Archive for May 13th, 2008

Shares of Yahoo spiked more than 6% in afternoon trading Tuesday as a CNBC report said that billionaire activist Carl Icahn is 'mulling' the idea of leading a shareholder revolt to oust the company's board of directors.

Wall Street slipped Tuesday as record oil prices lured investors away from stocks, despite a stronger dollar and positive statements on the U.S. economy from the Federal Reserve.

In this tough selling environment, Wal-Mart's business is quite literally going to the dogs. And to a few cats as well.

The software giant's moves after its failed bid for Intuit a decade ago offers a preview of its post-Yahoo strategy. By Michael V. Copeland

Stocks were still down slightly late Tuesday as investors focused on record oil and gas prices instead of a stronger dollar and positive statements on the U.S. economy from the Federal Reserve.

Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982.

In this tough selling environment, Wal-Mart's business is quite literally going to the dogs. And to a few cats as well.

Congress, as part of a plan to tame record oil prices, is voting Tuesday on measures aimed at stopping President Bush from continuing to fill the nation's Strategic Petroleum Reserve.

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Fewer people will fly this summer, according the Air Transport Association, and those who do should expect higher fares and crowded flights.