends atop $123, up almost 10% in four sessions

Crude-oil futures climb above $123 a barrel to close at their loftiest
level ever as continuing global production concerns and a decline in
U.S. refinery capacity help outweigh pressure from a third week of
rising U.S. crude supplies.

In WiMax group, Google taps another untested path to wireless

Google Inc.'s backing of Sprint Nextel's WiMax project taps yet another
route to ensure itself a prominent place in the mobile-Internet
marketplace.

Special Report: Fed rate cuts helped boost food prices, spark shortages

The Federal Reserve's seven interest rate cuts in as many months, which
helped protect the U.S. economy from the full effects of the housing
crisis and the resulting credit crunch, also contributed to the spike in
raw material costs that has been felt across the globe, experts say.

Markets Wednesday, 05/7/2008

Wednesday, 5/7/2008

| Dow : 12814.35 down 206.48

| S & P : 1392.57 down 25.69
|
| NASDAQ: 2438.49 down 44.82

| Bond (10Y): 3.84%, 96.63

MARKETS:
Oil spikes, stocks tank
Crude prices top $123 a barrel, dragging on equity prices as investors
step back after a strong April and start to May.

Dow industrials down as much as 220 points as crude claims latest record high

Date: Wed, 07 May 2008 15:35:57 -0400

Dow industrials down as much as 220 points as crude claims latest record
high
5/7/2008 3:32:46 PM

Oil prices settle at record $123.53 after a government report said crude and gas supplies were stronger than expected.

Date: Wed, 7 May 2008 15:09:03 -0400

Oil prices settle at record $123.53 after a government report said crude
and gas supplies were stronger than expected.

Consumer borrowing rose $15.3 billion in March, far exceeding forecasts.

Date: Wed, 7 May 2008 15:05:09 -0400

Consumer borrowing rose $15.3 billion in March, far exceeding forecasts.

U.S. stocks trim losses as oil-futures slide after inventory data

Date: Wed, 07 May 2008 12:02:53 -0400
U.S. stocks trim losses as oil-futures slide after inventory data

U.S. stocks on Wednesday remain mostly lower as pending home sales fell
in March and as oil prices remained near record territory, offsetting
cheer over better-than-hoped-for results from Walt Disney Co. and Cisco
Systems Inc.

Walt Disney Co.'s shares rise after profit exceeds estimates

Walt Disney Co.'s shares get a boost as the blue-chip entertainment
giant posts better-than-expected 21% growth in second-quarter profit,
driven by its theme parks and studio operations.

Déjà vu: Sprint Nextel, Clearwire revive WiMax venture

Sprint Nextel and Clearwire agree to merge their next-generation
wireless broadband businesses, reviving the plan with some deep-pocketed
partners.

Special Report: Fed rate cuts helped boost food prices, spark shortages

The Federal Reserve's seven interest rate cuts in as many months, which
helped protect the U.S. economy from the full effects of the housing
crisis and the resulting credit crunch, also contributed to the spike in
raw material costs that has been felt across the globe, experts say.

Clinton ekes out Indiana win as Obama takes N.C.

Barack Obama wins a surprisingly easy victory in North Carolina's
Democratic primary, but falls behind Sen. Hillary Clinton in Indiana.

Stocks fall at the open as investors weigh a weak outlook from Cisco, good Disney earnings and higher productivity.

Date: Wed, 7 May 2008 09:32:08 -0400

Stocks fall at the open as investors weigh a weak outlook from Cisco,
good Disney earnings and higher productivity.

Pending home sales hit record low for second month in a row, Realtors' group says.

Date: Wed, 7 May 2008 10:01:03 -0400

Pending home sales hit record low for second month in a row, Realtors'
group says.

A key gauge of productivity rose 2.2% in the first quarter, better than expectations.

Date: Wed, 7 May 2008 08:32:07 -0400

A key gauge of productivity rose 2.2% in the first quarter, better than
expectations.

Cisco reports higher revenue despite economy worries

Date: Tue, 06 May 2008 17:03:08 -0400

Cisco reports higher revenue despite economy worries
May 06, 2008 04:21 PM ET
NEW YORK (Reuters) - Cisco Systems Inc on Tuesday reported a rise in
quarterly revenue as growth in Internet traffic supported
sales of network equipment despite concerns of a slowing U.S. economy.

Nasdaq rises 1 percent in late trading
May 06, 2008 03:20 PM ET
NEW YORK (Reuters) - The Nasdaq briefly rose 1 percent in late trading
on Tuesday, with technology shares gaining on speculation
that Microsoft Corp and Yahoo Inc will resume takeover talks.

Disney results beat Wall Street, shares rise 3 pct
May 06, 2008 04:37 PM ET
LOS ANGELES (Reuters) - Walt Disney Co on Tuesday posted a
better-than-expected
22 percent rise in quarterly earnings on double-digit growth at its
movie studio, theme parks and media networks, sending its shares up 3
percent.

Cisco reports higher revenue despite economy worries

Date: Tue, 06 May 2008 17:03:08 -0400

Cisco reports higher revenue despite economy worries
May 06, 2008 04:21 PM ET
NEW YORK (Reuters) - Cisco Systems Inc on Tuesday reported a rise in
quarterly revenue as growth in Internet traffic supported
sales of network equipment despite concerns of a slowing U.S. economy.

