Stocks Rise Modestly
Stocks were trading higher Thursday but showing little conviction as investors tried to make up their minds about a batch of moderately weaker economic data and some weaker earnings reports.On Thursday, the Dow Jones industrial average was trading 13.35 points, or 0.10%, higher at 12,911.73. The broader S&P 500 index was up 1.52 points, or 0.11%, at 1,410.18. The tech-heavy Nasdaq composite index rose 6.16 points, or 0.25%, to 2,502.86.CNET Networks Inc. (CNET), the Internet news provider, agreed to be acquired by CBS Corp. in a $1.8 billion deal that will give CNET shareholders $11.50 in cash for each CNET share they own. Standard & Poor's downgraded the stock to hold from buy.Billionaire activist investor Carl Icahn confirmed that he's launching a proxy battle to oust Yahoo's (YHOO) board of directors after the technology company's "irrational" actions toward Microsoft's (MSFT) takeover bid. In a letter to Yahoo Chairman Roy Bostock, Icahn said he...
Google udostępnia API wyszukiwania geograficznego
Zaledwie dzień po tym, jak Yahoo! udostępniło deweloperom swoją bazę map Google zdecydowało się na podobny krok. GeoSearch to stworzony przez giganta z Mountain View interfejs programowania aplikacji, który pozwoli na dodawanie do własnych stron geograficznych wyników wyszukiwania, wcześniej dostępnych tylko na witrynach Google'a.