Monday

Earnings Announcements: Novellus (NVLS)

U.S. stocks rose on Wednesday as investors scooped up bargains in the commodities sectors a day after Wall Street slid to a 10-week low, but sentiment was dampened by the start of the quarterly earnings season.

I don’t say this to brag but, damn, my readers have been making some money lately! 

It still bewilders me just exactly how fast Google (GOOG) went from the “Yahoo Wanna-be” to the king of the search engine universe. When it comes to Google shares though, lately they’ve been down and out. But that doesn’t mean you can’t make money.

Jerry Yang, Yahoo Inc.’s (YHOO) co-founder and chief executive officer, today (Tuesday) stepped down from his post under heavy shareholder pressure. Yang will return to his former role as board member and “Chief Yahoo!” – a non-so-flattering, if not ironic, title considering the heavy criticism he took in the past year – upon the appointment of his replacement.

It’s got to be frustrating for Jerry Yang. The 40-year-old co-founder and CEO of Yahoo! Inc. (YHOO) is sitting on top of the world’s most popular web site, yet he can’t compete with Google Inc.’s (GOOG) more effective search-engine advertising machine.

Siemens Settle Bribery Charges for $1.3 Billion; Google Walks From Yahoo; Enbridge Channels 88% Profit Growth; FCC Approves Sprint-Clearwire Merger; GMAC Finance Revenue Stuck in Reverse; Time Warner Revenue Unchanged; Molson Coors Pops; News Corp. Profit Down 30%

Jerry Yang, Yahoo Inc.’s (YHOO) chief executive officer, finally got his wish last Thursday when his company partnered with rival Google Inc. (GOOG) to enhance its online advertisement business.

Shares in internet search company Yahoo (YHOO) dropped 10% yesterday as the prospect of a deal with Microsoft ended.

According to Bloomberg: “Yahoo said yesterday it scrapped talks after Microsoft refused to pay the $47.5 billion it offered last month. Instead Yang unveiled a partnership with Google Inc. While that deal may add $800 million to annual sales, it may not be enough to revive the stock, said analyst Colin Gillis of Canaccord Adams.”

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