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Recent News:

07/24/2008 Microsoft CEO backs Web spending, "done" with Yahoo (Reuters)

Microsoft Chief Executive Officer Steve Ballmer speaks during the launch ceremony of Microsoft's new research and development centre in Herzliya near Tel Aviv May 21, 2008. Ballmer on Thursday defended the company's need to make steep investments in its Internet business in order to compete with Google Inc and said such moves could boost its value in time. (Gil Cohen Magen/Reuters)Reuters - Chief Executive Steve Ballmer on Thursday defended Microsoft Corp's need to make heavy investments in its Internet businesses but said the company was "done," for now, with pursuing Yahoo Inc.


07/24/2008 Wall Street tumbles, led by financials (Reuters)

The sun lights the exterior of the New York Stock Exchange, as people walk past on the shadowed street, July 16, 2008. (Chip East/Reuters)Reuters - Stocks tumbled more than 2 percent on Thursday after a report showing yet another drop in U.S. home sales prompted investors to take profits in financial shares, which had rallied over the past week.


07/24/2008 JP Morgan, NAB discuss breakup of UK's HBOS: report (Reuters)

HBOS signage outside the EICC building, ahead of their AGM today, in Edinburgh, Scotland June 26, 2008. (David Moir/Reuters)Reuters - U.S. investment bank JP Morgan and National Australia Bank have held talks about forming a consortium to break up British bank HBOS , the UK's Telegraph newspaper reported on its Web site.


07/24/2008 Wachovia CFO Wurtz to leave (Reuters)

A Wachovia Bank branch is seen in Denver July 22, 2008. (Rick Wilking/Reuters)Reuters - Wachovia Corp , which posted a record $8.86 billion second-quarter loss Tuesday, said Chief Financial Officer Thomas Wurtz will resign from the fourth-largest U.S. bank after a successor is named.


07/24/2008 Private equity firms eye BankUnited: report (Reuters)
Reuters - Two private-equity firms are considering investments in BankUnited Financial Corp , weighed down by a huge portfolio of adjustable-rate mortgages, The Wall Street Journal said citing people familiar with the situation.

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