reportonbusiness.com: notSet

Posted AT 6:32 PM EDT on 05/05/08

Yahoo shares plunge

MICHAEL LIEDTKE

The Associated Press

NEW YORK — Yahoo shares fell 15 per cent Monday as hopes for the once-dominant Internet icon dimmed following Microsoft's withdrawal of a $47.5-billion (U.S.) takeover bid. The selloff wiped out nearly half the gain in Yahoo Inc.'s stock price since Microsoft Corp. made its initial offer on Jan. 31 in an effort to challenge online advertising and search leader Google Inc.

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TSX
DJIA
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Market	Change	Value
Data delayed 15 minutes
S&P/TSX	-306.52	13,206.14
DJIA	-283.10	11,349.28
S&P 500	-29.65	1,252.54
Nasdaq	-45.77	2,280.11

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At the close: Banks back on ice

Plus: Uh-oh, did he say $1-trillion?

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