Newspaper wrap-up: Microsoft will wait out Yahoo, and not raise its offer
Posted Apr 1st 2008 8:00AM by Laurie Pasternack
Filed under: Newspapers, Magazines, Microsoft (MSFT), Yahoo! (YHOO), General Motors (GM), Boeing Co (BA), Lehman Br Holdings (LEH)
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MAJOR PAPERS:
- If Yahoo! Inc (NASDAQ: YHOO) accepts a buyout offer from Microsoft Corporation (NASDAQ: MSFT), it will have to be at the software maker's original offer of $44.6B. Microsoft won't raise the price, the Wall Street Journal reported, and the state of the economy might work in their favor.
- The FAA said that landing gear made by Illinois-based AAR Corporation (NYSE: AIR), and used on hundreds of Boeing Company (NYSE: BA)-built aircraft, includes "unapproved" parts, the Wall Street Journal also reported.
- Lehman Brothers Holdings Inc (NYSE: LEH) is thinking of not allowing its two British subprime mortgage units to provide any new loans. The Financial Times reported that the company may also order the units to put additional pressure on borrowers with a spotty credit history whose mortgages are coming to the end of fixed-rate terms.
OTHER PAPERS:
Tags: AAR Corp, AarCorp, AIR, American Axle, American Axle strike, AmericanAxle, AmericanAxleStrike, AXL, BA, Boeing, general motors, GeneralMotors, GM, LEH, lehman, lehman bros, lehman bros., lehman brothers, LehmanBros, LehmanBros., LehmanBrothers, microsoft, MSFT, Yahoo, Yahoo Inc, Yahoo!, YahooInc, YHOO
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