Yahoo's stock dropped roughly 19%-20% this morning at the open, shaving $8.7 billion off its value, its first installment on the price of its independence from Microsoft. Yahoo, whose position improved a couple of percentage points in the first half-hour of trading, is being held up by investor confidence that Microsoft will be back after the stock sinks, a widely held view, or alternatively that Yahoo will align with Google. At around 10 o'clock it was around $23.70.
Democrat Barack Obama's appeal to  centrist voters has further opened the door to Republican claims his message of change only applies to the positions he has taken in the past.
AP - Iran indicated Saturday that it has no plans to meet a key Western demand that it stop enriching uranium, a day after Tehran sent the European Union a response to an international offer of incentives for halting enrichment.
AP - The call girl involved in a scandal that brought down New York's former governor has dropped a lawsuit claiming "Girls Gone Wild" founder Joe Francis exploited her image and name on the Internet.
