Microsoft withdraws offer for Yahoo
SAN FRANCISCO (Reuters) - Microsoft Corp walked away from its bid to buy Yahoo Inc on Saturday after the Internet company turned down its offer to raise the price by $5 billion to $47.5 billion.

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Buffett says Fed avoided chaos in Bear bailout
OMAHA, Nebraska (Reuters) - Warren Buffett said on Saturday said the U.S. Federal Reserve avoided financial market "chaos" in coordinating the March bailout of Bear Stearns Cos , which faced imminent bankruptcy before agreeing to be acquired by JPMorgan Chase & Co .

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Job cuts in April less severe than feared
WASHINGTON (Reuters) - The economy lost jobs for the fourth month in a row in April but at a slower pace than earlier in the year, easing fears that the economy was at a growing risk of slipping into a deep recession.

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Boeing denies media report on 787 delivery delay
FRANKFURT (Reuters) - Boeing Co. denied a German media report on Saturday it had informed customers of another delay on its new 787 Dreamliner model.

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BASF says financial crisis hardest in N.America: report
FRANKFURT (Reuters) - German chemicals company BASF has felt the repercussions of a financial crisis mostly in North America and expects the global market for chemicals to grow by 2.8 percent this year, its chief executive told a German weekly.

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Shell shuts more Nigerian oil after rebel attack
LAGOS (Reuters) - Royal Dutch Shell shut down more of its production in Nigeria after a fresh militant attack on Saturday on a flowstation in the restive Niger Delta, where local militants have stepped up a campaign of violence.

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JPMorgan says no near end to financial crisis: report
FRANKFURT (Reuters) - JPMorgan Chase & Co does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday.

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  • Wachovia raises $8B by offering common, preferred stock

    All Associated Press news CHARLOTTE, N.C. (AP) - Wachovia Corp. says it has raised $8.05 billion in an offering of common and preferred stock.The nation's fourth-largest bank says the amount exceeds i...

  • Erg puts Power head in charge of Enertad

    Research ) has stamped its mark on Enertad, the renewable power producer it controls, with the appointment of its Power & Gas unit head as the new chief executive.