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October 16, 2007

DIO Goes for Gold

If you happened to have looked at the price of mineral explorer Dioro Exploration (DIO) on Tuesday, you probably would have stopped breathing for a second or two. The share price had undergone an increase by as much as 1,323.53% and was trading at $2.42 by mid afternoon. But keep breathing, as this was a reflection of the capital reorganisation the company has entered into, whereby Dioro

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Critics beset Yahoo's Yang

Despite beating back challenges from Microsoft and Carl Icahn, Yahoo chief executive Jerry Yang still faces criticism from shareholders over the company's falling stock price.

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PNC to Acquire Mercantile Bankshares for $6 Billion

Oct. 9 (Bloomberg) -- PNC Financial Services Group Inc., Pennsylvania's biggest bank, agreed to buy Mercantile Bankshares Corp. for $6 billion in stock and cash to gain clients in the Washington area and boost earnings by cutting costs. Link to original article

Share repurchase program may cost Ryder $175M

Ryder System said its board of directors has authorized a new share repurchase program, under which Ryder is authorized to repurchase up to $175 million of its own outstanding common stock over two years.

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