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Alibaba Group posts

Closing Bell: The Market Advances Without Conviction (BA, YHOO)

Posted Sep 15th 2010 4:10PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, Yahoo! (YHOO), Boeing Co (BA), S and P 500, DJIA, NASDAQ

The market ignored intervention on behalf of Japan to drive down the value of the yen and an anemic improvement in August industrial output, which was only up .2%, to post a very modest gain for the day.

Today's closing bell numbers:

Dow Jones 10,572.73 +46.24 (0.44%)
S&P 500 1,125.07 +3.97 (0.35%)
Nasdaq 2,301.32 +11.55 (0.50%)

Continue reading Closing Bell: The Market Advances Without Conviction (BA, YHOO)

Newspaper wrap-up: Lewis, Cayne reportedly seek new bidder for Bear

Posted Mar 19th 2008 8:10AM by Laurie Pasternack (RSS feed)
Filed under: Newspapers, Magazines, Yahoo! (YHOO), JPMorgan Chase (JPM), Barclays plc ADS (BCS),

MAJOR PAPERS:

Jarrett Lilien, E-Trade Financial Corporation's (NASDAQ: ETFC) president and COO, who lost out on the CEO job last month to Donald Layton, is going to resign from the online brokerage firm, the Wall Street Journal reported; Layton doesn't plan to fill the position.
Chinese Internet search firm Baidu.com Inc (NASDAQ: BIDU) is poised for aggressive growth but must also confront a number of obstacles, according to the Wall Street Journal's "Heard in Asia," including a number of lawsuits regarding its music services and a vacancy in the CFO position.
Alibaba Group, a Chinese Internet company , is in advanced talks with investors to finance its acquisition of Yahoo! Inc's (NASDAQ: YHOO) stake to expand its management independence, the Wall Street Journal reported.

OTHER PAPERS:

According to inside sources, the New York Post reported that billionaire Joseph Lewis and former Bear Stearns Companies Inc (NYSE: BSC) CEO Jimmy Cayne are looking for a white knight that could surpass JPMorgan Chase & Co's (NYSE: JPM) takeover offer for Bear Lewis and Cayne have reportedly reached out to several private equity firms and overseas banks, including Barclays Plc (NYSE: BCS) and Credit Suisse Group (NYSE: CS).

WEB SITES:

Medical supplies boss Michael Mastromarino, accused of stealing the body parts of around 1,000 corpses, has pleaded guilty to several charges in a deal with prosecutors. The BBC News reported that the Biomedical Tissue Services company shipped bones, skin and tendons to tissue-processing companies such as LifeCell Corporation (NASDAQ: LIFC) and Tutogen Medical Inc (AMEX: TTG), which are in turn facing hundreds of civil lawsuits.