Newspaper wap-up: Tech firms to invest in wireless
Posted May 7th 2008 8:05AM by Laurie Pasternack
Filed under: Newspapers, Magazines, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Intel (INTC), Sprint Nextel Corp (S), Comcast Cl'A' (CMCSA), Wachovia Corp (WB)
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MAJOR PAPERS:
WEB SITES:
- Bloomberg reported that the Department of Justice is probing whether UBS AG (NYSE: UBS) helped clients evade American taxes. In an e-mailed statement, the firm said one senior bank employee was "briefly detained" by authorities.
- Bloomberg also reported that Vallejo, California's city council voted to go into bankruptcy. Officials said that after talks with labor unions failed to win salary concessions from police and fire fighters, the city does not have enough money to pay its bills.
- According to a rumor, TechCrunch reported that the Yahoo Inc (NASDAQ: YHOO) board of directors yesterday authorized Yahoo chairman Roy Bostock, rather than CEO Jerry Yang, to call Microsoft Corporation (NASDAQ: MSFT) CEO Steve Ballmer about re-starting negotiations.
Tags: bankruptcy, Clearwire, CLWR, CMCSA, CMCSK, Comcast, Department of Justice, DepartmentOfJustice, GOOG, GOogle, INTC, Intel, Jerry Yang, JerryYang, Microsoft, MSFT, probe, S, Sprint, sprint nextel, sprint nextel wimax, SprintNextel, SprintNextelWimax, Steve Ballmer, SteveBallmer, Time Warner Cable, TimeWarnerCable, TWC, UBS, UBS AG, UbsAg, Vallejo, Wachovia, WB, WiMax, Yahoo, YHOO
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