Microsoft walks away from Yahoo after offering $33 a share -- $4 less than Yahoo was seeking. The announcement came at the end of a long, tense week of deliberations and three months after Microsoft first submitted an unsolicited offer for the web company.
Microsoft withdrew its $42.3 billion bid to buy Yahoo Saturday after last-ditch efforts to come to terms on a price proved unsuccessful. Microsoft was willing to pay $33 a share, but Yahoo wanted $37. "Clearly a deal is not to be," Microsoft CEO Steve Ballmer wrote in a letter to Yahoo.
Another restriction on daily life falls away under new President Raul Castro: Cuba's government allows desktop computers to go on sale to the public for the first time.
Amazon is suing New York over a new law that requires out-of-state online companies to collect sales tax from shoppers in New York. Officials estimate the state would gain about $50 million by requiring Internet giants such as Amazon to collect state sales tax.
The Arctic will remain on thinning ice, and climate warming is expected to begin affecting the Antarctic also, scientists announce Friday. This summer will likely match last year's record low sea ice in the North.