Exxon Dumping U.S. Gas Stations; Yahoo & Google Teaming Up

6:45 AM, FRIDAY — The New York Times is reporting that Exxon Mobil is dumping its retail gas business in the U.S. due to “very challenging” business conditions for its gas stations. However, out of the approximately 12,000 stations with the Exxon Mobil brand currently in the U.S., around 75 percent already are owned by others.
The Wall Street Journal has a story this morning indicating that Microsoft is no longer pursuing Yahoo, which has opened the door for Yahoo to ink a search-advertising deal with Google. Yahoo is saying it expects this deal could put around $800 million a year in their pocket.
Right on the heels of news yesterday that InBev would like to acquire Anheuser-Busch; TheStreet.com is reporting that Anheuser-Busch is discussing a possible merger with Mexico’s Grupo Modelo.
Have a great day, and try to go home with more green in your wallet than you leave with this morning.

One Response

  1. Thanks for posting the article, was certainly a great read!

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