Nasdaq rises 1 percent in late trading
May 06, 2008 03:20 PM ET
NEW YORK (Reuters) - The Nasdaq briefly rose 1 percent in late trading
on Tuesday, with technology shares gaining on speculation
that Microsoft Corp and Yahoo Inc will resume takeover talks.

Disney results beat Wall Street, shares rise 3 pct
May 06, 2008 04:37 PM ET
LOS ANGELES (Reuters) - Walt Disney Co on Tuesday posted a
better-than-expected
22 percent rise in quarterly earnings on double-digit growth at its
movie studio, theme parks and media networks, sending its shares up 3
percent.

Markets

Tuesday, 5/6/2008

| Dow : 13020.83 up 51.29

| S & P : 1418.26 up 10.77

| NASDAQ: 2483.31 up 19.19

| Bond (10Y): 3.92%, 96.59

MARKETS:
Wall Street pulls off a rally
Stocks jump despite record crude oil prices and big quarterly loses in
the financial sector.

U.S. stocks end higher as Fannie Mae reassures investors

Date: Tue, 06 May 2008 17:03:30 -0400

U.S. stocks end higher as Fannie Mae reassures investors

U.S. stocks on Tuesday shake off early declines, with investors
heartened by Fannie Mae's calming words to investors about its financial
situation and by perceptions that Microsoft Corp and Yahoo Inc. might
continue merger discussions after all.

MarketWatch First Take: Goldman Sachs goads the raging oil bulls

Goldman Sachs has warned us: The wolf is once again lurking at the door,
this time in the guise of $200 oil.

Disney earnings surpass $1 billion, beat estimates

Walt Disney Co.'s parks managed to overcome a sluggish economy and its
studio operations flourished, enabling the company to report that
second-quarter earnings climbed more than 21% and beat analyst
expectations.

Cisco reports 5% drop in profit, but revenue rises

Cisco Systems Inc. reports a 5% drop in third-quarter profit, but posts
a 10% jump in revenue.

Special Report: Commodity squeeze: Consumers and food makers feel the
pain

While consumers feel the pain at grocery-store cash registers, so do the
food makers whose products line the store shelves.

U.S. stocks drop as crude topples previous highs

Date: Tue, 06 May 2008 12:02:50 -0400
U.S. stocks drop as crude topples previous highs

U.S. stocks fall sharply, extending losses into a second day, as oil
climbes above $122 a barrel and earnings from Fannie Mae, UBS and D.R.
Horton point to further trouble in financial and housing markets.

Futures Movers: Crude futures tap an all-time high of $122 as dollar
weakens

NEW YORK
Crude-oil futures trade near a record high of $120.93 a barrel hit
earlier in the session, as weakness in the U.S. dollar boosts energy
prices.

UBS to cut 5,500 jobs, sell $15 bln portfolio to BlackRock

Troubled Swiss banking group UBS said Tuesday that it plans to cut 5,500
jobs and sell a $15 billion chunk of its risky mortgage assets to
BlackRock Inc. as it reported a first-quarter loss broadly in line with
an earlier warning.

Credit expenses take toll on Fannie Mae earnings

Mortgage-finance giant Fannie Mae reports a much greater-than-expected
first-quarter loss of $2.2 billion, as credit-related expenses took a
bite out of its bottom line.

Crude hits new high of $121.49 a barrel

Date: Tue, 06 May 2008 09:51:59 -0400

Crude hits new high of $121.49 a barrel
5/6/2008 9:49:40 AM

Report: 10M children die from lack of health care every year

Date: Tue, 06 May 2008
Updated 06:18 AM ET

NEWS

Report: 10M children die from lack of health care every year
---------------------------------------------
More than 200 million children worldwide under age 5 do not get basic
health care, leading to nearly 10 million deaths annually from treatable
ailments like diarrhea and pneumonia, a U.S.-based charity said
Wednesday.

Junta slows cyclone aid to Burma
---------------------------------------------
World scrambles to aid victims of cyclone that devastated Burma where
more than 10,000 people could have been killed.

Experimental meningitis vaccine shows promise
---------------------------------------------
An experimental meningitis vaccine appears to generate more potent
immunity than the version now available in young people who suffer most
from the disease, researchers reported Monday.

MONEY
Bernanke: Let's fight foreclosures
---------------------------------------------
Federal Reserve Chairman Ben Bernanke warned late Monday that the
federal government should do more to stave off home foreclosures that
threaten credit markets and the economy, even as a Fed survey showed the
percentage of banks tightening credit for consumers and businesses
reached historic highs.

Tropicana files for Chapter 11 protection amid Jersey joust
---------------------------------------------
The owner of Tropicana casinos in Atlantic City and Las Vegas filed for
Chapter 11 bankruptcy protection Monday, nearly five months after New
Jersey regulators stripped the Tropicana Casino and Resort of its
license.

