Microsoft has been trying to join powers with Yahoo for some time to try to beat market juggernaut Google--Microsoft apparently didn't offer Yahoo a good enough deal, which opened the door for Google to spread its influence even farther, and to partner with Yahoo. Interesting how joining with Google could possibly benefit both Yahoo and Google (at least, they can find an agreeable partnership for now).
More news about the economy doing better (rather than weakening, maybe stabilization); also economists seem to back up the Fed. Inflation is supposed to dip to 2.4% rather than 3.9%, which is a mixed sign. Before people start worrying too much (these numbers have been going up and down, mind you), keep in mind that the historical average is 3.42%--we're relatively close to that.
Lehman Bros reported their first negative quarter in its history, I believe, and people act like the world is ending. It likely doesn't warrant firings, but if that's what keeps the investors happy...
I always find strikes interesting, because of the economic situation that drives people to strike, and the economic consequences following the strike. Recently, in Spain, the shellfish industry is affected by striking lorry drivers.
Looks like the Fed is right to target inflation. Note Houston isn't too bad, according to the graphic. Beware Dallas.
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