Rediff.com shares are overpriced - Barron's

(Reuters) - By some estimates Rediff's market capitalization is more
than 13 times the entire Indian online advertising market, from
which the majority of its revenues are earned, Barron's said.




Barron's also said Rediff's grip on its market seems to be
slipping as Web giants Google Inc. and Yahoo Inc.
get a foothold in India.


Read more at Reuters.com Mergers News

Motorola shares rise on rumors CEO may step down

(Reuters) - Jackson became the figurehead for widespread shareholder dissatisfaction at Yahoo Inc. after standing up at the company's annual meeting in June and asking then-Chief Executive Terry Semel to apologize to shareholders. A week later, Semel was replaced.




"There are rumors Zander may be resigning," said Charter Equity Research analyst Ed Snyder. "This would increase confidence that a serious restructuring is afoot."


Read more at Reuters.com Business News

Apple IPhone, Must-Have for Technophiles, May Be Tougher Sell for Parents

(Bloomberg) -- Yahoo! Inc. Chief Executive Officer
Jerry Yang wants an iPhone. Salesforce.com CEO Marc Benioff
plans to trade in his Motorola Inc. Razr for one. Chuck Jones
not only doesn't want one, he also isn't about to spend $1,000
or more to get iPhones for his two daughters.

While technophiles clamor for Apple Inc.'s combination
mobile phone and music player, some regular consumers like Jones
are less enthusiastic. The iPhone is pricier than rivals, lacks
the keyboard used by text messagers and works only on an AT&T
Inc. network. Parents also may balk at the $200 penalty to
switch wireless carriers, no matter how much their kids beg.


Read more at Bloomberg Exclusive News

Apple's IPhone, Must-Have for Technopiles, May Be Tougher Sell for Parents

(Bloomberg) -- Yahoo! Inc. Chief Executive Officer
Jerry Yang wants an iPhone. Salesforce.com CEO Marc Benioff
plans to trade in his Motorola Inc. Razr for one. Chuck Jones
not only doesn't want one, he also isn't about to spend $1,000
or more to get iPhones for his two daughters.

While technophiles clamor for Apple Inc.'s combination
mobile phone and music player, some regular consumers like Jones
are less enthusiastic. The iPhone is pricier than rivals, lacks
the keyboard used by text messagers and works only on an AT&T
Inc. network. Parents also may balk at the $200 penalty to
switch wireless carriers, no matter how much their kids beg.


Read more at Bloomberg Exclusive News

Yahoo in search deal with Asian mobile operators

(Reuters) - Yahoo's oneSearch service lets users download e-mails, search the Internet, view Web pictures and check weather conditions.




Internet companies Yahoo, Google and Microsoft see offering its products on cell phones as one of the most important sources of future growth as subscribers climb globally.


Read more at Reuters.com Business News

Futures dip ahead of data, Yahoo up

(Reuters) - Shares of Internet media company Yahoo Inc. traded up more than 5 percent in Europe, however, so a bounce in technology could cushion the market.




Data on U.S. housing starts is due before the bell, a day after a survey showed sentiment among U.S. home builders fell in June to the lowest since February 1991.


Read more at Reuters.com Business News

REFILE-Ron Burkle may bid for Dow Jones this week -report

(Reuters) - Burkle, a member of Yahoo! Inc.'s board of
directors, has been trying to enlist Yahoo! as a partner for a
bid, according to the report.




Burkle is also considering other partnerships in conjunction
with Dow Jones's union, Fortune said, citing a source in the
Burkle camp and adding that the billionaire has a history of
being a strong union supporter.


Read more at Reuters.com Mergers News

U.S. Stock-Index Futures Are Little Changed; Yahoo Gains, Microchip Falls

(Bloomberg) -- U.S. stock-index futures were little
changed before a housing report that may show the real-estate
slump will continue to weigh on economic growth.

Yahoo! Inc. climbed in Europe after the owner of the
country's most-visited Web site said Chief Executive Officer
Terry Semel stepped down and was replaced by co-founder Jerry
Yang. Exxon Mobil Corp. gained as oil traded near a nine-month
high.


Read more at Bloomberg Stocks News