CNBC.com's News Now

Friday, Feb. 01, 2008

1. Microsoft Bids $44.6B for Yahoo: Yahoo's board of directors will evaluate the unsolicited proposal from Microsoft, reports CNBC's David Faber. 2. Cramer on Microsoft/Yahoo Offer Mad Money's Jim Cramer raves about Microsoft's offer for Yahoo. 3. New Bank Consortium: The consortium focuses on Ambac, reports CNBC's Charlie Gasparino. 4. Mass. Sues Merrill: The fallout from the subprime slime keeps oozing through the financial system, reports CNBC's Steve Liesman. Former SEC Chairman Harvey Pitt shares his insight. 5. January Employment Report: The numbers from the Labor department, with Jack Bouroudjian, Brewer Investment Group; Diane Swonk, Mesirow Financial; Mark Zandi, Moody's Economy.com; Bob Barbera, ITG; Peter Yastrow, MF Global; CNBC's Rick Santelli & Steve Liesman.

The Microsoft Deal For Yahoo Microsoft made a big move today with its hostile bid to acquire Yahoo. Jim Goldman blogged on the story with his unique perspective and resources. Read his uptake on the possibilities for the deal and what it all means. Click here to view posting.

		VIDEO OF THE WEEK Microsoft Bids $44.6B for Yahoo Yahoo board of directors will evaluate the unsolicited proposal from Microsoft, reports CNBC's David Faber.

MICROSOFT/YAHOO! Jim Goldman monitors the latest news from the tech front as the Microsoft/Yahoo deal moves forward while Microsoft investors meet in New York City for a pre-scheduled "Strategic Update" with CEO Steve Ballmer and CFO Chris Liddell. AOL STANDS ALONE: If the Microsoft/Yahoo deal goes through, AOL could be the last stand-alone player. What does the Microsoft/Yahoo news mean for AOL's valuation and for Time Warner? NO FIRM IS SAFE FROM SUBPRIME: Drug companies and tech firms are reporting charges linked to the subprime mortgage mess, and they may not be the last. Both Bristol-Myers Squibb and ADC Telecom took charges in the fourth quarter to cover losses in "auction rate securities." These are highly-rated pools of long-term investments that hold mortgages. But like other debt instruments, investors are growing wary of the holdings in these pools, bidding down their value and causing some corporations to take some surprising, and unexpected charges. What other companies are at risk? Mary Thompson reports. CSI- VEGAS: The derivative and structured financial products world is gathering --- appropriately enough --- in Las Vegas next week and we'll be there. Live from the Gambling Capitol of the World, Steve Liesman asks, how did so many smart people lose so much in the subprime mess and how it can be fixed? MONDAY MORNING QUARTERBACK: Darren Rovell is live Glendale, AZ wrapping up the financial winners of losers off the field from the Super Bowl. What ads scored? Which ones fumbled? How much is on the line if the Patriots are able to trademark "19-0" for merchandise sales? (Or how much do they stand to lose if the undefeated team is upset?)

Portfolio Watchlist Insider Trends Financial Glossary Stock Screeners Fund Screeners Earnings Screeners

Watch CNBC LIVE on your computer. Click here for more information.
To unsubscribe to this email click here If this e-mail was forwarded to you and you would like to subscribe to CNBC.com's News Now mailing, please click here