Yahoo stocks climb on buyout speculation

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Source: Marketwatch

Yahoo Inc. stocks extended gains as various media speculated on potential offers for the search engine which is struggling to maintain its market share against Google Inc. Last week Yahoo closed at $16.23 appreciating more than 7%. According to latest reports Yahoo Inc. could be valued at $20 per share. Nevertheless, potential bidder, Alibaba Group, refused to provide any details of potential deal. 

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Mon, 05 Dec 2011 13:58:36 GMT

Hang Seng extends modest gains

Hong Kong's Hang Seng Index ended 0.7% or 139.30 points up closing at 19,179.69 as investors reflected their optimism that European leaders will be able to provide tangible solution for debt crisis this week. Exporters Hong Kong, Li & Fung Ltd. and Lenovo Group Ltd. supported the index adding 3.3% and 2% respectively. China Southern Airlines Co. weighted down the index as its shares lost

Mon, 05 Dec 2011 14:00:06 GMT

S&P 500 and Dow Jones end week slightly down

Although US stocks opened higher on Friday morning trade, Dow Jones Industrial Average and S&P 500 Index did not manage to maintain gains and closed slightly down. Dow Jones Industrial Average gave up 0.01% or 0.61 points and closed at 12,019.42 while S&P 500 slid 0.02% or 0.30 points and ended week at 1,244.28. Nasdaq Composite was the only of three major indexes that managed to

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