UBS reports $11.5 billion loss, will slice 5,500 jobs
---------------------------------------------
Swiss bank UBS AG announced Tuesday it would cut 5,500 jobs and reported
a net loss of 11.5 billion Swiss francs ($10.97 billion) for the first
quarter of this year.

Fannie Mae reports a larger than expected loss, plans to cut dividend and raise additional capital, Dow Jones reports.

Date: Tue, 6 May 2008 07:40:08 -0400

Fannie Mae reports a larger than expected loss, plans to cut dividend
and raise additional capital, Dow Jones reports.

Stocks fall at the open as investors mull a much larger than expected loss at mortgage giant Fannie Mae.

Date: Tue, 6 May 2008 09:32:08 -0400

Stocks fall at the open as investors mull a much larger than expected
loss at mortgage giant Fannie Mae.

Breaking News Mon., May 5, 2008

Date: Mon, 5 May 2008 20:17:36 -0700

CYCLONE IN MYANMAR AND ITS AFTERMATH KILLED 15,000 PEOPLE, INCLUDING
10,000 IN ONE TOWN, GOVERNMENT OFFICIAL SAYS

Markets Monday, 05/5/2008

Date: Mon, 5 May 2008 17:31:04 -0400

| Dow : 12969.54 down 88.66

| S & P : 1407.49 down 6.41

| NASDAQ: 2464.12 down 12.87

| Bond (10Y): 3.86%, 97.00

MARKETS:
Down day on Wall Street
Stocks slip after crude hits new record, Microsoft abandons Yahoo bid
and questions are raised about BofA's purchase of Countrywide.

U.S. stocks end lower as oil tops $120, Microsoft dumps Yahoo bid

Date: Mon, 05 May 2008 17:11:38 -0400

U.S. stocks end lower as oil tops $120, Microsoft dumps Yahoo bid

U.S. stocks broadly lower, pressured by news of Microsoft Corp. dropping
its $50 billion offer for Yahoo Inc. and after an analyst said Bank of
America Corp. should abandon its takeover of Countrywide Financial
Corp.

Yahoo's shares plunge 16% after Microsoft pulls bid

Shares of Yahoo Inc. are tumbling more than 16% after Microsoft Corp.
pulled its takeover bid.

Economic Report: Banks squeezing credit to consumers, businesses

Consumers and businesses found it harder to borrow money over the past
three months, the Federal Reserve reports Monday, a sign that the
historic credit crunch now hitting the economy is still worsening.

Futures Movers: Oil futures near $120 to end at a fresh record on
Nigeria, dollar

Crude futures climb to uncharted territory in New York as concerns about
supply disruptions in Nigeria and weakness in the U.S. dollar help lift
prices to a near $120 a barrel.

Sprint may field offers, mull Nextel spinoff

Sprint Nextel is reportedly on the radar of German phone giant Deutsche
Telekom as a possible acquisition, a deal that could be made easier if
Sprint gets rid of the Nextel portion of its business.

Dow industrials close down 88 points as oil spikes, Yahoo deal falls apart

Date: Mon, 05 May 2008 16:11:03 -0400

Dow industrials close down 88 points as oil spikes, Yahoo deal falls
apart
5/5/2008 4:07:44 PM

tocks close lower as oil tops $120 for first time and Microsoft walks away from Yahoo bid.

Date: Mon, 5 May 2008 16:01:04 -0400

Stocks close lower as oil tops $120 for first time and Microsoft walks
away from Yahoo bid.

Oil settles at a new record of $119.97 a barrel on the New York Mercantile Exchange, up $3.65 since Friday.

Date: Mon, 5 May 2008 15:03:03 -0400

Oil settles at a new record of $119.97 a barrel on the New York
Mercantile Exchange, up $3.65 since Friday.

Crude oil prices surged over $120 a barrel for the 1st time ever in morning trade at the NYMEX.

Date: Mon, 5 May 2008 11:19:03 -0400

Crude oil prices surged over $120 a barrel for the 1st time ever in
morning trade at the NYMEX.

Business activity surges in April for service-based companies - signaling expansion in the sector.

Date: Mon, 5 May 2008 10:03:04 -0400

Business activity surges in April for service-based companies -
signaling expansion in the sector.

Stocks fall as investors dissect Microsoft's decision to walk away from Yahoo bid. Microsoft rises, Yahoo plummets, Google goes up.

Date: Mon, 5 May 2008 09:34:03 -0400

Stocks fall as investors dissect Microsoft's decision to walk away from
Yahoo bid. Microsoft rises, Yahoo plummets, Google goes up.

Yahoo's shares plunge 20% in wake of Microsoft ditching deal

Date: Mon, 05 May 2008 09:49:14 -0400

Yahoo's shares plunge 20% in wake of Microsoft ditching deal
5/5/2008 9:46:10 AM

Microsoft withdraws buyout bid for Yahoo.

Date: Sat, 3 May 2008 20:01:05 -0400

Microsoft withdraws buyout bid for Yahoo.

Obama wins the Guam caucuses

May 3, 2008

Obama wins the Guam caucuses.

Barack Obama wins in Saturday's Democratic caucuses on Guam by just
seven votes. More than 4,500 island Democrats voted.