Friday, May 4, 2007

U.S. Stock-Index Futures Gain Amid Yahoo, Microsoft Takeover Speculation

(Bloomberg) -- U.S. stock-index futures rose on takeover speculation after the New York Post reported that Microsoft Corp. wants to buy Yahoo! Inc.

Shares of Yahoo, owner of the most-visited U.S. Web site, soared and Microsoft fell after the Post reported, citing unidentified banking sources, that Microsoft hired Goldman Sachs Group Inc. to advise on a possible deal. Reuters Group Plc, the world's largest publicly traded provider of financial data, said it received a takeover approach from an unidentified company.


Read more at Bloomberg Stocks News

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