Archive for May 19th, 2008

A 1961 Ferrari California Spyder sold for $10,894,900 at an auction in Maranello, Italy, Saturday. It was the highest price ever paid for a vintage car at auction, according to RM Auctions and Sotheby's, the companies that organized the sale.

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The behavior of Wall Street and its analysts may seem arbitrary, based on emotion, greed, self-aggrandizement and a narrow understanding of the true interests of organizations and the customers they serve. It takes deep study to perceive otherwise.

Stocks rallied Monday afternoon, as a better-than-expected economic reading and bets that some form of a Microsoft-Yahoo deal will go through overshadowed spiking oil and gas prices.

On Capitol Hill this week, lawmakers are set to continue to grapple with the best response to the rising tide of home foreclosures. But the Bush administration says it has a solution in place: A nine-month old mortgage refinancing program run by the Federal Housing Administration.

The behavior of Wall Street and its analysts may seem arbitrary, based on emotion, greed, self-aggrandizement and a narrow understanding of the true interests of organizations and the customers they serve. It takes deep study to perceive otherwise.

Dell named former GE Plastics chief Brian Gladden as its new CFO replacing Don Carty. The move makes Gladden a likely successor to Michael Dell should Dell vacate the top job again.

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Yahoo shares climbed slightly as Microsoft showed interest in a possible deal for the Internet giant's search advertising business.