trading sessions

Is the Yahoo deal done yet? The stock market thinks so, slicing Yahoo’s financial value by 15% in the last two trading sessions.

If the deal were still alive, then the stock would be moving the other way around. Yahoo’s chief Jerry Yang says the $37-per-share demand wasn’t etched in stone but he’s sporting a good dose of Wall Stree’s most lethal cologne – desperation - for anyone to take him too seriously today.

Still, I think he wants Steve Ballmer to come back to the table and do the deal. But Ballmer and Microsoft seem to want to move on.

Traders are still buzzing about how...

This past week was another challenging sequence of trading sessions for investors. Consumer confidence came in around 62, at its lowest level in 26 years, and the Royal Bank of Scotland suffered an 11 billion dollar writedown due to the US subprime mortgage crisis.