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From Money-Rx Blog - view blog entries - visit this blogJune 18, 2020 at 12:59 am ET
San Jose Mercury News reports that Flickr founders Caterina Fake and Stewart Butterfield are the latest in a string of executive resignations at Yahoo! Inc. Fake, who led the the effort to create Brickhouse, Yahoo's ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 15, 2020 at 1:27 pm ET
Yahoo! Inc. CEO Jerry Yang is drawing a lot of heat from the media. He can ignore bloggers like me making fun of his Icahn FAQ, but when Techcrunch and the venerable New York Times ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 13, 2020 at 5:01 pm ET
Daniel Goldman, writing for Conde Nast's Portfolio, has breathed fresh life into the 'Friends of Angelo' scandal at Countrywide Corp. Senators Christopher Dodd and Kent Conrad refinanced properties through Countrywide’s “V.I.P.” program in 2003 and ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 12, 2020 at 3:11 pm ET
Yahoo! Inc. has just announced that talks between it and Microsoft Corp. for a full or search limited buyout by Microsoft have ended with Microsoft refusing to go for a full buyout of Yahoo! Inc. ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 11, 2020 at 5:54 am ET
So Yahoo! Inc. posted the following FAQ on its internal intranet site for Yahoo! employees on June 10, 2008, explaining its position and thinking with regards to the 'Change in Control Employee Severance Plans' (Background ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 11, 2020 at 3:30 am ET
So Yahoo! Inc. posted the following FAQ on its internal intranet site for Yahoo! employees on June 10, 2008, explaining its position and thinking with regards to the 'Change in Control Employee Severance Plans' (Background ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 10, 2020 at 12:19 am ET
Federal Reserve Bank of New York President Timothy Geithner hosted a meeting of 17 major financial institutions who represent 90% of trading in credit derivatives, to discuss the creation of a central clearing house for ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 9, 2020 at 12:26 am ET
Angelo R. Mozilo, the 69 year old Chairman and CEO of Calabasas, CA based Countrywide Financial Corp. (NYSE: CFC), the nation's biggest mortgage lender, is in the news for all the wrong reasons.
As the company ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 6, 2020 at 2:38 pm ET
So my inbox is being blitzed with SEC filings by Yahoo detailing the love letters exchanged between billionare investor Carl Icahn and Yahoo! Inc. Chairman Roy Bostock. Considering I've already written everything I can think ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 5, 2020 at 1:50 pm ET
The U.S. Senate Banking Committee, chaired by Sen. Christopher Dodd (D-CT) held a hearing on 'Securities Underwriting Practices at Investment Banks' with Fed Vice Chairman Donald Kohn and Sheila Bair, FDIC Chairman, among others, providing ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 3, 2020 at 6:14 pm ET
Sunnyvale, CA based Yahoo! Inc. has set August 1st 2008 as the date for its next annual meeting of shareholders. According to the SEC filing, the meeting will be held at the Fairmont San Jose, ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 3, 2020 at 12:12 am ET
In an earlier post, I wrote that Joel Friedlander, the attorney for two Detroit city pension funds who are suing Yahoo for rejecting Microsoft's offer, had submitted a letter to the judge handling the case ... ( more)
From Money-Rx Blog - view blog entries - visit this blogJune 2, 2020 at 7:47 am ET
Calabasas, CA based Countrywide Financial Corp. (NYSE: CFC) stockholders will vote on June 25th at a special meeting on whether to ratify the $4 billion acquisition proposal from Charlotte, NC based Bank of America Corp. ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 30, 2020 at 12:54 am ET
This article I'm dividing into two parts. The first deals with lobbyist and former Texas Senator Phil (William Phillip) Gramm, currently also the national campaign general co-chair and economic advisor to Sen John McCain's Presidential ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 29, 2020 at 11:37 am ET
A majority of Bear Stearns shareholders approved a buyout of the company for about $10 per share by J.P. Morgan Chase & Co. at a brief meeting of shareholders at the Bear Stearns Headquarters in ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 28, 2020 at 11:36 am ET
End of the road for Yahoo! Inc. as a seperate entity and it's time to put your money where your mouth is. If you want to make money off the MS-Yahoo bid, now's the time. ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 25, 2020 at 10:06 pm ET
Siemens AG, the target of multinational bribes-for-business probes which became public when German prosecutors raided Siemens' offices in Nov 2006, is expecting the probes to widen to include charges being filed against more senior level ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 22, 2020 at 10:53 pm ET
In a just filed 8-K with the SEC, Yahoo says that "Mr. Edward Kozel resigned from the Board of Directors of Yahoo! Inc. Mr. Kozel noted in a letter to the Company that he had ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 22, 2020 at 11:53 am ET
Most everyone knows about how research at DARPA led to the innovation we now know as the internet, as a response to its communication needs. And now the U.S. Military is launching a 'green makeover' ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 21, 2020 at 10:25 am ET
Joseph Lieberman, chairman of the Senate Homeland Security and Government Affairs Committee, says he's considering legislation limiting large institutional investors in commodities markets. In his opening statement at a hearing convened to discuss the role ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 20, 2020 at 11:09 pm ET
WSJ reports that Carl Icahn's Yahoo bid is rapidly gaining support from exisiting and new shareholders. The list of supporters now includes Texas billionaire T. Boone Pickens, Daniel Loeb's Third Point LLC, and, as mentioned ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 20, 2020 at 1:23 pm ET
Just when you think everything about the origin, buildup and the mayhem unleashed by subprime mortgage loans has already been inked and rehashed and the lessons learned, Washington drums up another wackadoo scheme which simply ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 18, 2020 at 11:03 pm ET
Here we go again. I think I may have to start a seperate section just for this hare brained deal. Microsoft is considering and has raised with Yahoo! an alternative that would involve a transaction ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 17, 2020 at 9:07 pm ET
It looks like Google might be thinking about bailing out of an 'adsourcing' deal with Yahoo! Inc. Here's the background info on the Google-Yahoo ad deal, and here's the latest on the MS-Yahoo-Icahn deal. Ok, ... ( more)
From Money-Rx Blog - view blog entries - visit this blogMay 15, 2020 at 11:13 pm ET
The Fed Reserve seems to be moving towards implementing regulation and monetary policy shifts to stop asset bubbles from building up. In a series of comments by Federal Bank Governors, they have let it be ... ( more)
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