Yahoo Rejects Icahn's Bid for Control, Says Rebuffing Microsoft Was Right Yahoo! Inc., fighting billionaire
investor Carl Icahn's bid to take control of the board, said it
was right to reject Microsoft Corp.'s $47.5 billion offer and
that its directors are the most qualified to boost Yahoo's value.
Mishkin Says Fed Should Tighten Regulation to Avert Asset-Price `Bubbles' Central bankers should strengthen
regulation to avert a credit-fueled increase in asset prices and
forgo raising interest rates in an attempt to reverse a future
price surge, Federal Reserve Governor Frederic Mishkin said.
Stock-Index Futures Advance; Exxon, Lockheed Martin Shares Gain in Europe U.S. stock-index futures climbed,
indicating the Standard & Poor's 500 Index will extend its weekly
advance, as higher oil prices lifted energy shares and Nordstrom
Inc. reported better-than-estimated earnings.
Fed, BOE Signal End of Rate Cuts as Price Pressures Increase, Crisis Eases The world's most powerful central
banks are telegraphing the end of interest-rate cuts, and
traders already anticipate the first steps in the opposite
direction.
Buffett's Berkshire Boosts Kraft, Wells Fargo Investments on Share Decline Billionaire Warren Buffett's
Berkshire Hathaway Inc. took advantage of falling share prices
in the first quarter to boost stakes in Kraft Foods Inc. and
Wells Fargo & Co.
Setubal Sees Brazil in `Transformation' as Funds Flock to Currency, Equity Banco Itau Holding Financeira SA's
Roberto Egydio Setubal, head of Brazil's second-biggest non-
government bank, said his nation is in a ``transformation''
that's creating the best conditions for business he's ever seen.
Argentina's Farmers Pin Tax-Repeal Hope on Disenchantment Over Fernandez Striking farmers in Argentina are
counting on the plunging popularity of President Cristina
Fernandez de Kirchner to help force the repeal of higher export-
taxes that have disrupted grain shipments.
Ortiz May Keep Mexico Interest Rate at 7.5% as Inflation Threatens Target Mexico's central bank will probably
keep its benchmark interest rate unchanged for a seventh
consecutive month as policy makers weigh above-target inflation
against concerns economic growth is slowing.
Copper Heads for First Weekly Gain in May on Supply Outlook, Chile Concern Copper rose, heading for the first
weekly gain this month, on expectations stockpiles monitored by
the London Metal Exchange will extend declines and a labor strike
will resume at Codelco, the world's largest copper producer.
Endesa's Enersis Is Recommended by Jim Cramer on Chilean Demand for Power Enersis SA, the Latin American
investment unit of Spain's Endesa SA, was recommended by CNBC
``Mad Money'' host Jim Cramer because of high demand for power
in Chile.
Soybeans Rise as Argentine Farmers Extend Strike Over Taxes, Block Exports Soybean futures rallied in Chicago on
speculation that farmers in Argentina, the world's third-largest
exporter of the oilseed, will continue a two-month dispute with
the government over export taxes that has disrupted shipments.