Conservative candidate Nicolas Sarkozy has won the hotly-contested French presidential election. The final count gave Mr Sarkozy 53.06%, compared with 46.94% for socialist Segolene Royal, with turnout at 85%. (BBC)
Ballmer may be about to follow up on his pledge. Microsoft, the world's biggest software maker, has held talks with Yahoo! Inc. about a partnership to develop Web search and advertising programs to fight Google, people briefed on the discussions said. That would help remedy what Mehdi says is his one regret in the past year. (Bloomberg)
The record $188 billion of LBOs announced in the first quarter are fueling U.S. investigations of insider trading. Prosecutors charged a Credit Suisse Group investment banker with leaking tips in about nine takeovers on May 3, the second major bust of the year. Seven of the 11 insider lawsuits filed by the SEC this year involve options. (Bloomberg)
Warren Buffett on Sunday said the $5bn hostile bid for Dow Jones by Rupert Murdoch’s News Corp is part of a trend that will see an increasing number of newspapers owned by tycoons motivated by more than financial returns.(FT)
“Climate’s always been changing and it’s been changing rapidly at various times, and so something was making it change in the past,” he told us in an interview this past winter. “Before there were enough people to make any difference at all, two million years ago, nobody was changing the climate, yet the climate was changing, okay?” (Reid A. Bryson holds the 30th PhD in Meteorology granted in the history of American education. Emeritus Professor and founding chairman of the University of Wisconsin Department of Meteorology—now the Department of Oceanic and Atmospheric Sciences)
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