WITH OR WITHOUT: Bill Gates says his firm can afford the engineering and marketing costs, even if it doen't get Yahoo. Analysts say Yahoo's shareholders will go with Gates
Microsoft Corp chairman Bill Gates said on Monday that his company plans to invest heavily in Web search to compete against Google, even if it fails to acquire Internet search company Yahoo Inc.

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UPDATE: The Federal Open Market Committee forecast due out today will show lower projections of growth. It also won't reflect the new stimulus plan
The US Federal Reserve this week releases its updated economic forecast likely to show tepid growth for most of this year but probably not a recession, thanks to rate cuts and a big stimulus effort.

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Toshiba said yesterday it will no longer develop, make or market HD DVD players and recorders, handing a victory to rival Blu-ray disc technology in the format battle for next-generation video.

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The supervisory board of Deutsche Post AG on Monday picked Frank Appel to lead the mail and global logistics company after his predecessor resigned last week amid a growing tax evasion investigation that has gripped Germany.

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Credit Suisse said yesterday it was writing down a further US$2.85 billion in assets linked to the US housing market because of adverse conditions in the first quarter.

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The acting chair of the US Consumer Product Safety Commission (CPSC) lashed out at the toy industry for a lack of safety controls that led to a string of highly publicized recalls, and she warned that the industry has the obligation to regulate itself.

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■ ELECTRONICS

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