Friday, May 4, 2007

U.S. Stocks Gain on Takeover Speculation, Employment Report; Yahoo Rallies

(Bloomberg) -- U.S. stocks rose for a fourth day on speculation Microsoft Corp. wants to buy Yahoo! Inc. and an employment report that may boost odds the Federal Reserve will cut interest rates.

Shares of Yahoo, owner of the most-visited U.S. Web site, soared and Microsoft, the world's largest software maker, fell after the New York Post reported that Microsoft hired Goldman Sachs Group Inc. to advise on a possible deal. Reuters Group Plc, the biggest publicly traded provider of financial data, said it received a takeover approach from an unidentified company.


Read more at Bloomberg Stocks News

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