Stocks Fall; Yahoo Microsoft Talks Fail

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Market Update :

Stocks Fall; Yahoo, Microsoft Talks Fail

Author: 123jump.com Staff
123jump.com
Last Update: 10:05 AM EDT May 05 2008

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U.S. stocks fell at the opening after the merger talks between Yahoo and Microsoft fell. Yahoo fell nearly 20% after the two companies could not agree on a price. Sprint Nextel rose on the potential interest from Deutsche Telekom. Arcelor Mittal, the largest steel company and second largest Chinese steel company are in merger talks. Berkshire Hathaway, after reporting sharply lower earnings over the weekend, is expected to make a purchase in Europe.

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