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Yahoo shares fall 17 pct after Microsoft withdraws bid (AP)

AP - Yahoo shares fell 17 percent in early trading Monday as hopes for the once-dominant search engine dimmed following Microsoft's withdrawal of a $47.5 billion takeover bid. Read more…


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Competitive zeal of Ballmer key element in Yahoo chase (AP)

AP - As Yahoo continued to resist Microsoft's $42 billion takeover offer, a key question was just how far Microsoft's excitable CEO, Steve Ballmer, was willing to go in hopes of defeating online advertising and search leader Google. Read more…


Amazon suing NY state over sales tax law (Reuters)

Reuters - Amazon.com Inc has sued the state of New York, challenging a new statute requiring Internet retailers based elsewhere to collect New York sales taxes. Read more…


Nokia to offer "a lot" of new phones in the U.S. (Reuters)

Reuters - Nokia (NOK1V.HE) is going to introduce many new phone models through U.S. carriers in coming months to grab a bigger share of the lucrative cell phone market, the Finnish phone maker said on Monday. Read more…