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Market Update : 
Yahoo, Countrywide Fall; Sprint, Oil Rise
Author: 123jump.com Staff
123jump.com
Last Update: 5:09 PM EDT May 05 2008

U.S. stocks opened and closed lower. Yahoo and Microsoft were $4 per share apart and called off merger talks. Sprint is likley to initiate merger talks with Deutsche Telekom. Sprint surged 10%. Separately, Arcelor Mittal is in preliminary talks with the second largest steel company Angang Steel in China. Countrywide plunged 10% on the speculation that the Bank America purchase terms may be revised substantially.

 

 

 
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