Yahoo, Microsoft Strike Internet-Search Advertising Agreement
July 29 (Bloomberg) — Microsoft Corp. and Yahoo! Inc. agreed to collaborate on Internet search and online advertising, creating a united front to challenge Google Inc.
Under the agreement, Microsoft will get a 10-year license for Yahoo’s “core search technologies,” the companies said today in a statement. Microsoft’s Bing will become the algorithmic search and paid [...]
SEC rule on 'naked' short-selling now permanent
WASHINGTON (AP) — Federal regulators on Monday made permanent an emergency rule put in at the height of last fall’s market turmoil that aims to reduce abusive short-selling.
The Securities and Exchange Commission announced that it took the action on the rule targeting so-called “naked” short-selling, which was due to expire Friday.
Short-sellers bet against a stock. [...]
Minimum wage set to rise to $7.25 on July 24
On Friday, the federal minimum wage rises for the third year in a row, sparking the perennial argument among economists: Will it help workers at the bottom of the ladder, or will it kill their jobs?
The U.S. minimum wage goes to $7.25 an hour, from $6.55, according to the U.S. Department of Labor. Most states [...]
CIT reaches tentative $3 billion deal with bondholders
* CIT reached $3 billion financing deal with bondholders
* CIT hopes to avoid bankruptcy with deal
* Bondholder group includes Pimco
* Deal is part of a larger restructuring plan-source (Adds details on financing)
U.S. home prices fall 18.7 percent on year in March
NEW YORK (Reuters) – Prices of U.S. homes in March fell a sharp 18.7 percent from a year earlier, though some relief appeared to be in sight as, for the second month, prices did not slide at a record rate as they had been doing since late 2007.
Still, single-family home prices according to the Standard [...]