Yahoo punished as Microsoft walks

(01:39) Report

May 5 - Yahoo lost nearly $8 billion of its market value on the first trading day after Microsoft abandoned a $47.5 billion takeover offer.

Analysts: Bank of America should lower Countrywide purchase price. U.S. services sector shows surprise expansion. Crude oil hits new record above $120 a barrel. Conway Gittens reports from New York.

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