| Google winner as Microsoft and Yahoo face off
A proxy fight could stretch until July, the latest it could hold its annual meeting this year, followed by a strict regulatory review process in the United States and Europe. After clearing those hurdles, Microsoft and Yahoo will have to merge two different advertising systems and consolidate completely separate back-end computer systems. Already, Microsoft is seeking to absorb its $6 billion purchase of advertising services company aQuantive from mid-2007. All the while, Microsoft has to figure out how to head off a feared mass exodus of Yahoo employees while paring back redundant brands. Continued... .
NYPD DAILY BLOTTER
A man was stabbed multiple times in a Lower East Side nail salon yesterday morning, police said. The victim, whose name was not released, was knifed at the Kevin Nail Salon at Clinton Street and East Broadway around 10 a.m. He was treated at Bellevue Hospital for non-life threatening injuries. Witnesses said cops arrested the stabber shortly after the incident in his nearby apartment. QUEENS An unlicensed massage therapist molested a woman during a rubdown in Flushing, authorities said yesterday. Yong Tao, 27, allegedly fondled the victim twice last month while giving her massages to treat her scoliosis at a facility on Roosevelt Avenue near Main Street. Tao, arrested Tuesday, is charged with eight counts of sexual abuse and unauthorized practice, according to a spokeswoman for DA Richard Brown.
Rumor Control
UPDATE] One clue may have surfaced this morning, when Microsoft Casual chief Chris Early hinted that a major announcement related to "asynchronous play" between Windows and Xbox Live and Microsoft-backed mobile devices would be made during Schappert's keynote speech. [UPDATE 2] On February 20, Schappert unveiled a massive new Community Gaming program at GDC which will let indepedent developers create and upload their own games onto Xbox Live. .
Stocks await Bernanke
Investors shrugged off a string of bad economic news on Tuesday, including a surge in wholesale prices and a weak reading on consumer confidence, to finish that session higher. But they appeared less upbeat on Wednesday, as the dollar sank to an all-time low against the euro and crude prices kept up their record run. All eyes are on Bernanke, who is due to testify before the House Financial Services Committee. Investors will be looking for clues about what the Fed plans to do with interest rates. They'll also scrutinize comments any comments he makes about the economy and credit problems. Also, two economic reports are expected today. Durable orders are expected to show decline of 4% in January, according to economists surveyed by Briefing.com. In December, durable goods orders fell 5.2%.
Cruel defeat snuffs out European dream
IN THE end, the emotions were not so much mixed as scrambled to the four corners of Hampden. We had seen Italy score in 70 seconds, we had seen them dominate the early minutes with some chilling football that not only took the fire out of the home support but also shocked Alex McLeish's team to the core. But in the final stages of the game it was the world champions who had the heat coming on them, their lead wiped-out by a scrambled Barry Ferguson goal just after the hour, their assurance of before in danger of being stripped away. With ten minutes remaining, Scotland drove forward once again, the substitute Kenny Miller linking with James McFadden and sending the most delicious ball across the Italian penalty area. The Azzurri were at sixes and sevens, Fabio Cannavaro and Gianluca Zambrotta, two of the game's pre-eminent defenders from two of the world's most glamorous clubs, were over-run.
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