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Latest Business News
Yahoo! News: Business
Icahn's Yahoo fight puts Microsoft in driver's seat (Reuters)

Microsoft Corp Chairman Bill Gates speaks during a news conference in Tokyo May 7, 2008. (Yuriko Nakao/Reuters)Reuters - Two weeks after Microsoft Corp abandoned its pursuit of Yahoo Inc , a proxy fight launched by activist investor Carl Icahn has put Microsoft in the driver's seat.


Oil's fall, techs' gain drive stocks higher (Reuters)

Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose in light trading on Thursday, pushing the S&P 500 to its highest close since January, as a pullback in oil prices eased concerns about inflation and a battle to control Yahoo Inc helped the tech sector.


Buffett pulls out of RBS insurance sale: report (Reuters)

Billionaire financier and Berkshire Hathaway CEO Warren Buffett plays bridge with cards with his picture on during the shareholders annual meeting in Omaha, Nebraska, May 4, 2008. (Carlos Barria/Reuters)Reuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) has pulled out of the bidding in Royal Bank of Scotland's 7 billion pound ($13.62 billion) auction of its UK insurance business, the Financial Times reported on Friday.


SMFG posts rise in profit, forecasts modest growth (Reuters)
Reuters - Sumitomo Mitsui Financial Group reported a 5 percent rise in annual profit as bond sales helped offset subprime losses, and it forecast modest growth this year.
Macy's to have FAO Schwarz boutiques in stores: report (Reuters)

A man carries shopping bags as he crosses the street near the Macy's department store in New York, December 23, 2006. (Keith Bedford/Reuters)Reuters - Macy's Inc is expected to announce plans on Friday to open specialty U.S. toy retailer FAO Schwarz's toy boutiques in its 685 stores that carry children's clothing, the Wall Street Journal said.


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