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Optimism best plan for retirement 4 With life expectancy creeping up, superior to get ready for a lot of time off work Are we optimistic or just deluded?

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Filed under: Deals, Microsoft (MSFT), Yahoo! (YHOO), Merrill Lynch (MER)

The board at Yahoo! (NASDAQ: YHOO) will turn down a bid from Microsoft (NASDAQ: MSFT) which is valued at $31 a share. According to The Wall Street Journal (subscription required), Yahoo!’s board determined that the $31 per share offer “massively undervalues.”

Rumors are that Yahoo! will seek an amount of at least $40 a share.

Douglas A. McIntyre is an editor at 247wallst.com.

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Filed under: Deals, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO)

Yahoo! Inc.’s (NASDAQ: YHOO) board met Friday to discuss a buy-out bid from Microsoft Corp. (NASDAQ: MSFT). No news was issued by the company, but several media outlets reported that the group discussed licensing its search rights to Google Inc. (NASDAQ: GOOG) for a high sum or trying to get a superior bid from Microsoft

Yahoo!’s board can grow old waiting for a bump up in that offer. The Wall Street Journal wrote, referring to the Google option (subscription required), that “such a deal could increase Yahoo’s cash flow and give it more latitude to try to thwart the Microsoft approach.” While the deal might bring in more money and grant Yahoo! to fire much of its R&D staff, there’s no guarantee that it will keep the firm’s stock north of $30. Except for periods when there were rumors of a buy-out, shares have traded in the $20s and were below $20 slightly before the bid from Redmond.

Steve Ballmer knows all of this.

It’s time or Yahoo! to admit that its business has faltered badly and probably cannot recover. It could always out-sourced its search business to Google. It clearly never thought the idea was good enough.

And, regulators are not going to care about the idea of the No.1 and No. 2 search companies teaming up.

Douglas A. McIntyre is an editor at 247wallst.com.

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Green buiding — building homes and commercial buildings so as to have as little impact as possible on the environment — is more and more becoming part of the mainstream. Contractors are routinely relying on double-pane windows, Energy Star-rated appliances and paints with low-VOC counts. They’re hauling less waste to the dump every day, and relying more often on locally produced products when building their homes and retail centers.

But a new building in Oakland shows the true purpose of green construction: It’s not only good for the Earth, but for the residents inside the building, too.

You can read about Crossroads, which is perhaps the nation’s first green homeless shelter built from scratch, here, in a story by the New York Times’ Carol Pogash. Crossroads, which can home 125 residents, features a solar-paneled roof, nontoxic paint, desks and bureaus made from pressed wheat and hydronic heating systems.

The hero of this story is Wendy Jackson, executive director of the East Oakland Community Project. She spent 10 years raising money and drumming up support to build Crossroads, an $11-million facility. Her theory: Green building, and all its benefits, shouldn’t be out of reach to the homeless. They, too, deserved to live in a state-of-the-art, healthy building.

I only hope this is a new trend. Green building is growing in popularity not just because it’s a “hot” thing to do, but because it makes sense. Green-built homes are of high quality, and promote healthy living. Why shouldn’t the homeless deserve these same benefits?

Tags: Crossroads, green-building, homeless, Oakland, Oakland Community Project

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