Friday, February 1, 2008

Microsoft Bids $44.6 Billion for Yahoo!

http://www.nytimes.com/2008/02/01/business/01cnd-yahoo.html?ref=technology

In related news:

From Marketwatch.com - Shares of Google Inc. (GOOG) fell 8% in premarket trading after the Internet search giant posted quarterly results that fell short of Wall Street analysts' expectations.

10:35 (Dow Jones) Deutsche Bank cuts Monster (MNST) to hold from buy, based on declines in job postings in January, increased concerns about a recession, execution risk ("management looks focused on reinvesting") and managing its sales operations. "We think the stock is likely to remain rangebound as we need to see stability in recruitment activity," firm says. Cuts price target to $27 from $47 - a level it hasn't seen since May. MNST down 3.9% at $27.50.

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