Archive for May 13th, 2008

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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

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

Currency trends can affect the yields on your international stock funds. Here's how you can protect yourself.

By now you've had enough of the endless gloom in today's economic news: record oil prices, slower home sales, deepening loan losses, disappointing corporate earnings. What you're really looking for at this point are a few signs of hope.

Hewlett-Packard announced Tuesday it is buying Electronic Data Systems for about $13.9 billion in cash, as it aims to step up competition for the computer services business with rival IBM.

Stocks were mixed early Tuesday as investors looked to Hewlett-Packard's nearly $14 billion acquisition of EDS and Wal-Mart's better earnings and tepid forecast.

Stock futures were up Tuesday after rebounding from much lower levels from earlier in the morning. Investors began to cheer solid results from retail giant Wal-Mart Stores, an better-than-expected April retail report, and comments from Fed chief Ben Bernanke that the Fed's measures have boosted the economy somewhat.

Overall retail sales declined in April thanks to weakness at car dealers, the government reported Tuesday.

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