Stocks mixed after retail sales report, spiking oil
NEW YORK (AP) -- Wall Street turned in a mixed performance Tuesday after a fresh report on retail sales and a new oil price record told investors the same old story: The economy is hurting and costs are rising, but things could be worse....
HP taking aim on IBM with risky $13.2B acquisition of EDS
SAN FRANCISCO (AP) -- Riding a hot streak that has doubled its stock price in the past three years, Hewlett-Packard Co. is rolling the dice on a $13.2 billion acquisition of technology services provider Electronic Data Systems Corp....
Wal-Mart and TJX report solid 1st-quarter profit gains
NEW YORK (AP) -- Solid first-quarter profits from discounters Wal-Mart and TJX show that more Americans are hunting for bargains as they struggle to cover their monthly credit card payments, put food on the table and gas in the family car....
Reports: Carl Icahn considering attempt to oust Yahoo board
SAN FRANCISCO (AP) -- Billionaire investor Carl Icahn is reportedly loading up on Yahoo Inc.'s stock in preparation for a possible attempt to shove aside the Internet icon's board and bring the company's disillusioned suitor, Microsoft Corp., back to the bargaining table....
IAC, Liberty resolve spinoff legal skirmish
NEW YORK (AP) -- Media moguls Barry Diller and John Malone have settled their differences over the breakup of Diller's IAC/InterActiveCorp, paving the way for the Internet conglomerate to spin off four of its units....
Iran report pushes oil to new record, gas jumps above $3.73
NEW YORK (AP) -- Oil prices shot to a new record near $127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away....
Median home prices drop in many cities
WASHINGTON (AP) -- Median home prices fell in two-thirds of the cities surveyed during the first three months of this year while sales declined in 46 states compared to a year ago, according to the latest report highlighting the depth of the nation's housing woes....
Corporate Express rebuffs sweetened Staples bid
BOSTON (AP) -- Hours after saying it was open to holding talks, Corporate Express NV said Tuesday a sweetened $2.47 billion hostile takeover bid from its larger office products rival Staples Inc. is still too low....
Fewer fliers for summer, but packed planes persist
WASHINGTON (AP) -- Fewer Americans are expected to fly this summer, but don't expect more empty seats as carriers park planes to help offset surging fuel costs....
Bernanke: Financial turmoil in markets easing
WASHINGTON (AP) -- Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday....
Bob Mitchell
