Friday, February 01, 2008
U.S. stocks fight to maintain gains in face of mixed data
U.S. stocks fight to maintain gains in face of mixed data
U.S. stocks faltered Friday as early cheer from Microsoft's $44.6
billion bid for Yahoo Inc. was overshadowed by the first January U.S.
payrolls dip in more than four years.
Microsoft offers $44.6 bln for Yahoo; targets 'dominant player'
Microsoft Corp. on Friday offers to buy search-engine operator Yahoo
Inc. for $31 a share, or $44.6 billion, in an effort to better compete
with online-advertising juggernaut Google Inc.
The Ratings Game: Google downgraded over risk concerns
Analyst downgrades Google to hold from buy, citing the Internet
giant's increasing risk profile.
Exxon Mobil shatters profit records; quarterly net rises 14%
NEW YORK
Exxon Mobil on Friday reported its most lucrative quarter ever, as
profit neared the $12 billion mark on a slight rise in adjusted oil
production, capping off a year of record crude-oil prices.
Rio Tinto stock surges after Alcoa, Chinalco build 12% stake
Shares in Rio Tinto surge after Alcoa Inc. and Aluminum Corp. of China
say they've acquired a 12% stake in the group, putting themselves in the
middle of a battle for control of the mining giant.