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Nasdaq, S&P closer more than 1 pct higher (Reuters)

Traders work on the floor at the New York Stock Exchange, May 24, 2006. (Jeff Zelevansky/Reuters)Reuters - U.S. stocks rallied on Thursday as a string of corporate deals, plus a robust initial public offering for credit-card company MasterCard Inc., lifted investor sentiment.




Enron verdicts: A warning for corporate criminals (Reuters)

Former Enron CEO Jeff Skilling (L) and attorney Daniel Petrocelli talk outside Federal court after being found guilty on 19 charges and not guilty on 9 charges in the fraud and conspiracy trial of Skilling and Enron founder Ken Lay in Houston May 25, 2006. Lay was found guilty of all charges in both the Enron case and in his personal bank fraud trial. (Tim Johnson/Reuters)Reuters - The convictions of former Enron Corp. chief executives Ken Lay and Jeffrey Skilling on Thursday send a blunt message to corporate America -- lie to your shareholders and you will go to prison.




Enron's Lay, Skilling convicted (Reuters)

A newspaper vendor holds up a paper with a banner headline outside the federal courthouse after Enron founder Ken Lay and former CEO Jeff Skilling were convicted in Houston May 25, 2006. (Tim Johnson/Reuters)Reuters - Former Enron Corp. chiefs Ken Lay and Jeffrey Skilling were convicted on Thursday for lying to investors as the energy giant stumbled toward bankruptcy in 2001 in a stunning collapse that shook the country's faith in corporate America.




Yahoo, eBay in alliance that will challenge Google (Reuters)

The Yahoo corporate headquarters is seen in an undated file photo. Internet media company Yahoo and online auctioneer eBay on Thursday said they reached a multi-year advertising and commercial partnership aimed at boosting their position against Web search leader Google. (Handout/Reuters)Reuters - Yahoo Inc. and Web auctioneer eBay Inc. said on Thursday they had agreed to form a broad alliance in the United States designed to boost their positions amid growing competition from Google Inc. and Microsoft Corp. .




Q1 growth fastest in 2-1/2 years (Reuters)

Shipping containers arrive at Port Newark, New Jersey, February 24, 2006.The U.S. economy shot forward at an upwardly revised 5.3 percent annual rate in the first quarter, the fastest growth in 2-1/2 years, a Commerce Department report on Thursday showed. (Chip East/Reuters)Reuters - The U.S. economy shot ahead at an upwardly revised 5.3 percent annual rate in the first quarter, the fastest pace of growth in 2-1/2 years, but prices remained in check, a Commerce Department report on Thursday showed.





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