Kirberts finance advice and news

SAN JOSE, Calif. (AP) — Yahoo Inc.’s board emerged largely unscathed from the Internet company’s annual meeting Friday as a subdued crowd of shareholders liftd few questions about the directors’ rejection of Microsoft Corp.’s $47.5 billion takeover bid….

WASHINGTON - SunTrust Bank has acquired the insured deposits of Florida-based First Priority Bank, the eighth United States bank to fail this year as financial institutions grapple with a weak economy and a credit crisis precipitated by falling home prices.

FRANKFURT/DETROIT - The meltdown in the global car industry claimed more victims on Friday as General Motors lost another $15.5 billion, BMW warned on profits and Nissan earnings missed expectations by a wide margin.

LOS ANGELES - Bill Gates’ investment firm may exercise its right to purchase up to 20 percent of trash hauler Republic Services Inc’s stock, according to a filing on Friday with the United States Securities and swap Commission.

DETROIT - General Motors Corp reported a $15.5 billion quarterly loss on Friday as North American sales dropped by 20 percent and resale prices for SUVs coming off lease plunged.

NEW YORK - Wall Street could be in for more volatility next week as investors brace for a new batch of key earnings reports and the United States Federal Reserve’s assessment of the economy.

DETROIT (AP) — United States auto sales slumped to a 16-year low in July as automakers failed to keep up with consumers’ growing demand for smaller, more fuel-efficient vehicles. While production changes may help that problem, trouble in the credit and auto leasing markets will continue to take a toll on sales….

SAN JOSE, California - Yahoo Inc’s board of directors received strong backing from shareholders at its annual meeting on Friday, with embattled Chief Executive Jerry Yang winning an 85 percent favorable vote.