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Tuesday, February 12, 2008

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Tuesday, February 12, 2008

• Endgame's up in air after Yahoo says no
Yahoo Inc.'s rejection of Microsoft's unsolicited takeover bid left investors guessing the next move in a tense mating dance that may hatch a more imposing challenger to Google Inc. or disintegrate into a brawl.

• AVI BioPharma's new chief
inherits year of challenges AVI BioPharma said Monday that it had hired Leslie Hudson as its new chief executive.

• BlackBerry service goes out
For the second time in a year, the Canadian maker of the BlackBerry e-mail and phone device suffered a major breakdown Monday that cut off wireless e-mail throughout North and Central America.

• Industry Notes
TECH NOTES

• Lenders team up to throw 'Lifeline'
WASHINGTON -- With mortgage defaults surging and politicians urging the industry to do more, six lenders agreed to widen their effort to help borrowers of all loans -- not just subprime.

• Mortgage insurer clamps down on its underwriting policies
PMI Group Inc., a Walnut Creek-based corporation, reported it would end underwriting mortgage insurance for those buying homes with less than 10 percent down in California, Florida and most of Arizona and Nevada starting March 1. It also will stop insuring loans nationally for homebuyers with less than 3 percent down.

• News highlights
NEWS UPDATE: THE DOW

• Regulation catches half of seafood sellers
SALEM -- Only about half of Oregon retailers follow federal rules for labeling seafood with its country of origin, but a state report says the problems seem to be a lack of information, not defiance.

• Unclogging Net becoming priority
NEW YORK -- In 1995, the first warning was raised: The throngs of people swarming to the Internet would overwhelm the system in 1996. For more than a decade, that fear has proven untrue.