<< Read Full Article
<< Read Full Article
Shares of Yahoo!(YHOO Quote) soared 48% after Microsoft(MSFT Quote) moved to acquire the company for $31 a share in a cash-and-stock offer valued at about $44.6 billion.
The offer represents a 62% premium above Yahoo's Thursday closing price of $19.18. Yahoo's stock was up $9.20 to $28.38. Shares of Microsoft fell $ 2.15, or 6.6%, to $30.45.
According to several published reports, Standard & Poor's yesterday affirmed Ambac's(ABK Quote) crucial perfect rating while warning that it may still cut that of MBIA (MBI Quote). Moody's, for its part, has warned it will probably hit some bond insurers with downgrades this month, per several reports. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,477.17 | 1,109.44 | 2,177.81 | 32.45 |
Oil *
79.59
|
|
UP
132.33
|
UP
13.81
|
UP
33.21
|
UP
0.44
|
10 Yr
3.24%
SPDR Gold
117.56
|
|
+1.28%
|
+1.26%
|
+1.55%
|
+1.37%
|
Data delayed 20 minutes |
Connect with TheStreet