Microsoft is talking with Yahoo again. But so what? A merger will happen eventually and the longer this soap opera goes on, the stronger Google will get.
NEW YORK (CNNMoney.com) — Way to go, Steve Ballmer. You sure showed Yahoo who’s boss!
Actually, the Microsoft-Yahoo takeover saga isn’t over by a long shot.
Even though Microsoft “walked away” [...]

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Sure you want to save gas, but there’s a lot of bad advice on how to do it. Some of it makes no difference, and some of it can wind up costing you.
NEW YORK (CNNMoney.com) — With gasoline prices hitting record levels, it seems everyone has a tip on how to save fuel. Much of the [...]

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1961 Ferrari convertible sells for the highest recorded price ever paid at a car at auction.
NEW YORK (CNNMoney.com) — A 1961 Ferrari California Spyder sold for $10,894,900 at an auction in Maranello, Italy, Saturday. It was the highest price ever paid for a vintage car at auction, according to RM Auctions and Sotheby’s, the companies [...]

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Bargain hunters snap up 15,615 properties - foreclosure sales and big discounts included - in an area hard hit by housing slump.
SAN DIEGO (AP) — Home sales surged 22% in April in Southern California as bargain-hunters bought lower-end homes in areas hardest hit by foreclosures, a research firm said Monday.
Sales of new and resale homes [...]

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was some big news in the housing market Monday afternoon. Negotiators in the Senate Banking Committee agreed on a deal that will expand the Federal Housing Administration’s power to refinance troubled mortgages and give the companies a new, more powerful regulator. Many market players, such as BlackRock (BLK) chief Larry Fink, have held out hope [...]

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Nonresidential construction held up as housing slumped. But a slowdown for offices, hotels and malls is looming, which could be another jolt to the economy.
NEW YORK (CNNMoney.com) — Demand for new homes collapsed last year. Next up could be a similar drop in the rest of the construction market — and that could be the [...]

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Investors, initially drawn out of bonds and into stocks, returned after chip maker SanDisk warned of lower sales.
NEW YORK (AP) — Treasury prices rebounded Monday, with investors returning to the safety of government securities after stocks gave up an early rally due to weakness in the technology sector.
Earlier in the day, the stock market had [...]

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S&P 500 hits a 5-month high and the Dow transports reach an all-time mark following a better-than-expected leading indicators report.
NEW YORK (CNNMoney.com) — Blue chips clung to gains Monday, with the S&P 500 narrowly eking out a five-month high, thanks to a stronger-than-expected economic indicators report. But tech selling kept the Nasdaq in the red, [...]

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Crude still closes at new record as Saudis shut down Bush and Goldman Sachs predicts much higher prices.
NEW YORK (CNNMoney.com) — The government said Friday that it would halt deliveries to the strategic oil reserves in July, a move many lawmakers have been calling for in an attempt to boost oil supplies and bring down [...]

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More than 15 million American households receive stimulus checks. Treasury Department says most of the payments will be sent by mid-summer.
NEW YORK (CNNMoney.com) — The Treasury Department said Friday it sent out more than 15 million economic stimulus payments this week, totaling more than $13.5 billion, in an effort to boost the nation’s spending power.
The [...]

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