Online Search Posts -- BloggingStocks

online search posts

Closing Bell: When news and earnings exhaustion occurs (BCRX, BAC, CIT, GE, GOOG, SU, YHOO, MSFT)

Posted Jul 17th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), General Electric (GE), Bank of America (BAC), CIT Group (CIT)

This was one of those low-report days for economic data. We had two current and one former DJIA components report earnings and the earnings reactions today were only so so. Today's action felt like a long week that ended the start of earnings season where traders just wanted that closing bell to come. The DJIA and S&P were so mixed throughout the day that knowing where the markets were was a guess more than a feel.

Here are today's unofficial closing bell levels:

Dow 8,743.94 +32.12 (0.37%)
S&P 500 940.38 -0.36 (-0.04%)
Nasdaq 1,886.61 +1.58 (0.08%)

Top Analyst Upgrades/Downgrades

Continue reading Closing Bell: When news and earnings exhaustion occurs (BCRX, BAC, CIT, GE, GOOG, SU, YHOO, MSFT)

Did Microsoft (MSFT) just cut deal to buy Yahoo! (YHOO) search?

Posted Nov 30th 2008 6:06AM by Douglas McIntyre (RSS feed)
Filed under: Rumors, Microsoft (MSFT), Yahoo! (YHOO)

The Times of London says Microsoft (NASDAQ: MSFT) is on the brink of taking control of Yahoo!'s (NASDAQ: YHOO) search business. AllThings Digital says the story is hogwash.

According to the UK paper, "Microsoft is in talks to acquire Yahoo's online search business for $20 billion (£13 billion)." In the transaction, former AOL CEO Jonathan Miller and former Fox executive Ross Levinsohn would end up managing Yahoo! and owning a big piece of the business. The account says that the boards of both companies have met on the deal.

Contrast that to the U.S. technology website's take. "A report in the Times of London in which Microsoft would buy Yahoo's search business in a convoluted $20 billion deal that would include well-known Internet execs Jon Miller and Ross Levinsohn, is -- in the words of one key player -- 'total fiction.'"

The news, or lack of news, points to the role rumor has come to play in important M&A negotiations. How could a major newspaper be so wrong? How could a website, considered an expert in news about the internet, contradict reporting that was obviously based on the Times interviewing people at the center of the deal?

One of two significant industry sources is almost certainly completely wrong. Why on earth would that medium run a story that clearly has no foundation?

When rumors rule, "news" is worthless.

Douglas A. McIntyre is an editor at 247wallst.com.

Featured Posts

In The News

Subscribe: Subscribe to feed; Add to My AOL; Sub with Bloglines

BloggingStocks bloggers (30 days)

#	Blogger	Posts
1	Joseph Lazzaro	120
2	Tom Johansmeyer	104
3	Steven Mallas	53
4	Connie Madon	49
5	Tom Taulli	48
6	Steven Halpern	37
7	Mark Fightmaster	37
8	Trey Thoelcke	35
9	Paul Foster	25
10	Zac Bissonnette	25
11	Brian White	24
12	Brent Archer	23
13	Jon Ogg	23
14	Jim Cramer	22
15	Melly Alazraki	22
16	Eric Buscemi	18
17	Michael Fowlkes	16
18	Michael Shulman	13
19	Elizabeth Harrow	12
20	David Schepp	9

Indexes	Change	Price
DJIA	+44.29	10,291.26
NASDAQ	+15.82	2,166.90
S&P 500	+5.50	1,098.51

Last updated: November 11, 2009: 09:36 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

Closing Bell: When news and earnings exhaustion occurs (BCRX, BAC, CIT, GE, GOOG, SU, YHOO, MSFT)