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Yahoo shortlists 10 bidders, looks at cash deal: reportExternal Link

Yahoo Inc. has shortlisted 10 bidders in the auction for its Internet assets, including Verizon Communications Inc. , and most offers involve cash, according to a Reuters report Friday. The shortlist also includes private-equity firm TPG Capital LP and excludes small companies that proposed a combination deal, according to the report, which cited people familiar with the matter. The Wall Street Journal last week reported that Verizon was among the bidders for Yahoo. The company's core Internet business could fetch between $4 billion and $8 billion in auction.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 29 Apr 2016 20:17:17 GMT
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Dow, S&P eke out monthly gains as earnings, data weighExternal Link

U.S. stocks ended lower Friday, barely clinging to monthly gains, as disappointing economic data and corporate earnings raised doubts about the strength of the U.S. economy. The S&P 500 slid 10.50 points, or 0.5%, to 2,065.31, with health-care and information technology shares logging the largest declines. The Dow Industrials were off 57.12 points, or 0.3%, to 17,773.64, with Wal-Mart Stores Inc. and Intel Corp. leading the blue-chip gauge lower. The Nasdaq Composite was down 29.93 points, or 0.6%, to 4,775.36. The S&P recorded an April gain of 0.3%. The Dow logged a monthly gain of 0.5%. The Nasdaq -- which lagged its peers for most of the month -- saw a 2% drop.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 29 Apr 2016 20:05:16 GMT
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Wal-Mart's stock set for biggest drop in over 6 months; key chart support levels give wayExternal Link

Wal-Mart Stores Inc.'s stock slumped 3.3% in active afternoon trade Friday, putting it on track to suffer the biggest one-day percentage decline since Oct. 14. The discount retailing giant's shares, which were the biggest decliners among components of the Dow Jones Industrial Average , are headed toward the lowest close since March 3. The company didn't issue a press release or a regulatory filing Friday, and none of the 29 analysts followed by FactSet put out a company-specific note. Wal-Mart did not immediately respond to a request for comment. Chart watchers might say the stock's impending close below the 50-day moving average, seen as guide to the short-term trend, for the first time since Dec. 18 as a bearish sign. That, coupled with the drop Friday below a rising trendline starting at the Nov. 13, 4-year closing low of $56.42, suggests the uptrend since then may have just ended. The 50-day MA currently extends to $67.92 and the rising trendline comes in at $67.38.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 29 Apr 2016 18:56:15 GMT
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Oil futures gain nearly 20% in AprilExternal Link

Oil futures settled modestly lower on Friday after media surveys showed a monthly rise in production from the Organization of the Petroleum Exporting Countries. Expectations for continued declines in U.S. output, however, helped prices score a gain of roughly 19.8% for the month, based on the most-active contracts, according to FactSet. June WTI crude fell 11 cents, or 0.2%, to settle at $45.92 a barrel on the New York Mercantile Exchange Friday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 29 Apr 2016 18:44:09 GMT
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Silver jumps 15% for the month as gold logs highest settlement in over a yearExternal Link

Silver futures rallied Friday, tallying a gain of roughly 15% for the month, as gold futures settled at their highest level since late January of last year. The dollar-denominated metals got a solid boost from a weaker dollar. July silver rose 23.1 cents, or 1.3%, to settle at $17.819 an ounce. Gold for June delivery rose $24.10, or 1.9%, to finish at $1,290.50 an ounce, with prices up about 4.4% for the month, according to FactSet.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 29 Apr 2016 18:06:48 GMT
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